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place for existing residents. This could potentially cause the displacement of <br />many of our low-income residents living and providing services in Redwood City <br />and throughout Silicon Valley. <br /> <br />If census tracts in Redwood City remain on the list of Opportunity Zones, <br />development in an Opportunity Zone which generates federal tax deferrals <br />should be obligated to provide relocation benefits to individuals displaced as a <br />result of that development, and 20% of housing constructed in an Opportunity <br />Zone which generates federal tax deferrals should be developed as affordable <br />housing. These are important protections for residents who otherwise could be <br />negatively affected by the revitalization occurring in their neighborhoods. <br /> <br />Given the well intentioned, but potentially negative unintended consequences of <br />this nomination, I ask that you amend your nomination list to exclude census <br />tracts in Redwood City, or include protections for our residents. If you have <br />questions, please contact me at: ibain@redwoodcity.org or (650) 780-7301. <br /> <br />Sincerely, <br /> <br />Ian Bain <br />Mayor <br />City of Redwood City <br /> <br /> <br /> <br />c: City of Redwood City Council <br /> <br /> <br /> <br />6.1.E. - Page 6