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HomeMy WebLinkAboutStaff Report 384-06City of Palo Alto Manager’s Rep r TO:HONORABLE CITY COUNCIL FROM: DATE: SUBJECT: CITY MANAGER October 10, 2006 ANNUAL COMPLIANCE DEPARTMENT: PLANNING AND COMMUNITY ENVIRONMENT CMR: 384:06 REVIEW OF 2005 "MAYFIELD" DEVELOPMENT AGREEMENT WITH STANFORD UNIVERSITY This is an information report and no Council action is required. BACKGROUND In May 2005, the City Council entered into a Development Agreement with Stanford University which grants rights to Stanford for certain specified development subject to the limitations and conditions in the agreement. The general terms under the agreement are as follows: Stanford will lease the Mayfield Site at the comer of Page Mill Road and E1 Camino Real to the City for fifty-one years for use by the City as a public soccer complex. The City, in turn, will grant to Stanford the right to demolish and relocate 300,000 square feet of existing office development located at 2450, 2470 and 2500 E1 Camino Real and at 1451, 1501, and 1601 California Avenue and build 250 dwelling units on the redeveloped sites. Stanford will have the right to use the 300,000 square feet and other existing or rebuilt square footage in the Research Park, for office/research and development uses until the agreement expires. Stanford will also be permitted to exceed the floor area ratio currently allowed on certain sites by no more than twenty five percent but cannot increase the total square footage available for non-residential development for the entire Research Park. The City will accept the lease of the Mayfield site as mitigation for any community service impacts on the City resulting from all future development at Stanford that was authorized by the General Use Permit approved by the County of Santa Clara in December of 2000. The City agrees not to reduce the floor area ratio in the Stanford Research Park prior to 2011. CMR:384:06 Page 1 of 6 As part of the Agreement, Stanford is required to submit an annual report to the City on the status of the housing development allowed under the Agreement and any building activity in the Research Park that the Director of Planning and Community Environment can use as part of the City’s annual review to verify Stanford’s compliance with the Agreement. DISCUSSION The July 13, 2006 memo from Stanford Management Company (Attachment A) describes Stanford’s 2005-06 activities related to implementation of the development agreement. These activities include: Approval of one project with an additional 100,000 square feet of floor area in the Stanford Research Park located at 3401 Hillview Avenue. Stanford is entitled to use the remaining 200,000 square feet allowed under the Agreement only when it has sufficiently committed to. building a housing project on the sites made available by the demolition of the office developments at the E1 Camino Real and California Avenue Sites. Attachment B is a table depicting the current status of the development allowed under the Agreement. Boundary changes for the 3401 Hillview Avenue Site. (Please refer to Attachment C for new boundary lines) Stanford is also currently applying for approval of 5,700 square feet of net new square footage at 3412 Hillview Avenue. This application is not proposing and does not require the use of square footage under the terms of the Agreement. After evaluating the information in Stanford’s annual report, the Director of Planning and Community Environment has determined that Stanford University has complied with the terms and conditions of the Development Agreement for fiscal year 2005/2006. ATTACHMENTS A.July 13, 2006 Memo from Jean Snider - Stanford Management Company B.Table of Status of Development under Mayfield Development Agreement C.Site Boundary Change Map PREPARED BY: Roland A. Rivera Planner CMR:384:06 Page 2 of 6 DEPARTMENT HEAD REVIEW: Director of Planning and Community Environment CITY MANAGER APPROVAL:~ ~ EMIEY--HARRISON Assistant City Manager CMR:384:06 Page 3 of 6 Attachment A Attachment A STANFORD MANAGEMEN.T COMPANY July 13, 2006 Mr. Steve Emslie Director of Planning and Community Environment City of Palo Alto 250 Hamilton Avenue Palo Alto, CA 94301 HAND DELIVERED Dear Steve: Pursuant to Section 10.1 of the Development Agreement (the "Agreement") dated May 24, 2005 between The Board of Trustees of the Leland Stanford Junior University ("Stanford") and the City of Palo Alto ("City"), Stanford is required to submit a brief annual reporton the status of the Housing, as that term is defined in the Agreement, and building activity in the Stanford Research Park. In the order specified in the Agreement, the building activity that has occurred in the past year includes the following: (i) additional square footage approved and/or built in the Research Park." The.City has approved one project in the Stanford Research Park that has utilized additional square footage. This project - 3401 Hillview Avenue - is a Designated Project and Site under the Agreement. The site was approved for 430,000 square feet of Gross Floor Area in August of 2005. On April 27, 2006, Stanford officially designated 100,000 square feet of the project as Replacement Square Footage and 330,000 square feet as Associated Square Footage. The site was formerly improved with 330,000 square feet ofRoelie Bioscienee facilities. (ii) any changes in Site boundaries with a map indicating the changes: Site boundaries changed for the 3401 Hillview Avenue project. Please see attached map for new boundary lines. (iii) Replacement Square Footage built and Associated Square Footage used during the previous year and since theEffective Date: 100,000 square feet of Replacement Square Footage and 330,000 square feet of Associated Square Footage have been approved in the last year and since the Effective Date, both related to the 3401 Hillview project. No ¯ Replacement or Associated Square Footage has been officially constructed or used to date, however, the 3401 Hillview Avenue project is currently under construction. 2770 SAND HILL ROAD MENLO PARK, CA 94.025 I’H ¯ 650/926-0200 Attachment B OO 0 o 0 00000 .~, 0 0 0 0 0 0 =EEEooo ,~oo00o0 ~ooWW~ ~~o0o ~0 Attachment C Site Boundary Changes Former Parcel Boundaries for 3401 Hillview Avenue APN: 142-16-080 and 142-16-073 Current Parcel Boundaries for 3401 Hillview Avenue APN: 142-16- 081, 142-16-082, 142-16-083, and 142-16-084 CMR:384:06 Page 6 of 6