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08/25/2014 4. As directed by the Resolution of Intention, staff mailed to record owners of affected parcels notice of a July 28, 2014 public hearing on the formation of the CBID (the "Public Hearing"); and 5. That notice, which was mailed no less than 45 days prior to the Public Hearing, included all information required by Article XIII D, Section 4 of the California Constitution and Section 53753 of the Government Code, and the notice mailed to each property owner was accompanied by an assessment ballot; and 6. On July 28, 2014 at 7:00 pm or as soon thereafter as was practicable, in the City Council Chambers, the City Council held the Public Hearing, at which it heard and considered oral and written testimony from all interested persons; and 7. Following the public input portion of the Public Hearing, all assessment ballots that had been returned to the City were tabulated pursuant to the procedures set forth in the Resolution of Intention; and 8. Based on the tabulation, the City Council determined that a majority protest, as defined by Article XIII D, Section 4(e) of the California Constitution and Section 53753 of the Government Code, does not exist with respect to the assessment proposed in connection with the CBID; and 9. The property within the area of the CBID will be benefited by the improvements and activities funded by the assessments levied in connection with the CBID. The assessment against each parcel does not exceed the reasonable cost of the proportional special benefit conferred on that parcel. Section 2. The CBID is hereby formed, and is designated the "Downtown Redwood City Community Benefit Improvement District." Section 3. The boundaries of the CBID are generally described as follows: The territory in Downtown Redwood City roughly bounded by Brewster, Veterans, Maple, Pennsylvania, Winklebleck, and State Highway 82. ATTY/ORD.404/CBID FORMATION ORD ORD.#2408 REV:07-16-14 PT MUFF#506 Page 2 of 4