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<br />RES 0 L UTI 0 N <br /> <br />SWC:mf 1/13/83 <br />OR!GINAL <br />9 2 8 8 JAN 1 7 1983 <br /> <br />N o. <br /> <br />RES 0 L UTI 0 N N O. RD- 83-01 <br /> <br />CONCURRENT RESOLUTION OF THE COUNCIL OF REDWOOD CITY AND THE <br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY AUTHORIZING <br />EXECUTION OF AGREEMENT FOR FINANCING AND CONTRACT ADMINISTRATION <br />OF SEAPORT BOULEVARD RECONSTRUCTION PROJECT <br /> <br />WHEREAS, pursuant to Ordinance No. 1862, adopted July 19, 1982, <br /> <br />the City Council adopted the Redevelopment Plan for Redevelopment <br /> <br />Project No. 2 ln the City of Redwood City; and <br /> <br />WHEREAS, the purposes of said Redevelopment Plan, as set forth <br /> <br />in Section 1 of Ordinance No. 1862, are to: <br /> <br />II (a) Eliminate and prevent the spread of blighting <br />influences including the vacant and underutilized <br />land and deteriorating buildings, inadequate <br />transportation, sewer, water and drainage, <br />and other environmental, economic and social <br />deficiencies; <br /> <br />(b) Provide the framework and infra-structure for <br />restoring economic health to the Project area <br />and its environs; <br /> <br />(c) Stimulate commercial and industrial development <br />within Project No.2 and the community;" and <br /> <br />WHEREAS, Lincoln Property Company, a private developer, desires <br /> <br />to develop, as a mixed-use business park, that certain real property <br /> <br />known as Seaport Centre, which real property is located in the City <br /> <br />of Redwood City and within the boundaries of the Redevelopment Project <br /> <br />No. 2 "Seaport" sub-area; and <br /> <br />WHEREAS, pursuant to said desire Lincoln Property Company applied <br /> <br />for, and the Planning Commission approved on October 5, 1982, a <br /> <br />Planned Development Permit and a Tentative Map for the development of <br /> <br />9288 <br />