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C. Second Implementation Agreement for Amended and Restated Disposition and <br />Development Agreement for Downtown Retail- Cinema and Parking Project (100) <br />Economic Development Coordinator Webb explained the second implementation <br />agreement that deals with two separate issues: the $7.5 million developer payment <br />for the air rights and when the developer should repay to the City the cost of <br />abatement and demolition of buildings on the site. <br />Recommendation: <br />M/S Howard /Ruskin to approve a Second Implementation Agreement with the City <br />of Redwood City, the Redevelopment Agency and BHV Innisfree Ventures, I, LLC, <br />developers of the project, for the Amended and Restated Disposition and <br />Development Agreement for the Downtown Retail- Cinema and Parking Project and <br />authorize the City Manager and the Redevelopment Agency Executive Director to <br />execute same. The motion passed by a majority voice vote by those present <br />with Vice - Mayor /Chairperson Ira abstaining and Council /Agency Member <br />Jordan absent. MINUTE ORDER 03 -233 <br />RD MINUTE ORDER 03 -29 <br />13. ADJOURNMENT — 8:35 P.M. <br />M/S Ruskin /Hartnett to adjourn until the next regular City Council meeting of October <br />13, 2003 in memory of Murdo Donald Morrison, AIA, who served on the Redwood City <br />Architectural Review Committee and generously contributed his training and talents <br />through public service in many ways. <br />Respectfully submitted, <br />Patricia S. Howe, CMC <br />City Clerk <br />JOINT REGULAR CITY COUNCIL SEPTEMBER 22, 2003 <br />AND REDEVELOPMENT AGENCY MEETING MINUTES PAGE 11 <br />MINUTES Book No. 60 <br />Page 69 <br />