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�,�-.�� <br /> — Redwood City, LLC. As noted above, BHV Innisfree will hold a 45°/a interest in the new <br /> entiry and will continue to act as the responsible party for the development of the project. <br /> This Assignment and Assumption Agreement supercedes the one previously presented to <br /> the Counci� and Agency Board on January 26, 2004. <br /> : Iternatives <br /> 1. Do not authorize the City and Agenc�• to enter into the Assignment and Assumption <br /> ,\greement. In this case, the develuper may have to seek alternate investment <br /> sources. <br /> 2. Direct staff to seek alternative solutions. <br /> Fiscal Impact <br /> There will be no change in the Amended and Rest ted DDA regarding the fiscal impact. <br /> . ' <br /> Patricia J. Webb � usan Moelier <br /> Economic Development Coordinator Redeveiopment Manager <br /> � <br /> ruce Liedstrand E verett <br /> Community Development Director City Manager <br /> Attachments: <br /> Assignment and Assumption Agreement <br /> 2 <br />