OB 16-08 - Laserfiche WebLink

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05/12/2016 WHEREAS , one of the parcels (the "Library Parking Lot") was acquired for, and has continuously been used as, a public parking lot serving the Redwood City Public Library; and WHEREAS, the revenue generated by the Library Parking Lot is less than the cost of required maintenance and operations; and WHEREAS , the two "Culvert Parcels" were acquired for construction and maintenance of a creek culvert and other public purposes, and remain in such use with minimal revenue generated by revocable license agreements; and WHEREAS , the proposed Long Range Property Management Plan provides for the conveyance of the Successor Agency's interests in the five governmental purpose parcels described above to the City of Redwood City for continued governmental and public use; and WHEREAS , the Oversight Board held a public meeting on May 12 , 2016 to consider approval of the Long Range Property Management Plan . NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1 . The recitals set forth above are true and correct and incorporated herein . Section 2. The Oversight Board hereby approves and adopts the Long Range Property Management Plan , attached hereto as Exhibit A and incorporated herein by this reference (the "LRPMP") . Section 3 . The Oversight Board hereby authorizes and directs the Successor Agency to submit the LRPMP to the Department of Finance. Section 4. Upon approval of the LRPMP by the Department of Finance, the Oversight Board hereby authorizes and directs the Successor Agency to undertake such actions and to execute such instruments as may be necessary to implement the LRPMP, including without limitation , the execution , delivery, and recordation of grant deeds, assignments and other instruments as may be necessary to convey the property interests identified in the LRPMP to the City. ATTY/RES0.0042/OB RESO APPROVING LRPMP OB-16-08 REV: 05-05-16 VR Page 2 of 2