Ord98 2140 - Laserfiche WebLink

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WHEREAS, because none of the remainder of the property owned by Shorebreeze is subject to the Development Agreement, Flatirons, Electronic Arts and the City have agreed to amend the Development Agreement to remove the Development Agreement as an encumbrance on Parcel B without, however, relieving Flatirons of its landscaping and landscaping maintenance obligations on Parcel B and the Shoreline Drive Area under the Development Agreement if Shorebreeze fails to do so; NOW, THEREFORE: THE COUNCIL OF THE CITY OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: Section 1. This Council hereby finds, declares, and concludes as follows: (a) The proposed First Amendment to Development Agreement was reviewed by the Planning Commission after public hearing duly noticed and forwarded by said Commission to this Council with the recommendation that the First Amendment to Development Agreement be approved provided that Shorebreeze agrees not to oppose the formation of an Assessment District which shall include Shorebreezels Property. (b) Shorebreeze has agreed not to oppose such Assessment District. (c) This Council held a duly noticed public hearing on the proposed First Amendment to Development Agreement on March 16, 1998, at which hearing all persons interested in the matter were heard or afforded an opportunity to be heard thereon. (d) This Council has reviewed and considered all relevant information, including the testimony, both oral and documentary, made and submitted at the public hearing on the proposed Project; and all other matters deemed material and relevant to the proposed Project. Section 2. In consideration of the foregoing findings, this Council hereby concludes and declares that the agreement entitled "First Amendment to Development Agreement" by and between the City of Redwood City and Flatirons Funding, is consistent with the General Plan of the City of Redwood City and should be approved. Section 3. The First Amendment to Development Agreement which amends the Development Agreement (approved pursuant to ordinance No. 2114), a copy of which is on file in the office of the City Clerk, and incorporated herein by reference as though set forth in full, is hereby approved, and the City Manager is hereby authorized to execute the agreement for and on behalf of the City of Redwood City. Section 4. The City Clerk shall cause a copy of this ordinance and of the First Amendment to Development Agreement to be recorded in the office of the Recorder of San Mateo County within ten (10) days after its execution; provided, however, that this ordinance shall be effective thirty (30) days after its adoption. Flatiron. Doc 3 21/4 0