RecDoc 2013-166544 - Laserfiche WebLink

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Contribution and/or to study, implement and provide other infrastructure improvements and programs designed to promote sustainable neighborhoods and communities in Redwood City. The City shall be responsible for determining the appropriate use of the funds (consistent with the uses of such funds described in this Section 3.3.2). The combined cost of City studies funded with the Community Sustainability Fund Contribution shall not exceed 15 percent of the total Community Sustainability Fund Contribution. 3.4 Bicycle System Improvements. Developer shall contribute $450,000 toward the cost of bicycle lane improvements to provide transportation demand management ("TDM") linkages between the Property and downtown, the Caltrain station and Middlefield Road, which links the Project to cities to the south (the "Bicycle Contribution"). Commencing on the second anniversary of the Effective Date, the Bicycle Contribution shall be increased annually based on increases in the ENR Index over the prior one-year period. 3.4.1 Payment. Except as otherwise provided in Section 1.3.2 above, Developer shall pay the Bicycle Contribution to City in full prior to building permit issuance for any Net New Development. 3.4.2 Use of Funds. The City, in consultation with Developer, will select the specific linkages and improvements that the Bicycle Contribution will fund, which linkages may include: (a) Broadway through the Property to Charter Street to connect to the City's existing and planned bike lanes; (b) Bay Road from Marshall Street/Beech Street to Marsh Road; (c) Middlefield Road from Hurlingame Road to Encina Avenue at the City of Atherton border; (d) Douglas Avenue and 2nd Avenue from Broadway to Middlefield Road; and (e) 5�'Avenue from Rolison Road to El Camino Road. 3.4.3 Notice Regarding TDM Program. The Precise Plan includes TDM requirements, including property owner obligations, which remain in effect following Project build out, for the period beginning on the Effective Date and terminating at the earliest of the following dates: (i) as to an individual block, when the block has been developed pursuant to the Precise Plan, and then has undergone a subsequent City-approved Comprehensive Reconstruction; (ii) as to the Property as a whole, when the Project has been developed pursuant to the Precise Plan, and then the Property has undergone a subsequent City-approved Comprehensive Reconstruction; or (iii) 51 years following the Effective Date. For the purposes of this Agreement, "Comprehensive Reconstruction" means that at least 50°Io of the building space on the applicable block or 50°Io or more of the Property has been demolished and replaced with new building space or landscaping. 3.5 Bus Shelter Improvements. Developer shall contribute $100,000 to fund improvements to existing bus stops, including benches and shelters, within a one-half mile radius of the 22 ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT REV: OS-14-13 PT