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1/14/2008 <br /> ORIGINAL <br /> ORDINANCE NO. 2323 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br /> CITY APPROVING THE DEVELOPMENT AGREEMENT BY AND <br /> BETWEEN THE CITY OF REDWOOD CITY AND R.C. PENINSULA <br /> PARK, LLC FOR THE DEVELOPMENT OF THE PENINSULA PARK <br /> DEVELOPMENT PROJECT <br /> WHEREAS, R.C. Peninsula Park, LLC, a Delaware limited liability company (the <br /> "Developer") is the owner of certain real property located within the City (the "Property"); <br /> and <br /> WHEREAS, Government Code Sections 65864 through 68569.5 provide the <br /> statutory authority for the development agreements between municipalities and owners <br /> of real property; and <br /> WHEREAS, the Developer applied for a Development Agreement to allow for <br /> the construction of a development project upon the Property consisting of up to <br /> approximately 796 residential units, 10,000 rentable square feet of commercial retail <br /> and restaurant space, and a hotel of up to 200 rooms, together with open space, <br /> streets, walkways, waterfront esplanades and ancillary facilities (the "Project"); and <br /> WHEREAS, in compliance with California Environmental Quality Act regulations, <br /> on July 8, 2003 the Planning Commission of the City of Redwood City certified an <br /> Environmental Impact Report for the Marina Shores Village Development; and <br /> WHEREAS, in compliance with California Environmental Quality Act regulations, <br /> on November 13, 2007 the Planning Commission of the City of Redwood City <br /> considered an Addendum to the 2003 Environmental Impact Report for the Marina <br /> Shores Village Project; and <br /> WHEREAS, on December 11, 2007 the Planning Commission of the City of <br /> Redwood City recommended approval of the Draft Development Agreement by and <br /> between R.C. Peninsula Park LLC and the City of Redwood City to the City Council; <br /> and <br /> WHEREAS, on May 24, 2004 the City Council adopted an ordinance to amend <br /> the Strategic General Plan of the City to amend the General Plan designation of <br /> property located at the Peninsula Marina (APN 052-531-020; 052-531-030; 052-531- <br /> 050; 052-531-070; 052-531-100; 052-531-110; 052-531-120) and Bair Island Road <br /> (APN 095-030-090) from Commercial-Office Park to Mixed Use; and <br /> Atty/Ord/Ord.296 2323 <br /> 010708 1 FORMERLY MUFF#613 <br />