AgdaPkt 2014-04-07 Closed and Regular

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7.1.G. - Page 1 REPORT To the Honorable Mayor and City Council From the City Manager April 7, 2014 SUBJECT Subdivision Final Map - One Marina, Final Phase Condo Map and Associated Agreements RECOMMENDATION 1. By motion, approve the Final Map for 74 condominium units, and accept the dedication of a Public Service Easement and Emergency Access Easement. 2. By motion, approve and authorize execution of an Improvement Agreement with Peninsula Park, LLC. 3. By motion, approve and authorize execution of a Landscape Maintenance Agreement with Peninsula Park, LLC. 4. By motion, approve and authorize execution of a Stormwater Treatment Measures Maintenance Agreement with Peninsula Park, LLC BACKGROUND R.C. Peninsula Park, LLC is the Owner of Record of said real properties located at 650 through 660 Bair Island Road, Redwood City, California. On December 17, 2007, City Council approved the Development Agreement and Precise Plan for the Peninsula Park development project. On July 20, 2010 a Vesting Tentative Map was approved by Planning Commission for a multi-family residential development that will include 231 townhome (condominium) housing units, 10,000 square feet of retail space, and a 200 room hotel. A first 4-lot subdivision was approved on June 13, 2011 to allow construction phasing and a configuration wherein the proposed hotel is committed to a unique parcel and the other three parcels will be configured for future residential subdivision. On September 12, 2011, a Final Map was approved by Council for the second of the original four parcels that was being resubdivided into 56 condominium units and submitted to both the City and the State's Department of Real Estate for approval. On July 9, 2012, a Final Map for this same parcel was approved by Council which resubdivided the second parcel into 60 units instead of 56. On January 28, 2013, a Final Map was approved by Council for the third parcel that was being subdivided into 115 condominium units (Parcels 3A and 3B) and submitted to both the City and the State's Department of Real Estate for Real Estate for approval.