Res99 RD-99-30 - Laserfiche WebLink

Browse Search

Ordinance No. 2085 of the City ("Redevelopment Plan") which is incorporated herein by reference and made a part hereof as though fully set forth herein. The Agency agrees that prior to the issuance of the Certificate of Completion, no amendment of the Redevelopment Plan by the Agency which changes the uses or development permitted in the Franklin Street Area or changes the restrictions or controls that apply to the Franklin Street Area shall be made or become effective without the prior written consent of IAC. Amendments to the Redevelopment Plan applying to property outside of the Franklin Street Area shall not require the consent of IAC. §105 The Redevelopment Area The Redwood City Redevelopment Project Area No. 2 is comprised of three non- contiguous sub-azeas covering 1,017 acres located in the City, as more particulazly shown in Attachment 2 hereto (the "Redevelopment Area"). The three non-contiguous sub-azeas include the "Marina Subazea," "Seaport Subazea," and "Downtown Subazea." §106 The Franklin Street Area The IAC Project Site is located within the Redevelopment Area and witlun the azea covered by the Franklin Street Area Plan adopted by the City in 1994 (the "Franklin Street Area Plan"). The Franklin Street Area Plan covers an approximately 25-acre azea of the City bounded by El Camino Real on the west, Jefferson Avenue on the north, Middlefield Road along the east, and Maple Street on the south, as more particulazly shown in Attachment 3 hereto (the "Franklin Street Area"). The Franklin Street Area is also located wittun the Downtown Subazea of the Redevelopment Area. §107 The Fraaklin Street Project Site The Franklin Street Project Site is that portion of the Downtown Subazea of the Redevelopment Area and the Franklin Street Area consisting of an approximately 17-acre azea bounded by Jefferson Avenue to the north, the Caltrain uacks to the east, Maple Street to the south, and El Camino Real to the west, as more particulazly shown on Attachment 2 hereto. The "IAC Projes� Site" consists of approximately four and one-half (4.5) acres generally bounded by El Camino Real to the west, Monroe Street to the north, the Caltrain right-of-way to the east, and Maple Street to the south as more particulazly shown on Attachment 4(a) hereto. The pazcels comprising the IAC Project Site aze described in Article 2 of tlus Agreement. The "Shea Project Site" consists of approximately twelve (12) acres generally bounded by El Camino Real to the west, Jefferson Street to the north, the Caltrain right-of-way to the east, and Monroe Street to the south as more particulazly shown on Attachment 5 hereto. §108 The Project A. The Franklin Sueet Project The Franklin Street Project consists of construction on the Franklin Street Project Site of approximately 506 residential dwelling units comprised of approximately 300 owner-occupied units and 206 rental units (of which 76 units satisfy the requirements for very low and moderate income housing in accordance with Community Redevelopment Law, Califomia Health and 3 9627:83976.25 . , . .,