AgdaPkt 2013-02-11 - Laserfiche WebLink

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6.1.C. - Page 1 RE PO RT To the Honorable Mayor and City Council From the Cit Mana er February 11, 2013 SUBJECT Parcel Map and associated agreements for the development at 640 Veterans Boulevard by BRE Properties, Inc. RECOMMENDATION 1. By motion, approve the Parcel Map for lot merger at 640 Veterans Boulevard, abandon Sewer and Storm Drain Easements and accept the dedication of Emergency Access Easements, Public Service Easements, and Public Access Easements on said map. 2. By motion, approve and authorize the City Manager to execute an Improvement Agreement with BRE Properties, Inc. 3. By motion, approve and authorize the City Manager to execute a Landscape Maintenance Agreement with BRE Properties, Inc. 4. By motion, approve and authorize the City Manager to execute a Stormwater Treatment Measures Maintenance Agreement with BRE Properties, Inc. BACKGROUND The project is a 5-story, 264 for-rent apartment development, with one level of subterranean parking, one level of podium parking. On January 17, 2012, the Planning Commission conditionally approved the Planned Development Permit. The site formerly housed a car dealership. ANALYSIS The developer's engineer completed the parcel map, improvement plans, and specifications compliant with the Subdivision Map Act, Redwood City Ordinances, City Standards, and to the satisfaction of the City Engineer. The parcel map merges two existing parcels into one. Improvements include new sewer, storm and water services, public sewer and water mains, sidewalk modification per powntown Precise Plan standards, trees, pedestrian lighting and stormwater treatment measures. The project also creates a continuation of Samson Street between Winslow Street and Veterans Boulevard for bicycles and pedestrians. The developer, BRE Properties, Inc., will post bonds in the amount of $2,252,250 as required by the Improvement Agreement. The developer anticipates completion of all improvements in 2014. All work associated with this project is being paid for by the developer.