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7.3.A. - Page 9 <br />ORDINANCE NO. <br />ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY APPROVING THE DEVELOPMENT AGREEMENT BY AND <br />BETWEEN THE CITY OF REDWOOD CITY AND STANFORD <br />UNIVERSITY FOR THE DEVELOPMENT OF THE STANFORD IN <br />REDWOOD CITY PROJECT <br />WHEREAS, Stanford University (the "Developer") is the owner of certain real <br />property located within the City of Redwood City (the "Property"); and <br />WHEREAS, Government Code Section 65864 through 68569.5 provide the <br />statutory authority for development agreements between municipalities and owners of <br />real property; and <br />WHEREAS, in May, 2008, Stanford University ("Stanford") applied for a General <br />Plan amendment and a rezone for 35 acres of property, to allow demolition of eight <br />existing office research and development (R&D) buildings totaling approximately <br />537,000 square feet that are proposed for replacement, in multiple phases, with <br />administrative functions and office uses (75% to 100%), research and development <br />uses (0% to 10%), and medical clinic uses (0% to 15%) as well as common support <br />uses (i.e. cafeteria, childcare center, fitness center and other employee amenities) in up <br />to 1,518,000 square feet of building space in approximately thirteen commercial <br />buildings supported with approximately four parking structures, on-site surface parking <br />and new street parking that would contain 4,500 parking spaces. (Assessor's Parcel <br />Numbers 054-141-180, 054-141-220, 054-141-230, 054-150-120, 054-150-140, 054- <br />150-150, 054-150-160, 054-150-170, 054-150-180, 054-150-190 and common area <br />parcel A). The project also proposes an onsite storm water retention system, a recycled <br />water pipeline extension, dual piping for use of recycled water, a central greenway and <br />a publicly accessible open space area adjacent to Spinas Park. In addition, Barron, <br />Warrington and Hurlingame street extensions are proposed through the campus to <br />improve pedestrian, bicycle and vehicular circulation consistent with the City's General <br />Plan Circulation Element complete streets policies; and <br />WHEREAS, on July 15, 2008, the Planning Commission held a hearing and <br />recommended that the City Council initiate the requested General Plan/Zoning Map <br />Amendments, as well as a Precise Plan for the entire 48 -acre former Mid -Point <br />Technology Park, including both Stanford's originally proposed 35 acres and an <br />additional 13 acres comprising the existing Stanford Medical Clinics at 420, 430, 440, <br />and 450 Broadway and an industrial site at 550 Broadway (the "Stanford in Redwood <br />City Precise Plan" or "Project"); and <br />WHEREAS, on August 11, 2008, the City Council held a hearing and approved <br />initiation of the General Plan/Zoning Map Amendments and Precise Plan for the entire <br />48 -acre Stanford in Redwood City Precise Plan area. Even though the 13 acres <br />referenced above are not part of Stanford University's originally proposed project, they <br />ATTY/ORD.393/APPROVAL OF STANFORD DA <br />REV: 08-29-13 VR <br />Page 1 of 5 <br />