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<br /> MINUTE ORDER <br /> REDEVELOPMENT AGENCY MEETING <br /> CITY COUNCIL MEETING <br /> AuQust9.2004 <br /> MO RD 04-14 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />DATE: August 10,2004 <br />Attention: City Attorney <br /> Redevelopment & Planning Departments <br /> Finance Department <br />SUBJECT: Agreement for Purchase and Sale of property located at 707 <br /> Bradford St. to landbank for Affordable Housing and/or a child <br /> care facility - Redevelopment Agency <br />AGENDA ITEM: 5.1 F (405) <br />Joint Meeting of the City Council and Redevelopment Agency on August 9, 2004. <br />Present: Council Member Bain,Hartnett, Howard, Ruskin, Vice Mayor Pierce and Mayor <br />Ira <br />Absent: Council Member Foust <br />The following motion was made, carried and entered into the Minutes <br />MIS Hartnett/Howard <br />1. Agency authorization to execute Purchase and Sale Agreement to purchase 707 <br />Bradford Street between Family Services Agency of San Mateo County and the Agency <br />for $1.4 million; <br />2. Agency authorization to appropriate $1,127,438.00 of housing set-aside funds <br />allocated in the Agency's Housing Capital Budget for FY 2004-05 for the $1.4 million <br />purchase price; and <br />3. Agency authorization to appropriate an amount not to exceed $299,600.00 of RDA <br />General Fund - Childcare Site Acquisition budgeted for FY 2002-03, of which <br />$272,562.00 is for the balance of the $1.4 million purchase price and the remaining <br />$27,000.00 for related due diligent reports and closing costs. <br /> I <br />"'....-.----.",."..' .".---..--'--'..- <br />