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<br />WHEREAS, the City, District, and RSP desire to extend the term of the <br />Amended Development Agreement to provide for the orderly completion of the <br />RedwL'od Shores Project to September 30,2003; and <br />WHEREAS, pursuant to Government Code sections 65864-65869.5, as the <br />same now exists or hereinafter is amended, a public hearing was held on the proposed <br />Fourth Amendment to Development Agreement. <br />NOW, THEREFORE, THE COUNCIL OF THE CITY OF REDWOOD CITY <br />DOES ORDAIN AS FOLLOWS: <br />Section 1. The Council hereby finds, declares, and concludes as follows: <br />a. The Planning Commission, after a duly noticed public hearing, has <br /> reviewed extending the term of the Amended Development Agreement <br /> and has forwarded its recommendations to this Council. <br />b. This Council held duly noticed public hearings on the proposed Fourth <br /> Amendment to Development Agreement on May 20, 2002 and on June 3, <br /> 2002, at which hearings all persons interested in the matter were heard or <br /> afforded an opportunity to be heard thereon. <br />c. This Council also acting on behalf of the General Improvement District No. <br /> 1-64, has reviewed and considered all relevant information, including the <br /> testimony, both oral and documentary, made and submitted at the public <br /> hearing on the proposed Project, and all other matters deemed material <br /> and relevant to the proposed Project. <br />Section 2. In consideration of the foregoing findings, this Council hereby <br />concludes and declares that the "Sixth Amendment to Development Agreement" by and <br />FAtty/Ord/Ord.182 I11111111111111111111111111111111111111111111111111111I 2øøa-1BB7BB 3 <br /> 07/09/2003 03:29P <br />050803 A3 Page: 11 of 13 <br /> - <br />