Title
New Residential Development at 355-365, 401 and 415 East Middlefield Road
Recommended Action
1. Approve an Initial Study of Environmental Significance for the 355-365, 401, and 415 East Middlefield Road Residential Project, pursuant to Section 15168 of the California Environmental Quality Act (Attachment 1 to the Council report).
2. Adopt a Resolution Conditionally Approving a Planned Community Permit and Development Review Permit for a Residential Bonus FAR to Construct Two 7-Story Multi-Family Residential Buildings with 427 Units (157 Condominiums and 270 Apartments) with Three Levels of Structured Parking and 36 Four-Story Townhomes with Attached Garages, for a Total of 463 Residential Units, and a Transfer of Development Rights of 10,000 Square Feet from 2535 California Street, 506 Showers Drive, and 350 Showers Drive to 355 East Middlefield Road in Relation to the Los Altos School District TDR Program, and a Heritage Tree Removal Permit to Remove 18 Heritage Trees, to be read in title only, further reading waived (Attachment 2 to the Council report).
3. Adopt a Resolution Conditionally Approving a Vesting Tentative Map to Create Five Residential Lots, Three Common Lots, and Dedication of a New 0.38-Acre Public Park on a 6.0-Acre Project Site Located at 355-365, 401, and 415 East Middlefield Road, to be read in title only, further reading waived (Attachment 3 to the Council report).
4. Adopt a Resolution Ordering the Vacation of Public Easements on 355-365, 401, and 415 East Middlefield Road, to be read in title only, further reading waived (Attachment 4 to the Council report).
5. Provide direction to City Staff on: (a) allocation of proposed community benefit funds; (b) the project's allowance to resell unused LASD TDR square footage; and (c) returning to Council for consideration of an extension to the Transportation Impact Fee exemption deadline.