AgdaPkt 2002-12-09 - Laserfiche WebLink

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�.�-�o� assembly and transfer to Developer of the parcels of real property not now owned or controlled through contract by Developer wlrich comprise the Project Site. Ttris Agreement is entered into for the purposa of developing the Project Site and not for the purpose of speculation in land holding. _ §103 Backeround The development of the Projec;t Site pursuant W this Agreement and the fulfillment generally of this Agreement are in the vital and best interests of the City of Redwood City (the "Cit}�') and the health, safety, morals and welfare of its residents, and in acwrd with the public purposes and provisions of applicable federal, state and local laws and requirements. The following is a summary of the backgound and steps implemented by the Agency and/or Developer prior to execution of ttris Agreement which are in furtherance ofthe Agency's redevelopment goals for the Project Site: A. The Aeency: 1. Contacted all owners of property within the Project Site to ascertain if they desired to exercise their owner participarion rights under the Coaununity Redevelopment Law (Health and Safety Code §33000 et seq., or "CRL"), but no owner proposed to exercise such rights. 2. Conducted a request for proposal process which resulted in selecting Developer to propose development of the Project Site and to determine the feasibility of entering into a disposition. and development agreement ("DDA") for such development pursuant to the CRL. 3. Entered with Developer into an Agreement to Negotiate Exclusively with Developer dated June 10, 1999 (the "ERN') related to proposed development of the Project Site, the term of which ERN was extended by an amendment thereto dated May 26, 2000, and by a further amendment thereto dated October 23, 2000. 4. Engaged the environmental consulting fum of Mundie & Associates to conduct an environmental review of the Project in compliance with the California Environmental Quality Act (Public Resources Code Section 21000, et seq.) ("CEQA") and prepare an administrative draft and final Environmental Impact Report entitled "Downtown Mixed-Use RetaiVCinema ProjecY', which EIIt was approved and certified as complete by the Agency on October 17, 2000 (the "Project EIR" ). An addendum to the Envimnmental Impact Report, dated November 2002 has been prepazed. B. Pursuant to and durine the term of the ERN Develo�er: 1. Conducted various preliminary studies to detertnine the feasibility of the Project, including, but not limited to, planning, engineering, mazketing, traffic, preliminary environmental, relocation and economic studies; 2 DOCSSFI :648942.4 99754 C I4 120502