AgdaPkt 2004-06-07 - Laserfiche WebLink

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�i.A-I`� � The City's preferred design includes traffic °roundabouts" at Blomquist's intersections at both Maple Street and Bair Island Road. The Precise Plan requires that the applicant provide a substantial share of the t►�nding for the extension prior to occupancy of 500 units in the project whE� needed. The City has already collecteo approximately $5 million towar�is a Blomquist construction total cost esf�mate of $10 million. The MSV commitment of the remainder will likely range from $4 to $4.5 million, depending on the contributions of other involved projects'. The developer will pay their contribution as needed by the City. The roadway extension is presently in the design stage, and construction within the project timeframe is considered to be realistic. (2) Pedestrian/Bicycle Undercrossinq of Hwv. 101 — In order to enhance non-motorized access to and from the Bayfront, downtown and other areas of the City, a pedestrian/bicycle under-crossing of Hwy. 101 is included in the Precise Plan, and the Marina Shores development would contribute to its construction. The under-crossing would extend west from Blomquist Street just south of its intersection with Bair Island Road, and would run adjacent to (on the north side o� Redwood Creek to downtown Redwood City. The Marina Shores contribution to the project is expected to be most of the $2.0 million estimated cost of the under-crossing. Although the Precise Plan requires that the under- crossing be fully funded prior to occupancy of 500 units on the site, it may be built at the same time as the separate Blomquist Street extension in order to take advantage of existing equipment being used for other roadway construction. (3) Other Roadwav Improvements — Other key roadway improvements include upgrades of East Bayshore Road, Bair Island Road, and Veterans Blvd., as well as signalization improvements at a handful of affected intersections: (4) Traffic Impact Mitiqation Fees — In addition to the required roadway improvement upgrades, development of the project will require payment of mitigation fees for citywide traffic improvements (Traffic Impact Mitigation Fee Program), consistent with fees established by City Council resolution. The traffic impacts fee will be approximately $2.7 million dollars. This estimate is based on the net increase of traffic (projected traffic minus existing tra�c) and also includes a credit for the project's contributions to the capital improvements outlined above. b. Transit MSV is not transit-oriented development. It is not near any public transit nodes (e.g. Cal Train Station) and it does not have direct and easy ' At this time the Syufy project on Bayshore Road is the only other project that will have to contribute toward the Blomquist Street Extension. 3