Ord 2445 - Laserfiche WebLink

Browse Search

05/21/2018 ORDINANCE NO. 2445 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING THE DEVELOPMENT AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND STRADA INVESTMENT GROUP WHEREAS, Strada Investment Group (the "Developer") is the owner of certain real property located at 1548 Maple Street (Assessor Parcel numbers 052-532-010, 052-532-020 & 052-532-030), Redwood City, CA (the "Property"); and WHEREAS, Government Code Section 65864 through 68569.5 provide the statutory authority for development agreements between municipalities and owners of real property; and WHEREAS, the Developer applied for a Development Agreement (the "Development Agreement") to allow for the construction of a development project upon the Property consisting of 131 residential units together with open space, streets, walkways, bay trail improvements and waterfront amenities, in connection with Developer's proposed project at 1548 Maple Street (the "Project"); and WHEREAS, the Development Agreement, among other things, provides for: (a) developer to construct and maintain the Bay Trail and waterfront improvements in connection with the Project; (2) developer to relocate and restore the water tank located on the Property; (3) developer, at its expense, to construct and/or fund the Blomquist extension from Maple Street to Redwood Creek; (4) developer to underground certain utilities; (5) developer to be given a fee credit for certain improvements; and (6) developer and City to enter into an Agreement for Exchange of Real Property to effectuate the Blomquist extension; and WHEREAS, on April 17, 2018, at a duly noticed public hearing, the Planning Commission found that the Development Agreement, including the Agreement for Exchange of Real Property, is consistent with the General Plan and recommended approval of the Development Agreement to the City Council; and WHEREAS, in compliance with the California Environmental Quality Act regulations, on May 7, 2018, the City Council certified the Final Environmental Impact Report for the Project; and WHEREAS, on May 7, 2018, the City Council introduced an Ordinance to amend the Redwood City Zoning Ordinance to rezone the Property from Tidal Plain to Mixed Use Waterfront (the "Rezone Ordinance"). NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DOES HEREBY ORDAIN AS FOLLOWS: ATTY/ORD.467/RC ORD —ADOPTING DEVELOPMENT AGREEMENT ORDINANCE NO. 2445 REV: 04-27-18 PR MUFF NO. 601 Page 1 of 3