AgdaPkt 2013-04-08 - Laserfiche WebLink

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8.A - Page 4 system. The commitment to use recycled water contributes to the Project's environmental sustainability (which is also responsive to the Guiding Principle of Plan Integrity). Plan Inteqritv Although the discussion for the City Council in the study session pertains to the symmetry between the City Council adopted Guiding Principles and the Development Agreement terms, the Development Agreement will be reviewed later on in the context of various interdependent documents including the Precise Plan and the Environmental Impact Report (EIR). The Precise Plan is a comprehensive zoning document that establishes maximum land use allowances (such as height and density) and architectural preferences for the area. The EIR analyzes potential development impacts for the foreseeable future and requires mitigations. In this case, Stanford University is deepening its commitment to the community through its build-out next to Stanford's Medical Clinics and providing substantial monetary and other community benefits that the City could not otherwise have required. In exchange, the City is assuring that Stanford will be allowed to build out its project over the course of 30 years without worry that a future City Council could exercise its authority in such a manner that would prevent Stanford from fully realizing its project. Accordingly, the Agreement provides that when the project is presented, the City will regulate the development largely by reference to consistency with the Precise Plan instead of through its land use powers as articulated in the Zoning Code. The Precise Plan requires high quality design and construction that will result in an attractive and well-designed addition to the City's built landscape and demonstrate the City's commitment and capacity to partner with developers to turn visions into reality in concert with community benefit. Next Steps The Stanford in Redwood City project supports the City's ability to help the community realize its vision of urban growth and bring several tangible infrastructure, workforce development, educational, recreation and arts benefits to our area. Through its work on the Precise Plan, EIR, and Development Agreement, the City is considering the project in a comprehensive way that identifies and addresses potential impacts and secures the greatest possible net benefit to the community. The specifics of each of the elements of the Development Agreement will be presented to the Planning Commission and City Council as the Plan, EIR, and Development Agreement are reviewed. This Council Study Session is intended to advise the City Council of staff's understanding of how the Council-approved Guiding Principles have been addressed within the key negotiating points of the Development Agreement and to determine if there are specific issues of concern that need to be addressed either through the final reports or through additional Development Agreement discussions.