Reso25-12 0126 PC Reso 1320 Marshall Street Project

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ATTY/RESO.0126/PC RESO 1320 MARSHALL STREET PROJECT REV: 12-10-25 VR Page 1 of 7 RESOLUTION NO. 25-12 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF REDWOOD CITY APPROVING AN ARCHITECTURAL PERMIT, TENTATIVE PARCEL MAP, CONDOMINIUM PERMIT, ONE CONCESSION AND TWO WAIVERS PURSUANT TO STATE DENSITY BONUS LAW, AND AN AFFORDABLE HOUSING PLAN FOR THE PROJECT LOCATED AT 1320 MARSHALL STREET, SUBJECT TO CONDITIONS OF APPROVAL; AND DETERMINING THAT THE PROJECT IS EXEMPT FROM CEQA WHEREAS, the applicant, City Ventures (“Applicant”) has submitted an application for an Architectural Permit (AP2025-005), Tentative Parcel Map (TM2025-001), Condominium Permit (CP2025-001), one concession and two waivers subject to the State Density Bonus Law, and an Affordable Housing Plan to demolish an existing single-story office building and construct four 4-story buildings consisting of 32 townhome units which include five deed restricted affordable units (the “Project”) at 1320 Marshall Street (the “Property”); 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, State Density Bonus Law (“SDBL”; 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 developer is entitled to: (a) a specified number of modifications to development regulations that would result in identifiable and actual costs reductions needed to provide affordable housing, known as concessions, and (b) an unlimited number of modifications to development regulations that are needed to physically accommodate the proposed project, known as waivers. If a housing development project is entitled to a density bonus, concessions, and/or waivers, those modifications of local rules cannot be considered a violation of a general plan, zone code, or other local regulation or a basis for denying a project. The City has adopted Redwood City Municipal Code Section 32.19, which implements the Density Bonus law (“Density Bonus Ordinance”); and WHEREAS, pursuant to SDBL (Government Code Section 65915(d)(2)(C)), the Project is entitled to one concession and unlimited waivers, and the Applicant is