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7.3.A. - Page 6 <br /> if fully set forth herein, and therefore, the City's economic support to assist in making <br /> these safety improvements in the community are appropriate and justified; and <br /> WHEREAS, the City Council shall implement a five -year pilot program to promote <br /> compliance with the new requirements of Section 12.18 of the City's Fire Code and the <br /> program shall be called, "City of Redwood City Fire Safety First Pilot Program." <br /> NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of <br /> Redwood City that the City Manager is authorized to implement a five -year pilot program <br /> to promote compliance with the new requirements of Section 12.18 of the City's Fire <br /> Code, as more specifically detailed in Attachment A, the "City of Redwood City Fire <br /> Safety First Pilot Program" (the "Program "); <br /> AND FURTHER, the City Council adopts the Program Loan Documents, which are <br /> the documents required from Borrower as a precondition to the granting of a Program <br /> Loan and shall include a Program Loan Commitment Letter, Loan Agreement, Promissory <br /> Note and Deed of Trust, on forms prepared by and acceptable to the Program Manager <br /> and approved by the City Attorney, and which are attached hereto as Attachment B, and <br /> any other documentation the Program Manager determines to be necessary or beneficial <br /> to the City in ensuring the affordability of rental units, if applicable (collectively, the <br /> "Program Loan Documents "); and <br /> AND FURTHER, that the City Manager is authorized to take any and all actions <br /> necessary to effectuate the purposes of Section 12.18 of the City's Fire Code and the <br /> Program including, but not limited to, making revisions to the Program documents and <br /> the Program Loan Documents, creating or requiring such additional documents as the <br /> City Manager deems necessary or beneficial, and taking all other actions necessary to <br /> effectuate the Program to the extent those actions are not contrary to the specific terms <br /> of the Program as set forth in Attachment A. <br /> AND FURTHER, that this resolution shall not take effect unless and until <br /> Ordinance No. becomes effective. <br /> ATTY /RES0.3085 /CC RESO — RWC SAFETY FIRST PILOT PROGRAM <br /> REV: 07 -22 -15 VR <br /> Page 2 of 2 <br /> OAK #4843 - 0010 -1413 v1 <br />