AgdaPkt 2011-06-13 - Laserfiche WebLink

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6.1.E. - Page 1 To the Honorable Mayor and City Cou nci I From the City Manager J u ne 13, 2011 SUBJECT Subdivision Map - One Marina (Parcel Map 2011-02) RECOMMENDATION Approve, by motion, the Parcel Map for the One Marina (4-Lot) Subdivision, including acceptance of dedications of a Public Service Easement, an Emergency Access Easement, and a Public Access Easement, as shown on the Parcel Map. BAC KG RO U N D R.C. Peninsula Park, LLC is the Owner of Record of said real properties located at 650 through 660 Bair Island Road, Redwood City, California ("Property"). On December 17, 2007, City Council approved a Development Agreement and Precise Plan for the Peninsula Park development project on the Property, including a multi- family residential development that will include 231 townhome (condominium) housing units, 10,000 square feet of retail space, and a 200 room hotel ("Project"). On July 20, 2010 a �/esting Tentative Map for a 4-lot re-subdivision of the Property was approved by the Planning Commission. This first 4-lot subdivision will allow a configuration wherein the proposed hotel and retail space are committed to a unique parcel and the other three parcels will be configured for future residential subdivision. Maps for condominium purposes will be forthcoming and will be submitted to both the City and the State of California's Department of Real Estate. On February 28, 2011 a permit was issued to the owner for the construction of necessary public infrastructure improvements along Bair Island Road in conformance with City Standards and the 2007 Precise Plan. Bonds in the amount of $2,057,357.40 were received for improvements along frontage of the Project. All work associated with the public infrastructure improvements for the Project are being financed through the Redwood City Community Facilities District 2010-1 One Marina Project (CFD). The CFD was approved by City Council on September 13, 2010. The Owner now seeks issuance of its Parcel Map to proceed with the development. The Owners' surveyor, Mountain Pacific Surveys, has completed the Parcel Map in accordance with the Subdivision Map Act and Redwood City Ordinances, and to the satisfaction of the City's Engineering Division.