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. I 'I ADDITIONS TO THE MINUTES OF DECEMBER 5, 1994 - Mike Church - I'm to present a history of redevelopment in the City of Redwood City. The Redevelopment Agency was established in, or activated in 1982, and at that time there were four subareas that were established called "Gateway Center Marina and Seaport". The Redevelopment Plan was first amended in 1985 and the most recent amendment which you are probably mostly familiar with in 1990 which incorporated most of the territory, between El Camino Real and Veterans Boulevard. In terms of projects, the early projects that were done, the first one was Seaport Boulevard, this shows the interrelationship with the project areas. The pink areas as you see here, this was Gateway, this was the center subarea, this was Marina, this was Seaport covering the Port jurisdiction of what became Seaport Center. The first amendment added a small piece of property between Franklin and Jefferson here, the second amendment in 1990 added the area seen as blue and incorporated these two small areas into one large one. History of the projects include funding through the Redevelopment Agency to Heron Court in 1982, 83, Seaport Center which is actually not on the list but which was one of the very first, was the very first project that the agency did. Here is the Sequoia Station as you all know, the Main Middlefield project. And we'll show later on some graphics and some models of the concept of that project. The PineIMiddlefield Project, the shared housing development that the Agency provided a small amount of money for culminated in 1991 in the bond issue. Seaport Center, we'll show you some slides for those of you who have never been out there is a million and a quarter square foot office space that was built with an agreement with the Redevelopment Agency. The Agency agreeing to - provide funding for the improvements to Seaport Boulevard out to the center and Seaport Center itself would not have occurred without those improvements to the access. Sequoia Station, as you know, this is an early rendering of the project, pretty fairly reflects how it looked. MainlMiddlefield Project these are some renderings that were done some months ago, in advance of the concept that you'll see later on. Michael Church: (After Finance Director Ponty's discussion of tax increment.) It's ajoint venture between Sausalito Equity......Safeway, SamTrans, CalTrans and the Redevelopment Agency of the Cty of Redwood City and the City itself which was a signator to the DDA. This map, this map is, slightly blurred shows the original parcelization of the Sequoia Station site prior to redevelopment. There were, I think 13 separate parcels......there was a creek that flowed across the side that divided some of the large parcels and some of the smaller ones. This piece here is not included in the development at this time. This is the CaiTrans station here where the work is progressing now.......This is the site plan as it was finally developed. The red area here is the Park Chevrolet site that's not included. This is the project as it looks ttom Jefferson Avenue. And this is the car dealership. One of the issues that we will be hearing about on the 19th of December is the result of the owner participation process that was started in October......We sent out offers to participate to all of the interested parties and the responses to that will be before you on the 19th for some future action. This issue of Sequoia Station and the funding of Sequoia Station has been of some interest lately and.......I've got Tim Kelly here ttom Keyser Marston who is intimately involved with the - development of the DDA and the deal that was arranged with the developer for this project........Before I get too involved in the debate here, I wanted to just emphasize that the project Redevelopment Agency Joint Study Session Minutes December 5,1994 MINUTE BOOK NO. 52 Page 6 Page No. 231