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,L <br /> <br /> 8/14 <br /> <br /> RESOLUTION NO. RD-00-54 <br /> <br /> RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE <br /> CITY OF REDWOOD CITY AUTHORIZING EXECUTION OF <br /> AMENDMENT TO DEED OF CONVEYANCE <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Redwood City (the <br />"Agency") conveyed the property known as 3426, 3436, 3446, 3456, 3466, 3476- <br />3480, 3486 Rolison Road and 1181 Haven Avenue, Redwood City, (the <br />"Property") to Habitat for Humanity, Inc., a not for profit corporation, ("Habitat"), <br />by grant deed (the Deed"), as evidenced by resolution No. RD-39, approved on <br />April 24th, 2000 by the Board of Directors of the Agency; and <br /> <br /> WHEREAS, the Deed contained restrictions including a restriction against <br />further encumbrance of the Property; and <br /> <br /> WHEREAS, Habitat has requested the right to further encumber the <br />Property to finance a portion of the construction of affordable housing units on <br />the Property; <br /> <br /> WHEREAS, there has been presented to and reviewed by the Board of <br />Directors of the Agency a deed of conveyance transferring ownership of the City <br />Properties to the Agency; and <br /> <br /> WHEREAS, there has been presented to and reviewed by the Board of <br />Directors of the Agency an amendment to the Deed. <br /> <br /> NOW, THEREFORE; <br /> <br />F:~shared\Redwood\Council\ 1 <br />Reso-970 <br />FXS:fs <br />08107/00 <br /> <br /> <br />