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fund to help things thrive; and, bicycle network improvements to help keep cars off the streets. One Council Member referred to letters that Council received about traffic impacts and how the city will work with Stanford on the mitigations over time. Mr. Ekern said there are a series of places where they need to address traffic mitigation, which includes areas on Woodside, Broadway, Charter, and Bay. They made recommendations and improvements that will be funded by Stanford if Caltrans will agree to mitigations in the EIR (Environmental Impact Report) when certain parts of the Project trigger the need. Other improvements will be done over the course of the development and Stanford will contribute money into the traffic impact fund. This Council Member spoke in favor of informing the community that the city is and will be proactive in pursuing and focusing on the relationship with Stanford and Caltrans; Mr. Ekern agreed they will do what they can to effectuate this. Council Member Foust, as a Subcommittee Member, said they have been constantly in communication with the community. She spoke of having a proactive communication strategy and noted that Stanford has been out there with the Friendly Acres Neighborhood and the North Fair Oaks Community Council. They have spoken a lot and take things seriously in being clear in developing the development agreement, the Precise Plan, mitigations, and the EIR (Environmental Impact Report), which by nature is heavily monitored. Mr. Ekern introduced Mr. Steve Elliot from Stanford saying that he will share more information on how they have worked collaboratively with Caltrans. Mr. Elliot said that he and his Stanford University team have worked with City Council, Staff, the Planning Commission and community members to bring forward the long-term development plan for this property and it will be a win-win for everyone. He said that since their purchase of the property eight years ago, they have witnessed many changes in terms of Downtown redevelopment, the updated General Plan, and the Downtown Precise Plan that reflects the City's vision, execution, and achievement of various objectives and also creates a legacy which moves the City forward. He spoke about their commitment and investment in this Project, its significant benefits, and he also described the work they have done in reaching out, engaging, partnering, supporting, and becoming part of the Redwood City community. Mr. Larry Horton, Head of Stanford University's Government and Community Relations Office said this plan is special because it (1) marks the first time Stanford has looked outside of its current campus for a permanent location for its essential functions and (2) the reception by this city's leaders for Stanford's desire to become an integral part of Redwood City has been encouraging. He said they have worked with an eye towards community benefits and compatibility with its surroundings. They have developed a five-year plan that will enhance the City's efforts to enhance its business culture, entrepreneurialism, and economic development. CITY COUNCIL September 9, 2013 MEETING MINUTES PAGE 7 MINUTE BOOK NO. 64 Page No. 426