Reso PC18-03 0017 PC Reso Adopting the Planned Community Permit & Density Bonus-353 Main St.

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RESOLUTION NO. 18-03 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF REDWOOD CITY APPROVING A PLANNED COMMUNITY PERMIT, AFFORDABLE HOUSING PLAN, DENSITY BONUS AND DENSITY BONUS HEIGHT CONCESSION FOR 353 MAIN STREET PURSUANT TO THE CITY OF REDWOOD CITY'S NORTH MAIN STREET PRECISE PLAN AND FINDING THAT SAID APPROVALS ARE EXEMPT FROM THE REQUIREMENTS OF THE CALIFORNIA ENVIRONMENTAL QUALITY ACT WHEREAS, Applicant, ROEM Development, submitted an application for a Planned Community permit ("PC"), affordable housing plan, density bonus and density bonus building height concession for a 7 -story multifamily residential project consisting of 125 units, including 19 below market rate units (7 very -low, 9 low, and 3 moderate) located at 353 Main Street, (the "Project") which is located within the North Main Street Precise Plan area ("NMPP"); and WHEREAS, on September 7, 2017, pursuant to the Administration Section of the NMPP (pg. 25-26), the Architectural Advisory Committee ("AAC") conducted a public hearing on the project and its conformance with the NMPP's Urban Design Guidelines. The AAC requested further refinement and design evaluation and continued the matter to allow the applicant to revise the plans in response to their comments. On October 19, 2017, the AAC held a second public hearing on the project. The AAC recommended that the Planning Commission approve the project as revised, and asked that the project return to the AAC, on consent calendar, forfurther refinement of project details. On November 30, 2017, the AAC held a public hearing and adopted the consent calendar, finding the project revisions to adequately respond to their concerns; and WHEREAS, pursuant to State Density Bonus Law and Redwood City's Affordable Housing Density Bonus regulations (Government Code Section 65915, and Section 32.19 of the Redwood City Zoning Code), the Applicant requested one development standard concession to allow an increased building height beyond that otherwise allowed under the NMPP; and WHEREAS, the Planning Commission of the City of Redwood City is empowered by the Redwood City Municipal Code to act upon applications for Planned Community permits; and WHEREAS, the density bonus height concession would result in cost reductions. Development to current standards would significantly limit the number of units physically possible (considering setbacks, height limitations and other development regulations), thus reducing the potential return on investment, as specified in the applicant's written request for a density bonus and a concession. Further, after adoption of the NMPP, the FEMA requirements have changed and new development is no longer allowed to provide below ground parking. As such, strict ATTY/RESO.0017/PC RESO ADOPTING THE PLANNED COMMUNITY PERMIT & DENSITY BONUS -353 MAIN ST. REV: 03-01-18 PR Page 1 of 25