AgdaPkt 2013-11-18 Special - Laserfiche WebLink

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7.1 .D. - Page 1 REPORT To the Honorable Mayor and City Council From the Cit Mana er November 18, 2013 SUBJECT Parcel Map and agreements associated with the Main + Marshall Street Residences development at 601 Main Street in Redwood City RECOMMENDATION 1 . By motion, approve Parcel Map No. 2013-07. 2. By motion, approve and authorize the City Manager to execute an Improvement Agreement with LMI Redwood City Holdings, LLC. 3. By motion, approve and authorize the City Manager to execute a Landscape Maintenance Agreement with LMI Redwood City Holdings, LLC. 4. By motion, approve and authorize City Manager to execute a Stormwater Treatment Measures Maintenance Agreement with LMI Redwood City Holdings, LLC. BACKGROUND On June 4, 2013, the Planning Commission approved the Vesting Tentative Map for the property (Planning Commission Resolution 13-12). The 1 .16 acre parcel previously had several small, one and two story office buildings, which will be demolished. Notice of Official Action was issued on June 25, 2013, for the subdivision. On October 7, 2013, City Council approved a partial vacation of Bradford Street, which forms one boundary of this parcel. The vacated square footage is included on Parcel Map No 2013-07. The Project will create 196 apartments and 2,975 square feet of retail space on parcels previously occupied by small office buildings. LMI Redwood City Holdings, LLC, is the Owner of Record of real property located at 601 Main Street, and is the developer responsible for the construction of all improvements on the site. ANALYSIS The parcel map and three agreements between the developer and Redwood City are proposed for the Project. The Improvement Agreement guarantees that the public improvements constructed by the developer are consistent with the city's engineering standards. The Landscape Maintenance Agreement commits the developer to maintain certain public improvements such as landscaping, lighting and public access areas. The Stormwater Treatment Maintenance Measures Agreement commits the developer to construct and maintain permanent stormwater treatment measures on-site. The owners' engineer has completed the parcel map, improvement plans, and specifications in accordance with the Redwood City Ordinances, engineering standards, and to the satisfaction of the City Engineer. Improvements include new and wider