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COPY <br />RESOLUTION NO. RD- 98-13 <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE <br />CITY OF REDWOOD CITY APPROVING AGREEMENT WITH <br />THE REDWOOD CITY ELEMENTARY SCHOOL DISTRICT FOR <br />THE EXCHANGE OF PROPERTIES; AUTHORIZING EXECUTION <br />THEREOF AND AUTHORIZING EXECUTION OF THE DEED OF <br />CONVEYANCE <br />8/31/98 <br />WHEREAS, the Redevelopment Agency of the City of Redwood City (the <br />"Agency") intends to acquire certain real property located at' the corner of <br />Broadway Avenue and Jefferson Street (the "Broadway Avenue Property'), <br />Redwood City, California; and <br />WHEREAS, the Redwood City Elementary School District (the "District") is <br />the owner of the Broadway Avenue Property; and <br />WHEREAS, the District is not willing to sell the Broadway Avenue <br />Property to the Agency or to any third party; and <br />WHEREAS, the District is willing to exchange the Broadway Avenue <br />Property for the real property located on Bradford Street (the `Bradford Street <br />Property') which is owned by the City of Redwood City ("City'); and. <br />WHEREAS, the Agency desires to acquire the Broadway Avenue Property <br />from the District and convey the Bradford Street Property to the District; and <br />WHEREAS, there has been provided to, and received by, the Board of -the <br />Redevelopment Agency of the City of Redwood City, an agreement for the <br />exchange of the Bradford Street Property and Broadway Avenue Property with <br />the District; <br />FAshared\Redwood\council\ 1 <br />Reso-492 <br />FXS:rg <br />08/26/98 <br />