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�.�-q� <br /> RESOWTION NO. <br /> RESOLUT�ON OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br /> CITY APPROVING SUMMARY REPORT PURSUANT TO HEALTH AND <br /> SAFETY CODE SECTION 33433 ON AMENDED AND RESTATED <br /> DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN <br /> THE CITY, THE REDEVELOPMENT AGENCY OF THE CITY OF <br /> REDWOOD CITY AND BHV INNISFREE VENTURES I, LLC <br /> WHEREAS, pursuant to the Califomia Community Redevelopment Law (Health <br /> and Safety Code Section 33000 et seq.), the Redevelopment Agency of the City of <br /> Redwood City (the "Agency') is carrying out the Redevelopment Plan (the <br /> "Redevelopment Plan") for Redevelopment Project No. 2(the "Redevelopment <br /> ProjecY'); and <br /> WHEREAS, the Agency, the City and BHV Innisfree Ventures I, LLC, a Califomia <br /> limited liability company (the "Developer�), previously entered into a Disposition and <br /> Development Agreement, dated January 29, 2001; and <br /> WHEREAS, due to changed circumstances, the parties desire to enter into an <br /> Amended and Restated Disposition and Development Agreement (the "DDA"), providing <br /> for the disposition of certain real property (the "Parcels") to the Developer for <br /> development and construction of a two-level retail-cinema project (the "Project"); and <br /> WHEREAS, the Community Redevelopment Law of the State of Califomia <br /> (Health and Safety Code Section 33000 et seq.) provides in Section 33431 that any sale <br /> or lease of Agency property may be made only after a public hearing of the Agency after <br /> publication of notice as provided by law; and <br /> WHEREAS, the Community Redevelopment Law further provides in Section <br /> 33433 that before any property acquired, in whole or in part, with tax increment monies, <br /> is sold or leased for development pursuant to a redevelopment plan, such sale or lease <br /> shall first be approved by the legislative body after a public hearing, that notice of the <br /> time and place of the public hearing shall be published in a newspaper of general <br /> circulation in the community for at least two (2) successive weeks prior to the public <br /> hearing, and that the Agency shall make available for public inspection a report <br /> containing a copy of the proposed sale or lease and a summary of the financial and <br /> other aspects of the proposal; and <br /> WHEREAS, the Agency has prepared its report on the proposed DDA (the <br /> "Report") as required by Section 33433 of the Community Redevelopment Law. <br /> F:Atty/Reso/Reso.1350 <br /> 120502 � <br />