RecD08 2008-093141 - Laserfiche WebLink

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08/04/2008 Section 1. The recitals set forth above are true and correct, and are hereby incorporated herein by this reference as if fully set forth in their entirety. Section 2. The Council hereby finds, declares, and concludes as follows: a. This Council held a duly noticed public hearing on the proposed Amendment to Ninth Amendment to and Restatement of Development Agreement (the "Tenth Amendment") on July 28, 2008, at which hearing all persons interested in the matter were heard or afforded an opportunity to be heard thereon. b. This Council also acting on behalf of the General Improvement District No. 1-64, has reviewed and considered all relevant information, including the testimony, both oral and documentary, made and submitted at the public hearing on the proposed Tenth Amendment, and all other matters deemed material and relevant to the proposed Tenth Amendment. Section 3. In consideration of the foregoing findings, this Council hereby concludes and declares that the Tenth Amendment by and between the City of Redwood City, Keech Properties, LLC., and Redwood City General Improvement District No. 1-64 is for the purpose, inter alia, of (i) specifying the scope of facilities and improvements that need to be constructed in connection with the development of Area "H", (ii) specifying the extent to which the Fund will be used to reimburse Keech for the construction of such facilities and improvements, and (iii) effectively segregating the rights and obligations of the parties under the Agreement as they relate to Area "H" from all other rights and obligations under the Agreement, and remains consistent with the General Plan of the City of Redwood City and should be approved. Section 4. The Tenth Amendment, which amends the Agreement, a copy of which is on file in the Office of the City Clerk, and incorporated herein by this reference as though fully set forth herein, is hereby approved, and the City Manager is hereby authorized to execute the Amendment for and on behalf of the City of Redwood City, and the Mayor of the City of F:Atty/Ord/Ord.309 072108 2336 Muff #511