Resolution PC 98-2 Electronic Arts Flatirons Funding

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RESOLUTION No. PC 98-2 RESOLUTION RECOMMENDING THE APPROVAL OF THE AMENDMENT TO THE DEVELOPMENT AGREEMEMT FOR THE ELECTRONIC ARTS HEADQUARTERS :MASTER PLAN (FLATIRONS FUNDING) 0n motion of Planning Commission Member Sanfi -l .. duly seconded and carried on January 8, 1 998., the following resolution was adopted: WHEREAS, an application has - been submitted by Electronic Arts Redwood, lnc., as agent for Flatirons Funding, Limited Partnership (Electronic Arts "), for an Amendment to the Development .Agreement approved by the city Council on August 28, 1998, as evidenced by - ordinance No. 2114 (the ".Development Agreement "), on the : property generally :described as a 4:5 acre .site, more or less, at the corner of Redwood shores Parkway and Twin Dolphin Drive (the "Electronic Arts Property" }; and WHEREAS subsequent to the approval of the Development Agreement, Electronics Arts resubdivided the Electronic Arts Property; and WHEREAS, subsequent to the approval of the Develaprnent Agreement, Electronic Arts transferred that certain parcel of real property referred to as Parcel B ( "Parcel B ") on the Final Map recorded on !March 27, 1997., in volume 127 of Maps, pages 88 -89, with the San Mateo County recorder's office (the "Final Map ") to Shorebreeze Associates; and WHEREAS, Shorebreeze Associates is the owner of that certain real property located next to electronic Arts Property, which real property includes Parcel .S (the ` =Shorebreeze Associates .Property "); and