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INTRODUCTION The following is an overview of the purpose of this document and the categories of information it contains. In 2011,the State of California adopted legislation (AB 26) to dissolve local redevelopment agencies. This legislation,and subsequent clarifying legislation (AB 1484 and SB 107),is referred to as the Redevelopment Dissolution Statutes.The statutes provide for the payment of funds previously held by the former Redwood City Redevelopment Agency to the taxing entities that would have otherwise received property taxes if the redevelopment agency were not created.The Statutes also govern the disposition of real property assets the Redevelopment Agency acquired for redevelopment purposes. Pursuant to the Redevelopment Dissolution Statutes the disposition of redevelopment parcels and property interests may be governed by a Long Range Property Management Plan.The City's Successor Agency to the former Redevelopment Agency is required to prepare and adopt such a plan,which then must be adopted by the Oversight Board and approved by the State Department of Finance.This document is the Long Range Property Management Plan (LRPMP) for the Redwood City Successor Agency("Successor Agency")prepared pursuant to Health and Safety Code Section 34191.5. The Successor Agency is required to submit a LRPMP to the State Department of Finance (DOF)within six months of receiving a Finding of Completion,and following two Due Diligence Reviews of redevelopment assets to identify funds that DOF has determined must be transferred to affected taxing entities.The Due Diligence Reviews have been completed and the State DOF issued a Finding of Completion dated December 10, 2015.The resulting deadline for submittal of the LRPMP is June 10, 2016. This LRPMP was prepared consistent with the requirements of the Dissolution Statutes including Section 34191.5 of the Health&Safety Code,which sets forth the required content of the Plan. The Plan must include two major categories of information: 1)an inventory of all of the property interests held by the Successor Agency,and 2)the proposed plan for the disposition of the properties. The required information for each of the parcels in Part 1 includes: • Date of acquisition • The value of the property at date of acquisition • An estimate of the current property value • Purpose of the acquisition • Parcel data including: address,size,current zoning and General Plan land use designations • Estimate of lease or rental revenues from the properties and contractual disposition of the revenues • History of any environmental contamination and any remediation activities • Potential for transit oriented development and advancement of the planning objectives for the property by the Successor Agency • History of previous development proposals and any rental or lease activity Part 2 of the plan includes required information about the intended disposition of the property interests. Permissible uses pursuant to Health &Safety Code Section 34191.5 (c) (2) include: • Retention of property for governmental use • Retention of property for future development • Sale of the property • Use of the property to fulfill an enforceable obligation 5-4-16 3