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NOW, THEREFORE, THE COUNCIL OF THE CITY OF' REDWOOD CITY <br /> <br /> DOES ORDAIN AS FOLLOWS: <br /> <br /> Section 1. The Council hereby finds, declares, and concludes as follows: <br /> <br /> a. The Planning Commission, after a duly noticed public hearing, has <br /> <br /> reviewed extending the term of the Amended Development Agreement <br /> and has forwarded its recommendations to this Council. <br /> <br /> b. This Council held duly noticed public hearings on the proposed Fourth <br /> Amendment to Development Agreement on May 20, 2002 and on June 3, <br /> 2002, at which hearings all persons interested in the matter were heard or <br /> afforded an opportunity to be heard thereon. <br /> <br /> c. This Council also acting on behalf of the General Improvement District No. <br /> <br /> 1-64, has reviewed and considered all relevant information, including the <br /> testimony, both oral and documentary, made and submitted at the public <br /> hearing on the proposed Project, and all other matters deemed material <br /> and relevant to the proposed Project. <br /> <br /> Section 2. In consideration of the foregoing findings, this Council hereby <br /> concludes and declares that the "Fifth Amendment to Development Agreement" by and <br /> between the City of Redwood City, Redwood Shores Properties, and Redwood City <br /> General Improvement District No. 1-64 is consistent with the General Plan of the City of <br /> Redwood City and should be approved. <br /> <br /> Section 3. The Fifth Amendment to Development Agreement, which amends <br />the Amended Development Agreement, a copy of which is on file in the office of the <br />City Clerk, and incorporated herein by reference as though fully set forth herein, is <br /> <br />F:Atty/Ord/Ord. 148 <br />052902 3 <br /> <br /> <br />