Reso25-05 0090 - PC Reso 1201 Main Street Mixed Use Project

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ATTY/RESO.0090/PC RESO 1201 MAIN STREET MIXED USE PROJECT REV: 08-15-25 VR Page 1 of 32 RESOLUTION NO. 25-05 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF REDWOOD CITY FINDING THE 1201 MAIN STREET PROJECT TO BE EXEMPT FROM THE REQUIREMENTS OF THE CALIFORNIA ENVIRONMENTAL QUALITY ACT AND GRANTING APPROVAL OF AN ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP, USE PERMIT, DENSITY BONUS WITH ASOSICATED WAIVERS AND CONCESSIONS, AND AFFORDABLE HOUSING PLAN FOR THE 1201 MAIN STREET MIXED USE PROJECT WHEREAS, the applicant, MECAH Ventures (“Applicant”) on behalf of Stephen R. Singewald and Patricia A. Singewald (“Owners”) has submitted an application for an Architectural Permit (AP2024-030), Tentative Parcel Map (TM2024-001), Use Permit (UP2024-013), State Density Bonus law with concessions and waivers, and Affordable Housing Plan to construct a six-story mixed use building (the Project), with 96,982 square feet of office and 32 residential units 4 of which are deed restricted affordable units; and WHEREAS, the Project has a General Plan Land Use designation of Mixed Use - Transitional (MUT) and is located within the Mixed Use - Transitional Zoning District; 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, on September 27, 2021, the City Council amended Ordinance 1130- 375 in an effort to create and maintain a jobs/housing balance and to increase affordable housing opportunities for very low to moderate-income residents and very low to moderate income persons employed in the City; 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 4% affordable units for moderate income households, 7% affordable units for low income households, and 4% affordable units for very low income households for a total of 15% affordable units on- site; and