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<br />~ß-S <br /> <br />THIRD AMENDMENT OF DISPOSITION AND DEVELOPMENT <br />AGREEMENT FOR FRANKLIN STREET PROJECT (SHEA) <br /> <br />THIS <br /> <br />THIRD <br /> <br />AMENDMENT <br /> <br />OF <br /> <br />DISPOSITION <br /> <br />AND <br /> <br />DEVELOPMENT AGREEMENT FOR THE FRANKLIN STREET PROJECT (SHEA) <br /> <br />(this "Amendment") is entered into as November 13, 2000, by and between the <br /> <br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, CALIFORNIA <br /> <br /> <br />(the "Agency") and SHEA HOMES LIMITED PARTNERSHIP, a California limited <br /> <br />partnership ("Shea"). <br /> <br />WITNESSETH <br /> <br />WHEREAS, the Agency and Shea entered into that certain "Disposition and <br /> <br />Development Agreement for Franklin Street Project", approved by the Agency on <br /> <br />September 13, 1999 by Redevelopment Resolution No. RD-99-3l and dated October 28, <br /> <br />1999 (the "DDA"); and <br /> <br />WHEREAS, the DDA has been amended by the First Amendment to the DDA, <br />approved by the Agency on March 27, 2000, and the Second Amendment to the DDA, <br /> <br />approved by the Agency on June 26, 2000; and <br /> <br />WHEREAS, pursuant to Sections 1006 and 1007 of the DDA Shea has requested <br /> <br />and the Agency desires to amend Attachment No.8 B to the DDA, entitled "Franklin <br /> <br />Street Area Schedule of Performance." <br /> <br />NOW, THEREFORE, the parties hereto agree as follows: <br /> <br />-1- <br /> <br />Fonn dated: 11/2/00 <br /> <br />. T-"w---T" <br />