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�.A�y <br /> the balance will partially fund the Fee Subsidy. The balance of the Fee Subsidy, estimated <br /> at $41,000 maximum, will be requested from the Agency Board as part of the Agenc�s FY <br /> 2005/06 budget process. <br /> Conclusion <br /> Pursuant to California redevelopment law, notice of the public hearing was published in <br /> the Redwood City Daily News on February 14, 2005 and February 21, 2005. As required <br /> by law, a packet containing a copy of the proposed DDA and the Summary Report, which <br /> sets forth the cost of the agreement to the Agency and the financial terms of the <br /> transaction, has been available for public review in the Clerk's office since February 14, <br /> 2005. <br /> Staff recommends that the City and the Agency adopt the resolutions authorizing execution <br /> of the DDA and the subsequent transfer of land. _ <br /> � ,, <br /> � <br /> , <br /> . <br /> �� <br /> � Debbi ones omas 5 san M eller <br /> o�nator Red elopme � Mana er <br /> i � <br /> 7 <br /> `� ? .� <br /> Patterson Ed E erett ` <br /> ommunity Development City Manager <br /> aervices Director <br /> Attachments <br /> 1. Resolutions <br /> 2. Summary Report <br /> Redevelopmentshared/2005 Staff Reports/02-2005/PHH DDA Page 4 of 4 <br />