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11/16/2020 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: Section 1. Evidentiary Basis: The City Council, having independently heard, considered, and weighed all the evidence in the record, finds that the above recitals are accurate and constitute findings in this matter and, together with the staff report, the Purchase and Sale Agreement, and Relocation Plan have served as an adequate and appropriate evidentiary basis for the findings and actions set forth in this resolution. Section 2. Surplus Lands: Pursuant to Article V of Chapter 2 of the Redwood City Code, the City has determined that the interests to be conveyed in the Property to the Developer are not necessary for City use and further are not "surplus land" as defined therein. This determination is based on the following facts: A. Under Section 2.42(C)(2)(a) of the City Code, the disposition of the City Property will secure certain community benefits, including construction of 23 replacement housing units, 22 of which will be affordable to very low and extremely low income households, seven of which will be affordable to extremely low-income households, which exceeds the required affordability level, construction of an additional 125 affordable housing units; construction and operation of a childcare facility on the Project site, and construction of 40,000 sq. ft. of publicly -accessible open space on the Project Site. B. Under Section 2.42(C)(2)(c) of the City Code, the disposition and development of the Property serves a common benefit by allowing better and more compatible uses, including affordable housing, childcare facilities, and publicly -accessible open space, than its present use and will further the purposes of the General Plan, through the provision of transit -oriented housing, removing ongoing maintenance obligations associated with the Property, and community benefits, also thereby implementing General Plan goals and policies. Section 3. Purchase and Sale Agreement: The City Council hereby authorizes and directs the City Manager to execute the Purchase and Sale Agreement, subject to any minor, clarifying and conforming changes approved by the City Attorney. The City Council further authorizes the City Manager to take all actions necessary to carry out the Purchase and Sale Agreement for the development of the Project. Section 4. Relocation Plan: The City Council hereby approves the Relocation Plan. Section 5. This resolution is effective upon its adoption. ATTY/RESO.0128/ CC RESO 1306 MAIN STREET REV: 11-03-2020 PR Page 2 of 2 RESO. NO, 15909 MUFF NO. 304