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CGM:dp:4/25/78 R E S O L U T I O N N O. 8049 MAY 1 1978 RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF PROPERTY LINE SETTLEMENT AGREEMENT WITH THE STATE OF CALIFORNIA (STATE LANDS COMMISSION) AND WESTERN REAL ESTATE DEVELOP- MENT CORPORATION RELATING TO PROPERTIES IN THE VICINITY OF WALNUT STREET, VETERANS BOULEVARD, AND REDWOOD CREEK, IN THE CITY OF REDWOOD CITY WHEREAS , the City of Redwood City was granted in trust, pursuant to Chapter 34 , Statutes of 1954 (1st Extra Session) , certain lands by virtue of said State' s sovereignty therein, in the vicinity of Walnut Street, Veterans Boulevard and Redwood Creek in the City of Redwood City; and WHEREAS , a boundary dispute with respect to private lands in the vicinity of the aforementioned lands held in trust by the City, has arisen between the State of California and Western Real Estate Development Corporation as to the title to certain portions of real property which were granted by the State to the City in the aforementioned State land grant; and WHEREAS , the State and City have reviewed the title issues and the State has recommended to the City that the title contro- versy to the aforementioned lands be settled through an agreement exchanging lands between the State acting by and through its State Lands Commission, the City and Western Real Estate Development Corporation; and WHEREAS , it is the understanding of the City, State , and Western Real Estate Development Corporation that this agreement exchanging lands is to be accomplished in connection with (1) a public agency permit to be issued to City by the State acting by and through its State Lands Commission and (2) a maintenance agreement between City and Western Real Estate Development Corporation through which Western shall assume and be responsible for City ' s obligations so 0I9