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q,{�-1�4 <br /> AGENCY RESOLUTION NO. RD- <br /> RESOLUTION OF THE REDWOOD CITY REDEVELOPMENT AGENCY � <br /> APPROVING AND AUTHORIZING THE EXECUTION OF AN AMENDED <br /> AND RESTATED DISPOSITION AND DEVELOPMENT AGREEMENT <br /> BETWEEN THE AGENCY, THE CITY OF REDWOOD CITY AND BHV <br /> INNISFREE VENTURES i, LLC <br /> WHEREAS, pursuant to the Cal'rfomia 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 the Redevelopment Project No. 2(the "Redeveiopment <br /> ProjecY'); and <br /> WHEREAS, the Agency, the City and BHV Innisfree Ventures I, LLC, a Califomia <br /> limited liability company (the "Develope�') previously entered into a Disposition and <br /> Development Agreement, dated January 29, 2001; and <br /> WHEREAS, due to certain changed circumstances, the parties desire to enter <br /> into an Amended and Restated Disposition and Development Agreement (the "DDA"), <br /> providing for the disposition of certain real property (the "Parcels") to the Developer for <br /> development and construction of a hnro-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 ef 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 /> pubiication 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 pubiished 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; and <br /> WHEREAS, pursuant to Section 33445 of the Community Redevelopment Law, a <br /> redevelopment agency is authorized, with the consent of the legislative body, to pay all <br /> F:Atty/Reso.Reso.1349 <br /> 120502 � <br />