Laserfiche WebLink
Tim Kelly of Keyser Marston responded that the analysis does not encompass 30 <br />years worth of revenue and that would be determined by any policy decisions on <br />parking fees. <br />City Manager Everett clarified that a slide that implies the developer would receive <br />$3.7M per year is inaccurate due to the fact that a loan would have been obtained in <br />the amount of approximately $33 -$35M and the developer must pay interest on that <br />loan. <br />Council made various comments and asked questions regarding the parking plan <br />Community Development Director Liedstrand stated that there will be a variety of <br />publicity efforts and enhancement of the parking experience. <br />M/S Hartnett/Howard to ADOPT CONCURRENT RESOLUTION RDA 02 -73 OF THE <br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY AND RESOLUTION <br />14485 OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING THE <br />ADDENDUM TO THE EIR FOR THE CINEMA/RETAIL PROJECT. <br />The motion passed by a majority roll call vote with Council Member /Director Jordan <br />voting no and Vice MayorNice Chair Ira abstaining. <br />M/S Hartnett/Howard to ADOPT RESOLUTION 14486 OF THE CITY COUNCIL OF <br />THE CITY OF REDWOOD CITY APPROVING SUMMARY REPORT PURSUANT TO <br />HEALTH AND SAFETY CODE SECTION 33433 ON AMENDED AND RESTATED <br />DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY, <br />THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY AND BHV <br />INNISFREE VENTURES I, LLC. <br />The motion passed by a majority roll call vote with Council Member Jordan voting no <br />and Vice Mayor Ira abstaining. <br />M/S Hartnett/Howard to ADOPT RESOLUTION 14487 OF THE CITY COUNCIL OF <br />THE CITY OF REDWOOD CITY APPROVING AND AUTHORIZING EXECUTION OF <br />AN AMENDED AND RESTATED DISPOSITION AND DEVELOPMENT AGREEMENT <br />BY AND BETWEEN THE CITY, THE REDEVELOPMENT AGENCY OF THE CITY <br />OF REDWOOD CITY AND BHV INNISFREE VENTURES I, LLC; (Section 1. revision <br />to read as follows: The City Council hereby approves the DDA on file with the City <br />Clerk, which DDA is incorporated herein by reference.) <br />The motion passed by a majority roll call vote with Council Member Jordan voting no <br />and Vice Mayor Ira abstaining. <br />M/S Hartnett/Ruskin to ADOPT RESOLUTION RDA 02 -14 OF THE REDWOOD CITY <br />REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE EXECUTION <br />OF AN AMENDED AND RESTATED DISPOSITION AND DEVELOPMENT <br />AGREEMENT BETWEEN THE AGENCY, THE CITY OF REDWOOD CITY AND BHV <br />INNISFREE VENTURES I, LLC; (Section 1. revision to read as follows: The <br />REGULAR MEETING CITY COUNCIL, BOARD OF DECEMBER 9,20M <br />EQUALIZATION AND REDEVELOPMENT AGENCY MINUTES PAGE 8 <br />