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EXIKB~ A - RULES GOVERNING PARTICIPATION AND PREFERENCES BY PROPERTY OWNERS AND BUSINESS OCCUPANTS IN THE REDWOOD CITY REDEVELOPMENT PROJECT NO. 2 I. [Section 100] PURPOSE AND INTENT These ruIes are adopted to implement the provisions of the Redevelopment Plan for the Redwood City Redevelopment Project No. 2 regarding participation and the exercise of preferences by property owners and business occupants within the Project Area. These rules set forth the procedures governing such preferences and participation. The California Community Redevelopment Law (Health and Safety Code Section 33000 et se_...q.) requires the adoption of these rules by the Agency to permit participation in the redevelopment of the Project Area by owners of real property and the extension of preferences to persons engaged in business within the boundaries of the Project Area to reenter the redeveloped area to the maximum extent feasible consistent with the objectives of the Redevelopment Plan for the Project. II. [Section 200] DEFINITIONS As used herein, the following definitions apply: (1) "Redevelopment Plan" means the Amended Redevelopment Plan for Redwood City Redevelopment Project No 2, as adopted by the City Council of the City of Redwood City by Ordinance No. 1862 on July 19, 1982 (the "Original Redevelopment Plan"), and as amended by the First and Second Amendments adopted by the City Council by Ordinance Nos. 1911 and __ on June 20, 1985 and , ~- 19_. (2) "Project Area" means the project area described in Part II of the Redevelopment Plan and shown on Exhibits "I, 'fl" and "III", Redevelopment Plan Map, attached thereto. (3) "Agency" means the Redwood City Redevelopment Agency. (4) "Owner" means any person, persons, corporation, association, partnership, or other entity holding fee title to or a long term lease of real property in the Project Area for so long as such Owner holds such title or long term lease. (5) "Long Term Lease" means a lease of real property with a term of twenty (20) years or more, with at least five (5) years remaining on such term. (6) "Participation Agreement" means an agreement entered into by an Oxvner with the Agency providing for such Owner to participate in the redevelopment of property within the Project Area in accordance with the provisions of the Redevelopment Plan and these rules. ~ (7) "Participant" means an Owner who has entered into a Participation Agreement with the Agency. (8) "Business Occupanff means any person, persons, corporation, association, partnership, or other entity engaged in a lawful business within the Project Area for so long as such Business Occupant remains in business within the Project Area. 2724.rdc/1 8 9 - 1 6