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JSH: djm 2 8 8 9 11 2 5) <br />D E U l..€ 1 98� <br />R E S C L U T 1 o N N o R D- 89 .. <br />RESO of TH R AG OF TH C OF <br />REDWOOD CITY APPROVING AND AUTHORIZING EXECUTION OF TAX <br />I NCREMENT AGREEM W H M U R OPEN <br />S PAC E DI STR I CT <br />BE IT RESOLVED, bar the Redevelopment Agency of th City of <br />Re dwood City, as f ollows : <br />1. That certain agreement entitled <br />Agreement Between the Redevelopment Agency of the city <br />of Redwood City and the Midpenin ula Regional Open <br />Space Distract Covering Tax Increment f rom Amendment <br />No , 2 of R City R Pro No, ; <br />hereby is approved, and the Ex ecutive Director and the S ecretary <br />are directed to execute and attest the agreement. <br />2, This Agency's approval of said agreement is based on <br />the Agency's finding, which finding is supported by the <br />substantial evidence to such effect set forth in the Report o <br />the Fiscal Review Committee to this Agency received November~ 13, <br />1989, which evidence is incorporated in this resolution by thi <br />reference, that the provision for tax increment f inancing ire the <br />Second Amendment will cause a financial burden or detriment to <br />the Midpeninsula Regional open Space District and that the <br />payments are necessary to alleviate such f inancial burden o r <br />detriment. <br />