Res99 RD-99-21 - Laserfiche WebLink

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FINDINGS OF FACT FOR THE FRANKLIN STREET PROJECT STATEMENT OF FINDINGS INTRODUCTION The following represents the findings, pursuant to Public Resources Code §21081 and the California Environmental Quality Act (CEQA) Guidelines Title 14 California Code of Regulations §15091, by the Redevelopment Agency Board for the Franklin Street Project (the "Project") in the City of Redwood City. FRANKLIN STREET PROJECT OVERVIEW The Project is located within a 17-acre site bounded by Jefferson Avenue to the north, the Caltrain tracks to the east, Maple Street to the south, and E1 Camino Real to the west within the City of Redwood City (the "Project Site"). The Project Site is located within the boundaries of the 1,017-acre City of Redwood City Redevelopment Project Area No. 2 (the Redevelopment Project Area) and the 25-acre Franklin Street Area Plan area. Redevelopment of the Project Site would include a mix of residential and commercial uses consistent with the goals and policies of the Redevelopment Plan for Redevelopment Project Area No. 2 and the Franklin Street Area Plan. The Franklin Street Area Plan serves as the primary land use and regulatory guide for redevelopment of the Project Site. The Project will be subject to disposition and development agreements, Planned Development (PD) permits, vesting tentative maps ("VTMs"), and other permits and approvals necessary for the development of approximately 506 dwelling units, approximately 45,370 square feet of new commercial/retail space, approximately 35,000 square feet of replacement commercial/warehouse space, and ancillary amenities. In addition, one of the Project applicants may enter into a development agreement with the City of Redwood City. REDEVELOPMENT PROJECT EIR Redevelopment of the Project Site was previously evaluated in the Proposed Second Amendment to the City of Redwood City Redevelopment Project No. 2 Environmental Impact Report prepared for the Redwood City Redevelopment Agency by Planning Analysis & Development in November 1989 ("Redevelopment EIR"). On November 20, 1989, the Redevelopment Agency Board and the City certified the Redevelopment EIR. On December 4, 1989, the Redevelopment Agency Board and the City adopted findings, established a reporting and monitoring program, and adopted a statement of overriding considerations for the significant and unavoidable impacts anticipated with the proposed Project. In December 1989, the City adopted the Second Amendment to the City of Redwood City Redevelopment Project No. 2 (Second Amendment). The Second Amendment expanded the City's original redevelopment area by approximately 680 acres for a total of 1,017 acres. The Second Amendment area is located in the northeastern portion of the City and is generally bounded by Whipple Avenue on the north, .Charter Street on the south, E1 Camino Real on the west and Veteran's Boulevard on the east. Development anticipated within the Second Amendment area during the 20-year time frame of the General Plan included 140,200 square feet of office space, 155,000 square feet of retail space, 459,800 square feet of research and development space, 476 residential units and 200 parking FRANKLIN STREET PROJECT -1- Findings RD99-21