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17 acres within the Redevelopment Area bounded by Jefferson Avenue to the <br />north, the Caltrain tracks to the east, Maple Street to the south, and El Camino <br />Real to the west, located within the Franklin Street Area ("Project Site"); and <br /> <br /> WHEREAS, Agency entered into an exclusive right to negotiate CERN") <br />a disposition and development agreement CDDA") for development of the <br />Project Site with Shea Homes Limited Partnership, a California limited <br />partnership, and Irvine Apartment Communities, L.P., a Delaware limited <br />partnership ("Developers"); and <br /> <br /> WHEREAS, Developers have proposed, and Agency desires to consider, <br />a residential/mixed use project for the redevelopment of the Project Site (the <br />"Franklin Street Project" or "Project"); and <br /> <br /> WHEREAS, the Agency as the lead agency under the California <br />Environmental Quality Act (Public Resources Code Section 21000 et seq., <br />"CEQA"), has evaluated the environmental impacts of the Project; and <br /> <br /> WHEREAS, the Project is subject to, and is proposed to be developed in <br />general conformity with, the General Plan, Redevelopment Plan, Zoning <br />Ordinance and Franklin Street Area Plan, and with the final environmental <br />impact reports CEIRs") certified for the Second Amendment of the <br />Redevelopment Plan and for the Franklin Street Area Plan and Rezoning Study; <br />and <br /> <br /> WHEREAS, in view of the foregoing conformity with previously reviewed <br />plans, Agency determined to prepare and circulate an initial study and tiered <br />mitigated negative declaration ("Tiered Franklin MND") for the Project in <br />accordance with CEQA, the State CEQA Guidelines (14 Cal. Code Regs. <br />Section 15000 et seq.), and the Agency's CEQA Procedures; and <br /> <br /> WHEREAS, Agency distributed the Tiered Franklin MND for public review <br />and comment on February 24, l ggg, and established a 30 day period for the <br /> <br />P.D-008 2 <br />F/sh/sh/RC/Council/Rcso R D 9 9- 2 1 <br />DES:rg <br />04/20/99 <br /> <br /> <br />