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8/31/98 <br /> <br /> ORIGINAL <br /> <br /> RESOLUTION NO. 13451 <br /> <br /> RESOLUTION APPROVING AGREEMENT FOR THE <br /> CONVEYANCE OF REAL PROPERTY TO THE <br /> REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD <br /> CITY, AUTHORIZING EXECUTION THEREOF AND <br /> AUTHORIZING EXECUTION OF DEED OF CONVEYANCE <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Redwood City (the <br />"Agency") intends to acquire certain real property located at the corner of <br />Broadway Avenue and Jefferson Street (the "Broadway Avenue Property"), <br />Redwood City, California; and <br /> <br /> WHEREAS, the Redwood City Elementary School District (the "District") is <br />the owner of the Broadway Avenue Property; and <br /> <br /> WHEREAS, the District is not willing to sell the Broadway Avenue <br />Property to the Agency or to any third party; and <br /> <br /> WHEREAS, the District is willing to exchange the Broadway Avenue <br />Property for the real property located on Bradford Street (the "Bradford Street <br />Property") which is owned by the City of Redwood City ("City"); and <br /> <br /> WHEREAS, in order to consummate the exchange of properties with the <br />District, it is necessary for the Agency to acquire fee title to the Bradford Street <br />Property; and <br /> <br /> WHEREAS, the Bradford Street Property is not used by City for municipal <br />purposes; and <br /> <br />F:~share~Redwood~Council't 1 <br />Reso-490 <br />FXS:rg <br />08/26/98 <br /> <br /> <br />