Agdapkt 2010-12-06 clsd and regular

Browse Search

ATTAC ge 4� Zoning. The current zoning for the property is "Planned Community District." In the City's proposed General Plan update, the property will be designated for Mixed-Use Waterfront Neighborhood (current designation is Commercial Office Park Oriented Uses — Mixed-Use, Commercial and Residential). The current zoning for the property was granted as a part of the originally planned Peninsula Park project described above. Under that zoning approval, the project as currently contemplated is allowable as a reduced intensity project. Other. Limited bank stabilization may be required in certain areas adjacent to Redwood Creek and the preserved marina basin to complete development the inner and outer esplanades. This activity, and the installation of the 20 to 40 non-commerciat boat slips and hand boat launch anticipated in the last development phase, may require approval from the United States Army Corps of Engineers. Development Agreement In December 2007, a Development Agreement and Precise Plan related to the Peninsula Park project proposed at that time were approved for the property in accordance with applicable state and local codes. The Development Agreement was recorded in April 2008 and was consistent with the impacts created by the Peninsula Park project which called for up to 796 residential units, 10,000 square feet of retail space and up to a 200-room hotel. An amendment to the Development Agreement facilitating the current One Marina project was approved by the City Council on September 28, 2010 (and is subject to a 90-day appeal period). The Affordable Housing Component of the Amended Development Agreement includes the requirement for 15 units to be designated as below market rate, as summarized above. The Development Agreement vests development rights, sets forth required infrastructure improvements or in lieu fees for same, and dedication requirements, secures the timing and methods for financing improvements, establishes impact fees, and specifies other performance obligations as related to development of the property. All of the property in the District is subject to the requirements of the Development Agreement. The Development Agreement is binding on the Developer and any successor owner/developer of property in the District with respect to development parameters in the District. Environmental Matters F/ood Hazard Map Information. According to the Federal Emergency Management Agency's flood insurance rate maps, the property is in Flood Zone "C" — areas outside of the 100-year flood plain (Map Panel 060325-0011 B, Panel Date May 17, 1982). Seismic Conditions. According to the Seismic Safety Commission, the District is located within Zone 4, which is assigned to areas near major faults. The existence within this zone does not prevent development. There are only two zones in California. Zone 4 is assigned to areas of major faults. Zone 3 is assigned to areas with more moderate seismic activity. In addition, the Project is located within a Fault- Rupture Hazard Zone (formerly referred to as an Alquist-Priolo Special Study Zone), as defined by Special Publication 42 (revised January 1994) of the California Department of Conservation, Division of Mines and Geology. -26-