RecD98 1998-141936 - Laserfiche WebLink

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WHEREAS, the Development Agreement currently does not guarantee any specific amount of sewage treatment capacity to the Applicant, although it acknowledges that the rights to Redwood Shores Properties' (RSP) rights to sewage treatment capacity had been assigned to the Applicant, to the extent that RSP still had these rights; and WHEREAS, Applicant has requested and the City is now in a position to guarantee sufficient sewage treatment capacity, as a result of a written agreement reached by the City and RSP with respect to the extent of RSP' s rights to sewage treatment capacity; and WHEREAS, Applicant has entered into a contract for the sale of Lots 1 and 2; and WHEREAS, if the Electronic Arts Property is owned by different entities, the default of one should not terminate or otherwise affect the rights of the other under the Development Agreement; NOW, THEREFORE; THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: Section 1. The foregoing recitals are true and correct. Section 2. This Council hereby finds, declares and concludes as follows: (a) The proposed Second Amendment to Development Agreement was reviewed by the Planning Commission after public hearing duly noticed and forwarded by said Commission to this Council with the recommendation that the Second Amendment to Development Agreement be approved. (b) It is in the best interests of the City of Redwood City that (1) the proposed Second Amendment to Development Agreement not become effective until Parcel Map No. 98 - - (the "Parcel Map") showing the lot lines as adjusted is filed for record in the Official Records of San Mateo County and the Applicant conveys the new common area parcels shown on the Parcel Map to the Shores Business Center Association (the "Conveyance"); (2) a requirement to that effect should be added to the proposed Second Amendment to Development Agreement as recommended by the Planning Commission; and (3) such a requirement does not materially change the recommendation of the Planning Commission. (c) The proposed Second Amendment to Development Agreement is consistent with the General Plan of the City of Redwood City. The "Findings of Consistency Between the Electronic Arts Master Plan Project and the General Plan of the City of Redwood City" as attached to Ordinance No. 2114, adopted by the City Council on August 26, 1996, are hereby adopted and incorporated herein by reference. 2