AgdaPkt 2004-04-26 - Laserfiche WebLink

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�.�� . The project floor area must be at least 50,000 square feet. • If the exemption is for child care, the facility must accommodate at least 40 children. • The amenity for which the exemption is granted must be indefinitely maintained. • In the case of child c�re, the amenity may be private (e.g. open only to 'he employees of the compa,iy where it is located); however for all other amenities, ti;s provision of an educationa� facility, open space, or recreation facility must be oper, to the public. In addition to consideration of the provisions of other Bay Area cities, additional considerations were made in drafting the proposed ordinance with respect to child care. State Code cuRently provides advisory language to cities and counties for child care FAR exemptions associated with commercial and industrial development. The proposed code is guided by the State code. The code specified a minimum size for child care, which helps to insure feasibility for this amenity. The Planning Commission and staff recommend approval of the Zoning Text Amendment. In addition to helping secure the future of the Marine Science Institute in this community, other amenities could be retained or obtained in future development. The exemptioNbonus is relatively small (2% in the maximum case). The additional floor area can be accommodated with good design and site planning. The FAR exemption/bonus is, by definition, proportional to the lot area, which results in a balanced approach to administering the exemptions/bonuses. Alternatives 1. Approve the Zoning Map Amendment as proposed and the Zoning Text Amendment with mod�cations. 2. Approve the Zoning Map Amendment as proposed, but not the Zoning Text Amendment. (This action would allow the project to be built, but could jeopardize retention of the Marine Science Institute at this site.) 3. Do not approve the Zoning Map or Text Amendments. Fiscal Impact The proposed Zoning Map Amendment which specifically addresses Abbott's Laboratories' property would enable Abbott Laboratories to develop a 540,000 square foot West Coast Research Center. This development would result in a favorable fiscal impact to the City. Various taxes, both on-going and one-time would be associated with the development of the campus. Property taxes would be increased. Use taxes associated with the building tenant improvements would be realized with each phase of build-out. Sales taxes may be associated with the development, but this is not certain at this time since Abbott has not specified the use of the Phase 2 or 3 portions of the development. fn addition to taxes, at full build-out, the new campus would create 1,000 new local jobs. This new employment base can benefit Redwood City by offering high quality, well paying jobs with full-benefits to people from a wide-range of backgrounds. Furthermore, non-residents employed at the Abbott campus would be likely to purchase goods and use services in Redwood City.