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`7,A-S <br /> RESOLUTION NO. <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br /> CITY, CALIFORNIA, APPROVING THE DISPOSITION AND <br /> DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDWOOD <br /> CITY REDEVELOPMENT AGENCY AND PENINSULA HABITAT FOR <br /> HUMANITY <br /> WHEREAS, the Redwood City Redevelopment Agency (the "Agency") has been <br /> duly created and activated pursuant to the provisions of Section 33100, et se�c . of the <br /> Health and Safety Code of the State of California by a duly adopted Ordinance of the <br /> City of Redwood City, California; and <br /> WHEREAS, the City Council of the City of Redwood City, California (the "City <br /> Council") along with the Agency have caused the adoption of a Redevelopment Plan for <br /> Project Area No. 2, as amended (the "Redevelopment Plan"); and <br /> WHEREAS, Peninsula Habitat For Humanity (the "Developer") seeks to acquire <br /> and develop property to be included in the development of an eight (8) unit affordable <br /> housing complex to be reserved for the occupancy of very low income households; and <br /> WHEREAS, the Agency currently owns or will own certain property (the <br /> "Property") which is located within the Project Area subject to the Redevelopment Plan; <br /> and <br /> WHEREAS, the Developer has indicated that Developer desires to acquire the <br /> Property from the Agency in order to cause a development in accordance with the <br /> Redevelopment Plan; and <br /> WHEREAS, the Agency deems it desirable to enter into a Disposition and <br /> Development Agreement (the "Agreement") with the Developer, a copy of which is on <br /> file with the City Clerk's Office; and <br /> WHEREAS, on November, 16, 2004 the Planning Commission for the City of <br /> Redwood City cansidered and approved a mitigated negative declaration for the <br /> Property; and <br /> WHEREAS, the Agency and City Council held a duly noticed joint public hearing <br /> on February 28, 2005, in accordance with Sections 33431 and 33433 of the California <br /> Health and Safety Code pertaining to the Agreement and have caused the preparation <br /> of, and made available for public inspection, a report including a summary of the <br /> transaction; and <br /> WHEREAS, the Agency and the City Council have evaluated the Agreement and <br /> all evidence and testimony for and against the approval of the Agreement. <br /> Atty/Reso/Reso.1522 <br /> 022205/Gdb&Q � <br />