This Section 18.40.200 adopts the citywide cap on office/R&D development that appears in Policy L-1.10 of the City of Palo Alto Comprehensive Plan 2030 pursuant to the Palo Alto Reduced Office/R&D Development Cap Initiative:
Cap new square feet of office/R&D development citywide at 850,000 square feet, exempting medical office uses in the Stanford University Medical Center (SUMC) vicinity. Use January 1, 2015 as the baseline and monitor development towards the cap on an annual basis. Continue to exempt medical, governmental and institutional uses from the cap on office/R&D development; no other exemptions are allowed.
Notwithstanding anything in this Municipal Code or any other City ordinance or resolution to the contrary, the City shall not approve any non-exempt office/R&D development that would exceed this cap, or add further exemptions to the cap, except to the extent permitted by the Palo Alto Reduced Office/R&D Development Cap Initiative.
Through December 31, 2030, this Section 18.40.220 may not be amended or repealed except by a vote of the people, provided, however, that the Palo Alto City Council may reduce the citywide cap of 850,000 new square feet of office/R&D development without a vote of the people.
(Ord. 5446 § 2, 2018, adopting a citizen initiative)