Reso 16432 - Laserfiche WebLink

Browse Search

ATTY/RESO.0052/ CC RESO APPROVING SUBSTITUTE SITE AS AFFORDABLE HOUSING SITE (705 VETERANS)(1900 BROADWAY DA) REV: 07-21-26 MI Page 3 of 11 (g) The substitution of the Affordable Housing Site and Affordable Housing Project will not be detrimental to the public’s health, safety, or general welfare; and WHEREAS, pursuant to Section 2.2(D)(3) of the 1900 Broadway DA, if the City Council approves Developer’s request for a Proposed Substitute Site after a public hearing, references in the 1900 Broadway DA recitals to the “Affordable Site” and “Affordable Housing Project” shall thereafter be replaced with the description of the Proposed Substitute Site and associated affordable housing development; and said amendments shall be treated as a Minor Amendment to the 1900 Broadway DA under Section 8.2 of the 1900 Broadway DA. The City Manager is also authorized to execute any conforming amendments to the Affordable Housing Land Donation Agreement and Partial Assignment and Assumption Agreement, attached as Exhibits F and G to the 1900 Broadway DA, only as may be necessary to reflect the substitution, provided that such amendments be subject to approval by the City Attorney as to form; and WHEREAS, on May 19, 2026 and revised on July 1, 2026, Developer submitted to the City Manager an Amended and Restated Affordable Housing Plan, attached hereto and incorporated hereto as Exhibit 1, which included a written request for City Council approval of a substitution of the Affordable Housing Site and Affordable Housing Project in the 1900 Broadway DA with the land donation of real property located at 705 Veterans Boulevard, Redwood City, California (Assessor’s Parcel Number 052-412-010) to the Affordable Housing Partner, for the development of seventy-five (75) affordable senior residential units (“Affordable Units”), (hereinafter collectively referred to as “Substitute Site”), based on Developer’s claim that the Affordable Housing Site and Affordable Housing Project at 847 Woodside is no longer economically feasible; and WHEREAS, the Substitute Site is located within the Mixed Use Corridor (MUC- VB) zoning district and is currently developed with a six (6)-unit commercial property that includes medical offices, offices and retail uses; and WHEREAS, on October 17, 2025, the Affordable Housing Partner submitted both an application and Notice of Intent to the City under Senate Bill 35 as amended by Senate Bill 423, (collectively “SB 35”), and Government Code Section 66330 et seq. and 65941.1 (“SB 330”) for streamlined ministerial review of the proposed affordable housing development at the Substitute Site. Thereafter, on March 24, 2026, the Affordable Housing Partner filed its formal SB 35 application, which was deemed complete on June 25, 2026. A Notice of Approval that the SB 35 development application met the City’s objective development standards was issued on July 22, 2026; and WHEREAS, on July 27, 2026, the City Council held a duly noticed public hearing to consider Developer’s request for City Council approval of the 705 Veterans Boulevard and the associated affordable residential development as a Substitute Site under the Section 2.2(D) of the 1900 Broadway DA, which included a review of whether the land donation of the Substitute Site and the Amended and Restated Housing Plan (Exhibit 1) meet the requirements of the Affordable Housing Ordinance and Guidelines; and