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necessary to provide adequate emergency vehicle response as a result of the <br />addition of the project and the anticipated addition of over 500 dwelling units and <br />the construction of a hotel; and <br /> <br /> WHEREAS, the Traffic Study has recommended the construction of a <br />one-lane roadway connecting East Bayshore Road to Blomquist Street with a <br />one-lane bridge across Redwood Creek (the "Blomquist Street Extension"); and <br /> <br /> WHEREAS, as of the date of City's approval of this Agreement, City has <br />not adopted a citywide or areawide traffic impact fee program applicable to the <br />Project pursuant to Government Code Section 66000, et seq. (the "Mitigation <br />Fee Act"; the "Citywide or Areawide Traffic Impact Fee Program" or "Traffic <br />Impact Fee"), nor has City established assessment districts or other financing <br />mechanisms to fund the Blomquist Street Extension to mitigate traffic impacts <br />from existing, approved, and pending development along and in the vicinity of <br />the Blomquist Street Extension; and <br /> <br /> WHEREAS, City may consider the formation of a Citywide or Areawide <br />Traffic Impact Fee Program pursuant to the Mitigation Fee Act and/or an <br />Assessment District for the Corridor and/or other appropriate area, covering all or <br />any portion of Property pursuant to the Municipal Improvement Act of 1911 (Sts. <br />& Hy. Code § 5000, et seq.), the Municipal Improvement Act of 1913 (Sts. & Hy. <br />Code § 10000, et seq.), or any fair share financing mechanism, and all related <br />State and local laws governing the formation of Assessment Districts the <br />"Funding Programs"); and <br /> <br />F:~hared\Redwood\Council\ 2 <br />Reso-446 <br />FXS:rg <br />0710919S <br /> <br /> <br />