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6.1.G. - Page 2 <br /> The Affordable Housing Agreement has been prepared by the City Attorney and agreed <br /> to by the developer; it now requires City Council approval. The Affordable Housing <br /> Agreement describes the details of this project relating to the number and type of <br /> affordable units. The purpose of the proposed Agreement is to ensure that the City can <br /> count the units towards its regional housing need allocation (RHNA) obligation and to <br /> ensure that these affordable units remain affordable to lower income households. <br /> ALTERNATIVES <br /> The City Council could reject the Affordable Housing Agreement. <br /> FISCAL IMPACT <br /> Redwood City is not responsible for funding construction of the affordable units. City <br /> housing staff, however, will need to monitor compliance of this Affordable Housing <br /> Agreement once the units are constructed and occupied, ensuring that the units remain <br /> affordable for the term specified in the agreement. . <br /> ENVIRONMENTAL REVIEW <br /> This activity is not a "project" under the California Environmental Quality Act as defined <br /> in CEQA Guidelines, section 15378, as it involves an administrative activity. <br /> Ca�� <br /> CHARLES JANY <br /> PRINCIPAL PLANNER <br /> G�� <br /> BILL EKERN <br /> DIRECTOR OF COMMUNITY DEVELOPMENT <br /> �� <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENT <br /> 1. Affordable Housing Agreement <br /> RELATED DOCUMENT IN CITY CLERK'S OFFICE <br /> 1. Resolutions 12-03, 12-04 and 12-05 <br /> 2. 640 Veterans Boulevard Project Plans <br /> 3. Planning Commission staff reports and related documents for 640 Veterans <br /> Boulevard <br />