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No. RD -992-22, adopted the Franklin Street Replacement Housing Plan in <br />accordance with Section 33413.5 of the Health and Safety Code; and <br /> <br /> WHEREAS, lAC is committed under the terms of the DDA to construct <br />and contribute affordable housing units in satisfaction of the Community <br />Redevelopment Law (California Health and Safety Code Section 33000 <br />et seq. ,"CRL"), CEQA and the Replacement Housing Plan; and <br /> <br /> WHEREAS, the DDA provides that in return for the IAC'S performance the <br />Agency shall attempt to acquire by negotiation or, if unable to do so, shall <br />consider acquiring by eminent domain certain parcels or portions thereof <br />located within the Project Site (the "Acquisition Parcels") and, thereafter, convey <br />the Acquisition Parcels to lAC; and <br /> <br /> WHEREAS, the Agency has made available copies of the DDA to <br />members of the public for comment and held a duly noticed public hearing on <br />the DDA in accordance with Section 33431 of the California Health and Safety <br />Code; and <br /> <br /> WHEREAS, the Agency has reviewed and considered the DDA, a copy of <br />which is on file at the office of the Agency's Secretary at 1017 Middlefield Road, <br />Redwood City, California, together with the Report of the Agency staff to the <br />Agency on the DDA. <br /> <br /> NOW, THEREFORE, THE AGENCY DOES HEREBY RESOLVE AS <br />FOLLOWS: <br /> <br /> That certain agreement entitled, "Disposition and Development <br />Agreement for Franklin Street Project," by and between Irvine Apartment <br />Communities, L.P., and this Agency bearing the document revision identification <br />"9627:83976.23", which has been executed by lAC and delivered to the <br />Executive Director of the Agency, hereby is approved by the Agency, and the <br /> <br /> 2 RD99-30 <br /> lAC DDA RD 99- <br /> AKIDES: 7/12/99 <br /> <br /> <br />