Reso24-10 0080 PC Reso 590 Veterans & 91 Winslow Project

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ATTY/RESO.0080/PC RESO 590 VETERANS & 91 WINSLOW PROJECT REV: 11-14-24 JB Page 1 of 8 RESOLUTION NO. 24-10 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF REDWOOD CITY FINDING THE 590 VETERANS AND 91 WINSLOW PROJECT TO BE EXEMPT FROM THE REQUIREMENTS OF THE CALIFORNIA ENVIRONMENTAL QUALITY ACT AND APPROVING THE PROJECT INCLUDING AN ARCHITECTURAL PERMIT (AP2021-075), VESTING TENTATIVE MAP (TM2022-01), CONDOMINIUM PERMIT (CP2022-002) DENSITY BONUS WITH ASSOCIATED CONCESSIONS, AND AN AFFORDABLE HOUSING PLAN, ALL SUBJECT TO CONDITIONS OF APPROVAL WHEREAS, the applicant, Wall Street Properties (“Applicant”), on behalf of Veterans Winslow, LLC (“Owner”), has applied for an Architectural Permit (AP2021-072), a Vesting Tentative Map (TM2022-01), a Condominium Permit (CP2022-002), State Density Bonus with associated concessions, and Affordable Housing Plan to construct a 6-story, 95-unit residential development (“Project”) located at 590 Veterans Boulevard and 91 Winslow Street (“Property”); and WHEREAS, the Project has a General Plan Land Use designation of Mixed-Use Corridor Veterans Boulevard (MUC-VB) and Mixed Use Transitional (MUT) and is located within the Mixed Use Corridor – Veteran’s Boulevard (MUC-VB) and Mixed Use Transitional (MUT) Zoning Districts; and WHEREAS, on June 25, 2018, the City Council (“City Council”) of the City of Redwood City (“City”) adopted Ordinance 1130-375, the Affordable Housing Ordinance, set forth in Article 29 of the Redwood City Zoning Code (“Affordable Housing Ordinance”) the purpose of which is to, among others, increase the supply of affordable housing by imposing inclusionary requirements for residential development projects; and WHEREAS, an “affordable housing plan” is required for any residential or nonresidential development project that provides affordable units, either on-site or off- site; and WHEREAS, under the Affordable Housing Ordinance, the City may consider alternatives to the Standards for Affordable Housing, including the alternative percentages and levels of affordability proposed by the applicant; and WHEREAS, the Applicant submitted an Affordable Housing Plan which includes alternative percentages and levels of affordability by providing 15% affordable units for very-low-income households; and WHEREAS, State Density Bonus Law (Government Code 65915 Sections et. seq.) incentivizes the construction of affordable housing by allowing a developer to add additional housing units to a project beyond the zoned capacity and secure other incentives in exchange for a commitment to include deed-restricted affordable units. A