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6.1.A. - Page 7 <br /> Fiscal Balance, and Plan Integrity. Mr. Ekern discussed the Guiding Principles further <br /> stating that Mutual Benefits is a long term relationship between Stanford's Graduate <br /> School of Business and Redwood City. He also stated that Community Based-Benefits <br /> included: neighborhood streets, transportation, infrastructure like flooding, community <br /> sustainability, education and community programming. Mr. Ekern said that this concept <br /> sets up how the university and the City can be good neighbors to each other, thus <br /> including potential improvements and potential funding. With regards to Fiscal Balance, <br /> he mentioned new construction and permanent office jobs. Also, he stated that <br /> Stanford proposes to expand its recycled water program in Redwood City. Lastly, he <br /> elaborated on the Plan integrity and provided details. <br /> Mr. Ekern stated that the next steps for both the City and Stanford are to bring this to <br /> the Planning Commission, and subsequently, to the City Council for action, if approved <br /> by the Planning Commission. <br /> Public Comment <br /> Steve Elliot, with Stanford University, commended the City, City staff, and all involved <br /> for focusing on the community goals. Mr. Elliot also said that Stanford takes this <br /> agreement extremely seriously and with a long term approach. He mentioned that both <br /> Stanford and Redwood City have a long history, and he also talked about the history of <br /> this project from its beginnings to the present. He said that the time spent is valuable <br /> and benefits the City, community and Stanford. He brought up the Development <br /> Agreement, and listed its Economic Development, Education, Flooding, Infrastructure, <br /> and Neighborhood components. Lastly, Mr. Elliot said that the agreement provided a <br /> road map to continue the dialogue. <br /> Dave Weinstein, Managing Director of the Stanford Graduate School of Business, said it <br /> was his pleasure to be at the Council meeting and he is excited to offer opportunities to <br /> the community. He talked about Stanford's extensive business program. He would like <br /> to offer a series of programs to Redwood City. Mr. Weinstein stated that Stanford is <br /> looking forward to meeting the needs of the City and business community, such as an <br /> entrepreneurship. <br /> At this time, the two Council Subcommittee Members spoke about this project and its <br /> development through the years. Council Member Ira said that they laid out the priorities <br /> of the Council in 2009, and branded Stanford into Redwood City as part of Redwood <br /> City. He said that they had to learn about the university and meet with the deans and <br /> other Stanford employees to learn about them and what they had to offer. He said that <br /> this is special and unique to Redwood City and a long lasting relationship. He would <br /> like to recognize Community Development Director Bill Ekern and City Attorney Pamela <br /> Thompson for obtaining their perspectives, and that they thought the Development <br /> Agreement did incorporate the goals of the City Council. <br /> Council Member Foust mentioned that it had taken three and half years to go through <br /> the meetings with Redwood City and Stanford staff. She said that it had been a journey <br /> on what were the things that mattered: considering the neighborhood for this <br /> development, how it can help the neighborhood, and weave it into the community. She <br /> pointed out that the idea of the Stanford project was to enhance and build a legacy <br /> CTY COUNCIL April 8, 2013 <br /> MEETING MINUTES PAGE 7 <br />