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DES:em 8/4/70 ~'. .. . ORIGINAL SIP 14 19/~ RES 0 L UTI 0 N ---------- N O. ~d17? RESOLUTION AUTHORIZING EXCHANGE OF REAL PROPERTY INTERESTS AND APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT AMEND- ING LEASE AGREEMENT OF REDWOOD CITY MARINE HARBOR REAL PROPERTY FOR BOAT SALES AND MARINE HARDWARE FACILITIES WlffiREAS, the city of Redwood city, as Lessor, and Howard Leahy, Jr., as Lessee, have heretofore made and entered into that certain lease agreement entitled IILease Agreement - Redwood City Marine Harbor Boat Sales and Marine Hardware Facilities," dated July 1, 1967 (hereinafter referred to as the basic lease agreement) 7 and '~HEREAS, the public interest, convenience, and necessity require the substitution and exchange of that certain real property more particularly described in Exhibit IIA" hereof, attached hereto, and by this reference incorporated herein, and designated "Parcel A (property to be conveyed by the Ci ty of Redvlood Ci ty) II for and in place of the premises leased pursuant to the basic lease agree- ment which property is described on pages one and two of said basic lease agreement and designated Parcel 1 and Parcel 2 therein, and which is also described in EXhlbit "A" hereof and designated IIparcel B (property to be received by the City of Redwood citv)"~ and hTHEREAS, the Ci ty of Redwood Ci ty and Howard Leahy, Jr. t propose to substitute and exchange the aforesaid Parcel A for and in place of the aforesaid Parcel B, and enter into an agreement providing therefor; and WHEREF~S I the Assessor of the Ci ty of Redvlood Ci ty has, pursua.nt to the provisions of subdivision (h) of Section 3-1/2 of the Charter of the City of Redwood City, made an appraisal of all the real property included within the proposed exchange and has found that the value of the property to be received by the city of Redwood City is equal to or greater than the value of the prbperty to be disposed of;