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Staff Report

Foster City City Council
July 20, 2026

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Staff Report
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July 20, 2026
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DATE: July 20, 2026
TO: Mayor and Members of the City Council

VIA: Stefan Chatwin, City Manager
Sofia Mangalam, Deputy City Manager

FROM: Thai-Chau Le, Interim Community Development Director

DEPARTMENT: Community Development

SUBJECT: UPDATE ON HOUSING ELEMENT 2023-2031 PROGRAM H-D-2-

A POTENTIAL RE-USE OF COMMERCIAL SITES

RECOMMENDATION

It is recommended that the City Council, by Minute Order, receive and accept an update on the Housing Element 2023-2031 Program H-D-2-a, Potential Re-Use of Commercial Sites.

EXECUTIVE SUMMARY

The City’s Housing Element includes implementation programs with established timeframes. Housing Element Program H-D-2-a, Potential Re-Use of Commercial Sites (“Program”), among other provisions, requires the City to re-evaluate the land use designation of neighborhood shopping centers and other commercial sites on a biannual basis, beginning in 2026.

This staff report presents an update on the Program by evaluating the City’s commercial retail, office and hotel areas using the findings from Update #1 of the Real Estate Economic Market Analysis prepared by Kosmont Companies, the City’s real estate and economic consultant.

BACKGROUND

The Housing Element is an integral part of the Foster City General Plan that identifies the community’s housing needs, states the community’s goals and objectives regarding housing production, rehabilitation, preservation, and conservation to meet those needs, and defines the policies and programs. The chapter containing Housing Goals, Policies, and Programs forms the housing policy roadmap for the city and describes the implementation measures that the city needs to undertake in the planning period 2023-

31. The Housing Element Programs include the City’s commitment to timeframes for implementation. The Annual Progress Report (APR), a report on progress in implementing these programs, is sent to the California Department of Housing and Community Development (HCD) and the Governor’s Office of Land Use and Planning (LCI) by April 1 of each year. On February 19, 2026, the Planning Commission approved Resolution No.

P-01-26 recommending the City Council’s acceptance of the APR for 2025. On March 2, 2026, the City Council, by Minute Order, received and accepted the 2025 APR.

The Housing Element Program relevant to this staff report is:

H-D-2-a Potential Re-Use of Commercial Sites. The City will reevaluate the land use
designations for the City's neighborhood shopping centers or other commercial sites biannually beginning in 2026 or 1) if approvals of a development trigger the “no net loss” requirements; 2) if the owner initiates redevelopment of a commercial site, or 3) any of the commercial activities become not viable. If residential or mixed- use developments are considered, criteria for determining the appropriate housing types include:
(1) The type of street (major, collector, etc.) which would provide access to the site and levels of service on the street in the morning and afternoon peak hours. (2) Availability of public services and facilities such as infrastructure (water, sewer, etc.), school capacity, parks and open space.
(3) The ability of the project to provide landscaping for parking areas, facade modulation orientation of buildings which would ensure privacy for, and minimize impacts on, and adjacent single-family homes, and reduce the perception of density in a multi-family project.
(4) Potential to provide housing for employees.
(5) The ability of the project to provide neighborhood serving commercial uses. (6) Potential to provide waterfront amenities and/or waterfront commercial uses. (7) Maintaining a Sites Inventory that can accommodate the RHNA.

Responsible Agency: Community Development Department, Planning Commission, City Council
Timeframe: Rezone 1010 Metro Center Boulevard by December 2023; Biannual review and report to Planning Commission and City Council with first report and

adoption of accompanying general plan amendments and/or zoning actions by July 2026, or sooner if circumstances require as outlined above.

Performance Metric(s): Change zoning designation on 1010 Metro Center Boulevard to allow redevelopment with mixed use to achieve at least minimum capacity of 111 units by December 2023. Proactively reach out to at least two commercial site owners per year to discuss options to add or redevelop with housing
Funding Source: General Plan Maintenance Fund
Geographic Targeting: Promote programs to expand housing choices adjacent to single-family areas.

Program contains multiple implementation provisions addressing the potential reuse of commercial sites. Since the adoption of the Housing Element, staff has taken action to implement several of these provisions, including rezoning of 1010 Metro Center Blvd to allow mixed use and conducting proactive annual outreach to at least two (2) commercial property owners to discuss opportunities for the addition of housing or redevelopment with housing.

The Program also requires the City to re-evaluate the land use designations of neighborhood shopping centers and other commercial sites on a biannual basis beginning in 2026. This staff report presents an update on the Program, including evaluation of the City’s commercial retail, office and hotel areas. Staff is also presenting the update to the Planning Commission on July 16, 2026, in accordance with the Program requirements.

Housing Element 2023-2031 Program H-D-2-a
As noted above, the intent of the Program is to give the City an opportunity to evaluate the viability of existing commercial sites for commercial uses and whether some may be appropriate for residential or mixed-use development during the full implementation period of Housing Element Cycle 6. The Program establishes an ongoing process of site evaluation, property owner outreach, and periodic review by the Planning Commission and City Council, with General Plan amendments and rezoning actions, if applicable.

The Program is multi-fold and the following actions are required:

1. Reevaluate the land use designations for City’s neighborhood shopping centers or other commercial sites biannually beginning in 2026 and when the conditions below are applicable:
a. if approvals of a development trigger the “no net loss” requirements; or b. if the owner initiates redevelopment of a commercial site; or c. if any of the commercial activities become not viable.

2. If residential or mixed-use developments are considered, use the criteria for determining the appropriate housing type for the subject site.

3. Rezone 1010 Metro Center Boulevard by December 2023. Specifically, the requirement is to change zoning designation on 1010 Metro Center Boulevard to

allow redevelopment with mixed use to achieve at least minimum capacity of 111 units.

4. Proactively reach out to at least two commercial site owners per year to discuss options to add or redevelop with housing.

It shall be noted that the Program does not require automatic redesignation or rezoning of commercial sites, rather, it calls for reevaluations and then implementation actions where supported.

As noted earlier, staff has taken action to implement certain provisions of the Program.

For more details, please refer to the complete APRs:
 2023: APR reported and approved by City Council on March 4, 2024.  2024: APR reported and approved by City Council on March 17, 2025.  2025: APR reported and approved by City Council on March 2, 2026.

This report focuses on reevaluating the land use designations of the neighborhood shopping centers and other commercial sites to analyze ongoing commercial viability (Item 1.c noted above). Staff has used the General Plan Land Use Category and Municipal Code Zoning Districts to identify numerous commercial sites in Foster City (refer to Table 1 and Commercial and Industrial Uses in the figure below). Please refer to Attachment 1 for a detailed explanation of the various land use categories and zoning districts.

As previously stated, the overarching goal of the Program is to encourage housing as part of new developments or redevelopments. Specifically, the Program aims to reevaluate land use designations of existing neighborhood shopping centers or other commercial sites to consider if future redevelopment could be paired with housing opportunities.

Therefore, this report focuses on the evaluation of the Commercial Retail, Commercial Office, and Commercial Hotel categories noted above.

Fig. 1 Map of Commercial and Industrial Uses in the City (prepared by staff)

It should also be noted that standards for what is to be considered “not viable commercial” were not established in the Housing Element. For the purpose of this report, staff relied on the analysis prepared by Kosmont.

Table 1. Commercial Uses, General Plan Designations and Zoning Districts Site
#
Existing
Conditions
Descriptions
General Plan
Land Use
Category
Designation
Zoning District Current Type of Non-Residential Use
Commercial Retail
1 Edgewater Shopping
Center
Neighborhood
Commercial
C-2/PD
(General
Business/Planned
Development)
Neighborhood Shopping Center
2 Metro Center (the
Marketplace)
Town Center
Commercial C-2/PD Neighborhood Shopping Center
3 Beach Park Plaza Neighborhood
Commercial
C-1
(Neighborhood
Business District)
Neighborhood Shopping Center

4 Marlin Cove Neighborhood
Commercial
C-M/PD
(Commercial
Mix/Planned
Development)
Neighborhood Shopping Center
5 Costco Town Center
Commercial C-2/PD Specialty Commercial Center
6 Beach Park and E.

Hillsdale Blvd
Services:

1241, 1261, 1285,
1289, 1291 E.

Hillsdale Blvd
1970, 1950, 1940,
1998 Beach Park
Service
Commercial
C-O (Commercial
Office) and C-
M/PD
Other – Medical, daycares, schools,
and other general commercial retail
services
7 880 E Hillsdale Blvd Service
Commercial
C-A (Commercial
Automobile
Repair and
Service)
Other – Gas station
9 Triton Area Service
Commercial C-M/PD and C-A Other – Mixed
10 Foster Square Civic Center
Mixed Use C-M/PD/SHO Other – Mixed
15 1010 Metro Center
(former OSH)
Town Center
Commercial C-2/PD Other – Vacant
21 1221 E. Hillsdale Service
Commercial C-M/PD Industrial – Storage
25 Metro and Shell
Retail
Town Center
Commercial C-2/PD Other – Mixed retail
26 Chess Commercial Research/Office
Park C-M/PD Other – Mixed retail
Commercial Office
8 Metro Center
(General)
Town Center
Commercial C-2/PD Other – Office
12 Parkside Tower,
Century Plaza
Town Center
Commercial C-2/PD Other – Office, R&D
Commercial Hotel
23 Hotel (vacant) Town Center
Commercial C-2/PD Hotel (no development)
24 Courtyard by
Marriott Hotel
Town Center
Commercial C-2/PD Hotel
27 TownePlace Suites
by Marriott
Research/Office
Park C-M/PD Hotel

28 Crowne Plaza Hotel Research/Office
Park C-M/PD Hotel
R&D (Not part of this report)
11 Gilead Integrated
Campus
Research/Office
Park C-M/PD Other – Mixed, office and R&D
16 Bayside Tower Research/Office
Park C-M/PD R&D
17 Lincoln Area Research/Office
Park C-M/PD R&D
18 Chess-Hatch Gilead
Expanded Campus
Chess/Hatch
Office Research C-M/PD R&D
Industrial (Not part of this report)
19 Hatch and Chess
Industrial areas (1) Light Industrial
M-1/PD (Light
Industrial/Planned
Development)
Industrial
20 Hatch and Chess
Industrial areas (2)
Research/Office
Park C-M/PD Industrial, R&D
Other (Not part of this report)
13 Gateway Drive Town Center
Commercial C-2/PD Other – Parking Lot
14 Golf Course Research/Office
Park C-M/PD Other – Recreation
22 Beach Park
Recreational Space
Waterfront
Commercial N/A Other – Recreation commercial

2026 Real Estate Economic Market Analysis by Kosmont
On September 22, 2025, the City of Foster City initiated a Request for Proposals (RFP) to conduct a Citywide Real Estate Economic Market Analysis (“Market Analysis”) to provide the City with a clear, data-driven understanding of current and emerging real estate and economic conditions in response to changing market dynamics, evolving demographic trends, and long-term development pressures. The scope of the Analysis includes five (5) main components:

1. Citywide Real Estate Economic Market Assessment

2. Population and Psychographic Analysis

3. Identify Future Economic Development Needs

4. City Council Engagement and Review Process

5. Stakeholder and Community Engagement

One of the tasks is to identify underutilized parcels, and research commercial and residential land values to inform assessment of redevelopment potential.

On April 20, 2026, the City Council by Minute Order, received and accepted Update #1, including Citywide Real Estate Economic Market Assessment and Population and Psychographic Analysis.

The information and data received from the Market Analysis were used in this report to assist with determining viability of certain sites in the City for the purpose of the Program.

Refer to Attachment 2 for the complete Update #1 presented by Kosmont.

ANALYSIS

Review of Commercial Retail Sites
Per Kosmont, Foster City currently claims a total inventory of approximately 616,827 square feet (SF) of leasable retail space (see page 38 of Attachment 2).

Out of this, approximately 297,700 SF of the City’s retail area falls within a shopping center (84% of which is in a neighborhood center, while 16% are strip centers). Out of the commercial areas identified above in Table 1, about seven (7) sites have primary retail components within the commercial sites. These sites are:
 Edgewater Place Shopping Center
 Metro Center
 Beach Park Plaza
 Marlin Cove
 Triton
 Foster Square
 Costco

Kosmont used a variety of indicators to evaluate the health of commercial retail sites in Foster City, including:
 Vacancy Rate: Vacancy Rate is the percentage of a shopping center’s leasable retail space that is vacant and available for occupancy. It is one of the most useful indicators of shopping center performance. Generally, sustained low vacancy indicates strong tenant demand and commercial viability while persistent vacancy indicates leasing challenges and changing market conditions.

Kosmont reviewed Foster City’s retail market over the years (page 40 of Attachment 2) and also compared it with a sub-market (3-mile radius) and San Mateo County (page 39-40 Attachment 2).

Per Kosmont, Foster City’s retail vacancy rate of 17% is higher compared to the submarket which is at 7.9% and the County at 4.8%. The retail market history for Foster City from 2013-2025 shows that the retail vacancy rate jumped from 13.7% in 2019 to around 16–18% from 2020 onward and has dipped to 17% in 2025, supported by positive net absorption.

It should be noted that the inventory for retail in the City is dependent on only a few sites. If a large site like the former Orchard Supply store were to be filled, it would bring the vacancy rate down to 7%.

 Market Asking Rent Per Square Foot (PSF): Market asking rent PSF is the rental rate at which available commercial space is being offered to tenants based on per-square-foot basis. It is an indicator of landlords’ pricing expectations and prevailing market conditions.

Foster City’s reported asking rent of $41.63 PSF is higher than both the submarket rate of $38.43 PSF and broader County rate of $38.57 PSF (page 39 Attachment 2). Kosmont noted that retail rents are high.

 Annual Sales Tax Revenue: Annual sales tax revenue represents the amount of sales tax generated over a one-year period from taxable transactions or sales activity.

Kosmont included the following findings for various shopping centers in the City (page 81, Attachment 2):
o Foster Square retail has seen most growth due to its slow lease up after completion in 2020.
o Metro Center also showed solid growth in taxable sales (up 42%). o The data shows that Marlin Cove and Edgewater have very low taxable sales due to grocery anchors and personal services.
o Triton shows extremely high sales typically associated with fast food / drive thru establishments.
o The other centers showed minimal growth over the period

Additionally, Kosmont noted that Citywide retail sales have grown 20% (e.g. 4% per year keeping up with inflation) between the period of 2016-2024 (see Page 80 of Attachment 2).

 Taxable Sales PSF: Taxable sales PSF measures how much taxable sales activity is generated relative to the size of retail space. A higher taxable sales PSF generally indicates stronger sales productivity. However, it should be noted that only a portion of grocery sales are taxable and personal services are non-taxable.

Kosmont included the following findings pertaining to 2025 Taxable Sales PSF (page 82, Attachment 2):
 Marlin Cove and Edgewater have very low taxable sales due to grocery anchors and personal service tenants, while Triton shows extremely high sales typically associated with fast food / drive thru establishments.

 Visitation Trends: Kosmont utilized Placer.ai, a mobility data provider that tracks daily movement via anonymized mobile app data, to analyze resident and visitor spending/travel patterns for the past seven (7) years.

Table 2. Kosmont's Visitation Trends Data
Note: 1. Safeway located within The Marketplace at Metro Center; 2. Osaka Marketplace located within Edgewater Place.

Osaka Marketplace replaced Lucky Supermarket in Dec. 2025; and 3. 99 Ranch Market located within Marlin Cove

 Kosmont noted that Metro Center, Costco and Edgewater Place generate substantial visitation and attract a significant number of out-of-market visitors.
 Almost 400,000 unique non-Foster City residents visited Costco and Metro Center in the past 12 mos.

Review of Commercial Office Sites
Per Kosmont, Foster City currently includes a total inventory of approximately 4,124,000 square feet of office space. For evaluation of office commercial areas, Kosmont used market asking rent PSF and vacancy rate.
 Vacancy Rate:

Kosmont included the following finding pertaining to Office Commercial Area:
o Foster City’s Q4 2025 office vacancy rate at 15.2% is lower compared to the submarket which is at 20.2% and the County at 18.2% (page 42, Attachment 2).
o The office market was affected by the pandemic with vacancy increasing to approximately 15%, but much lower than neighboring areas (page 7, Attachment 2).

Staff would like to note that there has been substantial leasing activity in 2025-2026 and these new commitments are expected to further reduce the vacancy rate going forward.

Kosmont provided a detailed inventory of office buildings and their respective vacancy rates. Within that inventory, two (2) buildings exhibit high vacancy levels, including 1065 E Hillsdale (90% vacancy) and 101 Lincoln Center (95.2%). Staff researched further and finds that the circumstances of the two (2) properties differ.  101 Lincoln Center recently became vacant, and the owner has submitted an application for site modifications/updates.
 1065 E Hillsdale has experienced vacancy challenges for several years (further information provided below).

1065 E. Hillsdale Blvd
On December 9, 2021, Divco West, submitted a General Development Plan (GDP) amendment (RZ2021-0006) and associated Use Permit (UP2021-0043) application to allow the conversion of up to 75% of the existing office building to Research & Development (R&D) (approximately 87,000 square feet of the 115,629 square foot office

building) at Century Plaza located at 1065 E. Hillsdale Boulevard. As part of the submittal, a narrative from property management was provided indicating that the existing office site had a chronic vacancy issue. The staff report also noted that, “Century Plaza is only 67% leased and since 2014 has averaged an 83% occupancy rate.” The applicant requested a GDP amendment to allow flexibility to convert some of the office space to compatible R&D.

Subsequently, GDP and Use Permit requests were approved by the City. Furthermore, in 2022, the applicant also proposed a GDP amendment and Use Permit request to allow a new, approximately 5,200 square-foot, stand-alone outdoor pavilion structure featuring restaurant/retail tenant spaces, outdoor seating, and restrooms, primarily as an ancillary amenity to the existing Century Plaza office use, and removal of 27 parking stalls.

The project received the required approvals for both the R&D and outdoor pavilion structure; however, the approved developments were never implemented. There is currently a Building Permit application for the outdoor pavilion, but the Use Permit approval for conversion of office to R&D is no longer valid.

Land Use Designation
The General Plan Land Use Category for the 1065 E Hillsdale Blvd site is Town Center Commercial (last updated through Resolution No. 2022-138 on December 5, 2022). The planned uses under this designation in the General Plan are:

This designation is reserved for the area located northwest of East Hillsdale Boulevard, bounded by Foster City Boulevard to the north and State Route 92 to the west. The area includes a 100 -acre development known as Metro Center, in addition to Parkside Towers and other office developments. The Town Center area is intended to serve as Foster City’s downtown core and allows for a mix of uses, including residential, commercial office, retail, service and compatible research and development (R&D). R&D uses are considered compatible with this designation if project design (i.e., site planning, architecture, and landscape architecture) is consistent with nearby uses and functional or operational characteristics of a hazardous or nuisance nature can be mitigated or reduced to an acceptable level through design control. Generally, R&D covers facilities for industrial, scientific, or technological research, product design, prototype production, development, and testing. The highest intensity uses in the City would be allowed, with Floor Area Ratios (FAR) for office/R&D developments ranging from .55 to 2.0 FAR. Town Center office developments located outside Metro Center, have lower FARs which range from 0.18 to 1.5 FAR. Residential developments range from Cityhomes townhouses at 15 units per acre to Metro Senior Apartments at 60 units per acre.

Staff Comments: Based on the General Plan land use designation described above, the current General Plan land use designation allows for residential among other allowable uses.

Zoning
The subject site is located within the General Business/Planned Development (C-2/PD) zoning district, which, as described in the City’s Municipal Code, allows as permitted uses retail stores and service establishments that supply commodities or provide services primarily to meet the needs of residents of the community. The permitted uses on the subject site were approved as part of the GDP approved via Ordinance No. 662, which state the following:

The C-2/PD (General Business/Planned Development) zoning of the 5.135-acre parcel at the northwest corner of Foster City Boulevard and 1065 East Hillsdale Boulevard (APN 094-512-080) is herewith limited and specified to allow development of 115,436 sq. ft. gross floor area) of four-story commercial office use, with the option of up to approximately 87,000 sq.ft. of the 115,436 sq. ft. (gross floor area) to be Research and Development (R&D), and/or office uses on floors one (1) through four (4) at the Century Plaza with 5,200 sq. ft. (gross floor area) of single- story restaurant/retail tenant spaces with 327 parking spaces all in accordance with the plans on file in the Planning Division of the Community Development Department.

Staff Comments: At its current state, the C-2/PD Zoning District permits office uses, with the portion of that space to be R&D, and a restaurant/retail tenant space. Uses for residential or residential mixed-use would require an amendment to GDP.

Review of Commercial Hotel Sites
Foster City has three (3) hotels totaling 621 rooms, including Crowne Plaza at 1221 Chess Drive, Courtyard by Marriott at 550 Shell Blvd, and TownePlace Suites by Marriott at 1299 Chess Drive.

For the hotel market, Kosmont included demand analysis in a 3-mile radius for years 2018- 2026, including various indicators such as average occupancy, average daily rate (ADR), annual supply of room nights, change in occupied room nights, revenue per available room (RevPAR) and change in RevPAR.
 Average occupancy is percentage of available room nights that were sold and this indicates how much of the existing hotel supply is being absorbed by demand.  ADR is average room revenue earned per occupied room and it indicates what guests/patrons are paying for occupied rooms.
 Annual supply of room nights is total number of room nights available for sale during the year and it measures the overall capacity of the hotel market.  Change in occupied room nights in increase or decrease in the number of room nights actually sold and it shows whether the underlying demand is growing or declining.
 RevPAR is room revenue generated per available room, whether occupied or not.

 Change in RevPAR is percentage increase or decrease in RevPAR overtime and it shows whether overall hotel revenue performance is strengthening or weakening.

Kosmont included the following findings pertaining to the Hospitality sector (pages 54-59, Attachment 2):
 Within a 3-mile radius from Foster City Hall, there are a total of 18 existing operational hotels, 14 of which are chain or franchise hotels (totaling 2,446 rooms) and 4 are independently operated (totaling 149 rooms). The total number of rooms within a 3-mile radius is 2,595 rooms. There are three hotels with 621 rooms in the City.
 94% of rooms within the 3-mile radius fall within chain/franchise hotels (2,446 rooms in 14 hotels), while 6% are within hotels that operate independently (149 rooms in six hotels). Of the total 2,595 rooms in the radius, 14% are economy class (377 rooms), 10% midscale (259 rooms), 12% upper midscale (302 rooms), 48% upscale (1,236 rooms), and 16% upper upscale (421 rooms). There are no luxury hotels currently operating in this submarket.
 ADR and occupancy remain significantly below pre-Covid levels, indicating challenges to new hotel development
 Hotel market within a 3-mile radius has not fully recovered from pandemic-related declines in occupancy and average daily room rates (ADR), making new development challenging. However, current hotels in the City have exceeded pre- pandemic performance levels (page 7, Attachment 2).

Based on Kosmont’s finding that a new hotel development in the City may be challenging, staff would like to note the vacant site at the corner of Shell Blvd and Metro Center Blvd, which was approved for a hotel in 2022 (further information below).

Vacant Site at the corner of Shell Blvd and Metro Center Blvd (#23 in Table 1 above)

This vacant and undeveloped parcel located at the corner of Shell Blvd and Metro Center Blvd (Site #23 in Table 1 above) was approved for a new, approximately 83,187 square- foot, seven (7)-story, limited-service (business-oriented) hotel in 2021. However, the applicant was unable to get a financing commitment and the Use Permit for the site has expired.

Land Use Designation
Similar to the 1065 E. Hillsdale Blvd site, the General Plan Land Use Category is Town Center Commercial which allows for a mix of stores, restaurants, offices, hotels, housing, compatible R&D, and civic uses in a walkable, mixed-use environment.

Staff Comments: Based on the General Plan land use designation described above, the current General Plan land use designation allows for residential among other allowable uses.

Zoning
The vacant site is zoned C-2/PD and is located within the 100-acre Metro Center General Development Plan (GDP). The site was rezoned in 2021 under Ordinance No. 637 to amend the Metro Center GDP to allow development of a hotel. Subsequently, the Metro Center GDP was amended under the Ordinance No. 665 within the broader Metro Center while continuing to designate the subject site for hotel use.

At its current state, the zoning district only allows hotel use for the specific site.

Staff Comments: A residential or residential mixed-use use would require an amendment to GDP.

This report fulfills the first biannual review required under the Housing Element Program H-D-2-a by evaluating the City’s commercial retail, office, and hotel areas. As part of the Housing Element’s mid-cycle review (required per Housing Element Program H-D-1- a), staff will include the 1065 E. Hillsdale Blvd site and the vacant hotel site at Shell Blvd and Metro Center Blvd for continued evaluation to determine whether future land use and zoning amendments may be appropriate.

California Environmental Quality Act
This action is exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) (general rule for projects that have no direct or reasonably foreseeably indirect physical change to the environment).

FISCAL IMPACT
There is no fiscal impact associated with receiving this informational update.

CITY COUNCIL VISION, MISSION, AND VALUE/PRIORITY AREA
Smart Planning, Development, and the Local Economy

ATTACHMENTS:

Attachment 1 – General Plan Land Use Category and Zoning District Background Attachment 2 – Draft Real Estate Economic Market Analysis - Data

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