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6.3B <br /> Page 6 <br /> RES�?LUTI4N NO. RD- <br /> RESOLUTlQN OF THE �tEDEVELOPMENT AGENCY OF THE ClTY OF <br /> REDWQOD CiTY APPFtQV1NG AND AUTHORtziNG THE EXECUTIQN <br /> OF AN ASSIGNMENT AN� ASSUMPTION AGREEMENT BETWEEN <br /> THE AGENCY, THE CITY OF REDWOOD CITY, ON BRt)ADWAY <br /> REDW40D CITY, �.L.C, AND �N BROADWAY tNVEST4RS, LLC <br /> WHEREAS, pursuant to the California Community Redevelopment Law (Heatth <br /> and Safety Code Se�tion 33000 e# seq.}, the Redevelopment Agency of #he Gity o# <br /> Redwood City {the "Agency") is carrying out the Redevelopment Pian (the <br /> "Redevetopment Plan") for the Redevetopment Project No. 2 (the "Redevelopment <br /> Project"); and <br /> WHEREAS, On Jartuary 8, 2UO3, the City, J�gency and BHV Innisfree Ven#ures #, <br /> LLC, a Cafi#ornia iimited {iability company, ("BHV") entered in#o #hat certain Amended <br /> and Restated Disposition and Developmen# Agfeement for a Down#own 12etail-Cinema <br /> and Parking Project (the °Originaf DDA"), as amended by the First Implementation <br /> Agreement, dated February 24, 20�3 and the Second Imp4ementation Agreement, <br /> dated September 23, 20Q3 (ali collective�y refeRed to herein as the"DDA"); and <br /> WHEREA►S, City, Agency, BHV and 4n Broadway Redwood City, LLC ("OBRC"} <br /> en#ered �nto ar� Assignment and Assumption Agreement, dated May 4, 2004, pursuant <br /> to which BHV assigned #o OBRC and 4BRC assumed aN of BHV's rights and <br /> obligations in fhe Project Site and in#he DDA; and <br /> WHEREAS, OBRC now desires to assign its rights and obiigations under the <br /> DDA and certain related agreements to C?n Broadway Investors, LLC, a Delaware <br /> limited liabtl�y company, ("OBi"} in which RAR2-Broadway at Redwood City � CA, inc., a <br /> Maryiand corporation ("RAR2"), is the managing member and 8HV 1 C3n Broadway, <br /> LLC, a Delaware limited iiability company ("BHV t"), is a developer member; and <br /> WHEREAS, pursuant to the DDA, certain other agreements were entered in#o <br /> including, but not iimi�ed to, {i) the Construcfion and Reimbursement Agreement for <br /> Downtown Underground Pub�ic Parking Facility, dated October 23, 2U�3, as amended <br /> AT'T1fIRES�JRESO.t 647 <br /> 090606 <br /> 1 <br />