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JAH:df't 5/13/92 (049/30) <br /> The City Council hereby acknowledges and accepts the <br /> transfer of the Redwood Plaza Project and the assumption by the <br /> buyers thereof of the terms and conditions of the several <br /> agreements on which said bonds were issued, all as set forth in <br /> the following described agreements which are hereby approved on <br /> behalf of the City of Redwood City entitled "Agreement to Assume <br /> Financing and Regulatory Agreement" and "Agreement to Assume <br /> Financing and Development Agreement" , and the City Manager and <br /> the City Clerk are hereby authorized and directed to execute and <br /> attest, respectively, said agreements on behalf of the City of <br /> Redwood City. <br /> 2 11752 <br />