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6.1.E. - Page 5 <br />RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY APPROVING AN APPROPRIATION AMENDMENT TRANSFERRING <br />$700,000.00 FROM THE UNASSIGNED PORTION OF THE CITY'S <br />COMMUNITY BENEFITS FUND TO THE COMMUNITY DEVELOPMENT <br />ADMINISTRATION FOR MEMBERSHIP DUES FOR THE PURPOSE TO <br />SUPPORT THE DEVELOPMENT OF A CHILDCARE CENTER AT <br />ARROYO GREEN, 707 BRADFORD STREET <br />WHEREAS, over the past two decades, the City has collected funds from <br />developers via development agreements and conditions of approval for the creation of a <br />childcare center; and <br />WHEREAS, in 2015 the City of Redwood City created the Community Benefits <br />Fund as part of its Partnership Redwood City initiative to find new and creative ways to <br />form working relationships within the community to achieve City goals including the <br />development of childcare facilities; and <br />WHEREAS, the funds collected from developers have been placed in the above <br />mentioned Community Benefits Fund; and <br />WHEREAS, this Council awarded the development of the Bradford Street <br />Affordable Housing Site, located at 707 Bradford Street, to MidPen Housing to develop <br />the site for affordable senior housing; and <br />WHEREAS, MidPen Housing shall include a childcare facility at 707 Bradford <br />Street; and <br />WHEREAS, this Council has reviewed the recommendation by City Staff to set <br />aside a portion of the City's Community Benefits Fund for a child care center and desires <br />to evidence approval thereof. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF REDWOOD CITY AS FOLLOWS: <br />ATTY/RESO.0054/CC RESO APPROVING AN APPROPRATION AMENDMENT FOR 707 BRADFORD ST <br />REV: 06-06-18 VR <br />Page 1 of 2 <br />