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<br />. ,. <br /> The following people spoke in favor of the City subsidizing the Lincoln <br /> Park Condominiums 64 affordable housing units: <br /> John Dustin, 26 Pinehurst Lane, Half Moon Bay, consultant to the Lincoln <br />--- Park Condominiums project, described need for affordable housing in Redwood <br /> City and funding of subject project. <br /> Alan Parker, P. O. Box 1024, Moss Beach, consultant to the Lincoln Park <br /> Condominiums project, distributed a letter requesting Council to encourage <br /> the Agency to continue to negotiate in good faith and not stop progress on <br /> this win-win proposition. <br /> Dennis Siden, 20 Vista Verde Way, Portola Valley, Lincoln Park Condominiums <br /> developer, described land costs, pro formas, prices of finished units, and <br /> requested Council to continue the negotiation process. <br /> Council discussed choices and impacts of available and future funding <br /> capacities; requested subsidies and impacts; use of set-asides; cost of <br /> the land and comparable land acquisitions; costs of fees and permits; tax <br /> allocations and mortgage revenue bonding authority; cost per unit versus <br /> price; limited condemnation in Redevelopment Area; ABAG projections; and <br /> Council desire to provide affordable housing units. <br /> MIS: GreenalchlMurray to schedule further discussion on this project at <br /> the Study Session on June 3, 1991 and direct staff and developers to be <br /> prepared to address questions raised by Agency Directors, and present <br /> clear and complete financial information on the proposed Lincoln Park <br />I Condominiums project. <br />I Carried by unanimous voice vote. MINUTE ORDER NO. RD 91-006 <br />--- <br /> --------------------------------------------------------------------------------- <br /> B. Agreement with San Mateo County for a Parking Study <br /> Report: Community Development Director, 5/7/91 <br /> Redevelopment Agency Director Church presented the staff report and <br /> advised Agency participation in this study would ensure greater <br /> coordination between the City and County parking structures. <br /> Title read. MIS: Stange llBuchan <br /> RESOLUTION NO. RD 91-04 APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT <br /> BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY AND THE COUNTY <br /> OF SAN MATEO COVERING PARKING STUDY <br /> Adopted by unanimous roll call vote. <br /> --------------------------------------------------------------------------------- <br /> Redev. Agency Mi nutes <br /> May 13, 1991 <br />: Page 2 <br />L MINUTE BOOK NO. 1 <br /> Page No. 009 <br />