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<br /> . H ,. <br /> the individual buyers; and on page 31, Section 703 referring to Section <br /> 502, Designation of Replacement Units, Mr. Svoboda described the four <br /> units lost during the Sequoia Station construction are to be replaced by <br /> four affordable units in the Wyndham Project which will count towards the <br /> - total affordable units in Redwood City, which is tracked in Sacramento. <br /> Mr. Svoboda advised that interest rates will impact sale prices, and <br /> occupancy is scheduled in eleven months. <br /> TITLE READ: MIS: SANFILIPO/LA BERGE <br /> RESOLUTION NO. RD 94-2 OF THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD <br /> CITY APPROVING AND AUTHORIZING EXECUTION OF DISPOSITION AND DEVELOPMENT <br /> AGREEMENT <br /> ADOPTED BY UNANIMOUS ROll CALL VOTE. <br /> Scott Steit1er of Stellar Homes presented a check in the amount of <br /> $20,000 to Mayor Buchan as a deposit for this project which was greeted <br /> with much applause. <br /> MEMO 11/12/94 <br /> 4. CLOSED SESSION <br /> None scheduled <br /> 5. ADJOURNMENT <br /> MIS: GASPARINIllA BERGE TO ADJOURN THE MEETING. <br /> CARRIED BY UNANIMOUS VOICE VOTE AND MEETING ADJOURNED AT 11:00 p.m. <br /> - <br /> ~C.~ <br /> Arlyn C. Jorgenson <br /> Redevelopment Agency Secretary <br /> Special Redevelopment Agency Agenda <br /> - January 10, 1994 <br /> Page 3 <br /> MINUTE BOOK NO.1 <br /> Page No. 158 <br />