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Page 6 of 8 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />Staff would evaluate proposals based on how well they address the City’s primary goals: maintaining as <br />much public parking as possible, incorporating office space for the City, and delivering a strong affordable <br />housing component. This evaluation would include, but not be limited to, the number of affordable units, <br />the target population to be served, the income levels of prospective residents, and the overall project cost <br />estimates. <br />At the conclusion of the RFP process, staff would seek further direction from the City Council on how to <br />proceed. Depending on the outcome, there may be several strong proposals that the City Council wishes <br />to review before making a decision, or there may be a clear leading proposal that staff would present with <br />a recommended course of action. <br />Once a preferred proposal is identified, the City would enter into a formal agreement with the selected <br />developer, granting the necessary rights to begin pursuing federal, state, and local funding sources to <br />support project development. In addition, the selected developer would begin the design/entitlement <br />process to further define the project design. <br />Taking all of the steps above into consideration, it could take a minimum of four years from the issuance <br />of the initial RFP to the point at which an affordable housing developer breaks ground on a new project <br />at Lot B. Given this timeline, it will be essential for the City and the selected developer to work closely <br />with the downtown community to ensure adequate public engagement throughout the process, keeping <br />stakeholders informed about the project’s timeline and design. <br />Finally, one possible outcome of this process is that it may prove too costly to develop an affordable <br />housing project on Lot B that also includes public parking and City office space. However, conducting an <br />open solicitation process will allow the City to make that determination with greater confidence, as it is <br />likely that multiple affordable housing developers will respond to the RFP and provide valuable feedback. <br />This input will ultimately help the City Council decide whether to move forward with the project. <br />Next Steps <br />If the City Council directs to proceed, the next steps would be: <br />1. Evaluate Lot B under the requirements of the Surplus Land Act and ensure any required state and <br />local processes. <br />2. Prepare and release the RFP in summer; <br />3. Receive submitted proposals in the fall; <br />4. Review and evaluate proposals in the fall and winter; and <br />5. Return to the City Council in early 2027 with findings and recommendations seeking direction on <br />how to proceed. <br />EQUITY IMPACT STATEMENT <br />Development of affordable housing has been an important policy goal for the City as it works to fulfill its <br />Regional Housing Needs Allocation (RHNA) obligations. For the current Housing Element RHNA cycle <br />9.B. - Page 6 of 8 <br />509