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03/07/2011 ORIGINAL RESOLUTION NO. RD- 11-03 RESOLUTION OF THE REDWOOD CITY REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING EXECUTION OF A PUBLIC IMPROVEMENTS REIMBURSEMENT AGREEMENT BETWEEN THE AGENCY AND CITY OF REDWOOD CITY WHEREAS, the Redwood City Redevelopment Agency ( "Agency") is carrying out the Redevelopment Plan ( "Redevelopment Plan ") for the Redwood City Redevelopment Project Area No. 2 ( "Project "); and WHEREAS, under the Redevelopment Plan, the City of Redwood City ( "City ") shall aid and cooperate with the Agency in carrying out the Project and shall take actions necessary to ensure the fulfillment of the purposes of the Redevelopment Plan and to eliminate and prevent the recurrence or spread of conditions causing blight within the area of the Project ( "Project Area "); and WHEREAS, pursuant to Section 33220 of the California Community Redevelopment Law (Health and Safety Code Section 33000, et seq.) ( "CRL "), for the purposes of aiding and cooperating in the planning, undertaking, construction or operation of redevelopment projects within the Project Area, the City may, among other things, exercise the following powers: sell or lease any of its property to the Agency; cause public improvements to be furnished in connection with redevelopment projects; plan or replan and zone or rezone any part of a redevelopment project; facilitate the production and rehabilitation of affordable housing and enter into agreements with the Agency respecting actions to be taken pursuant to any such powers; and WHEREAS, pursuant to Section 33445(a) of the CRL, the Agency may, with the consent of the City Council of the City of Redwood City ( "City Council "), pay all or part of the value of the land for and the cost of the installation and construction of any buildings, facilities, structures or other improvements which are publicly owned and located inside or contiguous to a project area upon a determination by the City Council that such building, facilities, structures or other improvements are of benefit to the project area by helping to eliminate blight within the project area, that no other reasonable means of financing the acquisition of the land or installation or construction of such buildings, facilities, structures or other improvements that are publicly owned are available to the community, that the payment of funds for the acquisition of the land or installation or construction of the building, facilities, structure or other improvements that are publicly owned is consistent with the implementation plan adopted by the Agency pursuant to Section 33490 of the CRL; and ATTY /RESO.2117 /RWC AGENCY PUBLIC IMPROVEMENTREIMBURSEMENT AGREEMENT #RD11 -03 030711 MUFF #405 1