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ORIGINAL AGREEMENT FOR SERVICES CITY OF REDWOOD CITY AND REDWOOD CITY REDEVELOPMENT AGENCY (Administrative Services) This Agreement (the "Agreement") dated January 8, 2003, and effective as of July 1, 2002, is between the REDEVELOPMENT AGENCY OF THE CiTY OF REDWOOD CITY, a public body, corporate and politic, duly organized and existing under the laws of the State of California (the "Agency"), and the CITY OF REDWOOD CITY, a charter city and municipal corporation, organized and existing under the laws of the State of California (the "City"); (collectively, the "Parties"). RECITALS WHEREAS, the Agency is authorized to transact business and exercise powers under and pursuant to the provisions of Part 1 of Division 24 of the Health and Safety Code of the State of California (the "Redevelopment Law"), and has the power under Section 33125 of the Redevelopment Law to enter into contracts necessary or convenient to the exercise of its powers; and WHEREAS, a redevelopment plan for the Redwood City Redevelopment Project Area in the City of Redwood City, California (the "Redevelopment Project"), has been adopted and, from time to time, amended in compliance with all requirements of the Redevelopment Law; and WHEREAS, pursuant to the Redevelopment Plan for the Redevelopment Project and the provisions of Section 33670 of the Health and Safety Code, the Agency is entitled to receive certain allocations of tax increment revenues ("Tax Revenues"); and WHEREAS, under Section 33126 of the Redevelopment Law, the Agency has the Authority to hire employees as it requires; and WHEREAS, in order to assist in operating its day-to-day functions the Agency, since its inception, has reimbursed the City for certain administrative services provided by City; and WHEREAS, the Parties wish to memorialize, in writing, the obligation of the Agency to reimburse the City for administrative services provided by City for Fiscal Year 2002/2003 and for subsequent Fiscal Years. NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the parties hereto do hereby agree as follows: 1. Scope of Services. City agrees to provide to the Agency the services (the "Services") pursuant to this Agreement and as further set forth in the attached Exhibit "A," which is incorporated herein by reference. F:Atty/Agr/Agr.087 010703 ~ 1