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3 P�- I. � <br /> FIRST AMENDMENT OF DISPOSITION AND DEVELOPMENT AGREEMENT <br /> FOR FRANKLIN STREET PROJECT (IAC) <br /> THIS FIRST AMENDMENT OF DISPOSITION AND DEVELOPMENT <br /> AGREEMENT FOR THE FRANKLIN STREET PROJECT (IAC) (this "Amendment") <br /> is entered into as of April 24, 2000 by and between the REDE�IELQPMENT ACiEI�IC.Y <br /> OF THE CITY OF REDWOOD CITY, CALIFORNIA (the "Agency") and IRVIivE <br /> APARTNIEIVT� COI�IVILTN�TIES, L:P; a De�aware limifie� partnershi�, �"IA:C"). <br /> WITNESSETH <br /> WHEREAS, the Agency and IAC entered into that certain "Disposition and <br /> Development Agreement for Franklin Street Project", approved by the Agency on August <br /> 10, 1999 by Redevelopment Resolution No. RD-99-30. (the "DDA"); and <br /> WHEREAS, pursuant'to Sections 1006 and 1007 af the� DDA IAC has requested <br /> � and the Agency desires to amend Attachment No. 8 to the DDA, entitled " Schedule of <br /> � Performance." <br /> NOW, THEREFORE, the parties hereto agree as follows: <br /> -1- <br /> Form dated: 4/17/00 <br />