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7.1 .D. - Page 2 <br /> sidewalks consistent with the Downtown Precise Plan, new storm drain and water <br /> utilities. <br /> The developer, LMI Redwood City Holdings, LLC, will post bonds in the amount of <br /> $987,167 as required by the Improvement Agreement. The developer anticipates <br /> completion of all improvements in early 2015. All work associated with this project is <br /> being paid for by the developer. <br /> ALTERNATIVES <br /> Council may choose not to approve the parcel map and associated agreements for the <br /> project. <br /> FISCALIMPACT <br /> There is no fiscal impact to Redwood City as a result of this action. <br /> ENVIRONMENTAL REVIEW <br /> The Planning Commission made the findings that the Initial Study prepared for this <br /> Project was completed in compliance with the California Environmental Quality Act and <br /> determined that there is no substantial evidence that the Project would result in new <br /> environmental impacts beyond those previously identified in the Downtown Precise Plan <br /> Program EIR. <br /> �� �.t, - �-� <br /> ,, , �., <br /> SHOBUZ A. IKBAL, P.E. <br /> CITY ENGINEER <br /> �'U��� <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> �� � <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1 . Parcel Map No. 2013-07 <br /> 2. Improvement Agreement <br /> 3. Landscape Maintenance Agreement <br /> 4. Stormwater Treatment Measures Maintenance Agreement <br />