Laserfiche WebLink
State and local laws governing the formation of Assessment Districts (the <br />"Corridor Assessment District") in the future (the "Funding Programs:); and <br /> <br /> WHEREAS, the formation of a Citywide or Areawide Traffic Impact Fee <br />Program and/or the Corridor Assessment District is not anticipated to feasibly <br />occur prior to issuance of building permits for the Project; and <br /> <br /> WHEREAS, notwithstanding that City has not adopted such Funding <br />Programs or established other funding mechanisms, City and Martin/Campus <br />Associates, L.P., the owner of the Property, desire to provide for traffic mitigation <br />for the Project by entering into this Agreement. <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD <br />CITY, AS FOLLOWS: <br /> <br /> That certain agreement entitled, "Agreement for Funding of Off-site <br /> Roadway Improvements (Mid Point Technology Park)" (the "Agreement") <br /> between the City of Redwood City, a municipal corporation of the State of <br /> California, and Martin/Campus Associates, L.P., a copy of which agreement is on <br /> file in the office of the City Clerk, to which copy reference is hereby made for the <br /> full particulars thereof, is hereby approved, and the Manager and City Clerk are <br /> hereby authorized and directed to execute, and to attest thereto, respectively, <br /> said agreement for and on behalf of the City of Redwood City: <br /> <br /> F:~shared\Redwood\Cou ncil\ 3 <br /> Reso-320 <br /> FXS:rg <br /> 10/22/97 <br /> 10/29/97R <br /> <br /> <br />