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9/I6/96 RESOLUTION NO. 12885 RESOLUTION REGARDING TH~ ENVIRONMENTAL IMPACTS OF THE~ REVISION TO TI4E DEVELOPMENT AGREEMENT FOR THE ELECTRONIC ARTS HEADQUARTERS MASTER PLAN (FLATIRONS FUNDING) WHEREAS, an application was submitted by Electronic Arts Redwood, Inc. as agent for Flatirons Funding, Limited Partnership, for the development of an approximately 45-acre site at the comer of Redwood Shores Parkway and Twin Dolphin Drive ("Project"); and WHEREAS, on July 15, 1996, this City Council approved the Project; and WFIE~REAS, the Project is the subject of a Development Agreement Between the City of Redwood City and Flatirons Funding, Inc., Limited Parmership ("Development Agreement"); and WHEREAS, prior to approving the Project, this City Council considered and adopted the Project EIR (evidenced by Resolution No. 12819), consisting of the Environmental Impact Report for the General Plan Revision for Redwood Peninsula ("Redwood Peninsula ELK") and the Technical Addendum to the Redwood Peninsula ELK prepared for the approvals relating to the Project ("Addendum"); and WHEREAS, this City Council adopted Findings, Facts in Support of Findings and Statement of Overriding Considerations Regarding the Environmental Impact Report for the Electronic Arts Master Plan CCEQA Findings") in conjunction with its approval of the Project; and WHEREAS, the Development Agreement as originally proposed has been revised to limit the height of the buildings on the Project site to 130 feet and to limit the maximum number of stories to eight stories; NOW, 'I'H EREFORE; BE IT RESOLVED BY THE CITY COUNCIL OF TlqE~ CITY OF REDWOOD CITY AS FOLLOWS: Section 1. The foregoing recitals are true and correct. Section 2, This Council hereby finds, declares, and concludes as follows: (a) The revision to the Development Agreement will not create any new significant intpacts on the environment that were not evaluated in the Project 1 DACEQA.DOC#2