AgdaPkt 2002-06-03 - Laserfiche WebLink

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REPORT To the Honorable Mayor and City Council From the Cit7 Mana ler June 3, 2002 Subject GID 1-64 Development Agreement Temporary Extension Recommendation Introduce an Ordinance approving and authorizing the fourth amendment to the Development Agreement with Redwood Shores Properties, for temporary extension period of sixty (60) days, up to and including August 23, 2002. Background On May 20t~, 2002, after a public hearing, the City Council approved the concept to pursue an extension of GID 1-64 Development Agreement with Redwood Shores Properties. City Council directed staff to begin the process and negotiations with Redwood Shores Properties for a three year extension without the sunset clause. Under the new extended Development Agreement, the City intends to designate one of its three representatives of the Management Committee to the Redwood Shores Homeowners Association. The City would also like to have the support of Redwood Shores Properties to designate two of its three representatives to the Redwood Shores Owners Association, and the Shores Business Center Association. On May 24, 2002, City Staff and the GID 1-64 Committee Chairperson, Mr. Don Warren, visited the Redwood Shores Properties representative, Mr. Kendall Patton, Attorney at Law. Mr. Patton has conceptually acknowledged the need to extend the Development Agreement with a modification that relieves Redwood Shores Properties of any financial obligation. A detailed Amendment is under preparation with the owner of Redwood Shores Properties. In order to allow time for the preparation of all documents necessary to extend the Development Agreement for another three years, as directed by City Council on May 20, 2002, the City and Redwood Shores Properties have agreed to temporarily extend the existing Development Agreement for sixty (60) days. As part of this Development Agreement Temporary Extension, Redwood Shores Properties is granting, and the City is accepting, fee title of property known as "Davit Lane Parcel" (see attached map) to the City of Redwood City. This is a landscaped strip of land between Davit Lane and the interior lagoon that is privately owned and maintained. The acceptance of this parcel by the City will require City maintenance, but the City will also have control over use as well as maintenance of the property. Alternative Not approve the Amendment to the Development Agreement, and/or modify it as necessary.