One of the largest land development proposals in Menlo Park history will be the sole item of regular business on the agenda for Menlo Park's City Council at its meeting Tuesday, April 6.
The council is expected to weigh in on a "term sheet" negotiated between the city and the Bohannon Development Co., outlining the conditions under which a development proposal for three eight-story office buildings and a 230-room hotel near Bayfront Expressway and Marsh Road would be allowed to proceed.
In exchange for major zoning concessions, the Bohannon company has agreed to completely offset the greenhouse gas emissions of the buildings, to reduce vehicle trips to and from the site by 17 percent, to guarantee a certain amount of tax revenue for the city, and to provide a flat payment of $1 million, among other things.
The council may decide whether to proceed with the approval process, or to renegotiate terms with the Bohannon company.
The city has also released a final environmental impact report, revising sections of the report and responding to comments from residents and regional agencies.
Click here to view the list of terms.
The council meeting will begin at 5:30 p.m. in the council chambers in the Civic Center complex, with a 90-minute presentation on the project. The regular meeting will start at 7 p.m.