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0 R I G I N A L 6/30/97 <br /> RESOLUTION NO. RD-97-09 RD 97-09 RD-97-9 RD 97-9 <br /> <br /> JOINT RESOLUTION OF THE CITY OF REDWOOD CITY AND THE <br /> REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY <br /> APPROVING AND AUTHORIZING ASSIGNMENT OF DEVELOPMENT <br /> AGREEMENT FOR THE MEZES PLAZA PROJECT AND INTERESTS AND <br /> OBLIGATIONS THERETO <br /> <br /> WHEREAS, MEZES GROUP, INC., a California Corporation <br /> ("Developer") and the REDEVELOPMENT AGENCY OF THE CITY OF <br /> REDWOOD CITY ("Agency") executed a Disposition and Development <br /> Agreement ("DDA") effective as of the first day of November, 1994, from time <br /> to time extended and amended, for the development of the Project to be <br /> constructed on Parcel "A" and certain adjoining parcels, all as described in <br /> the DDA, to which DDA the CITY OF REDWOOD CITY (the "City") is a party <br /> to the limited extent that the City is to contribute to the Project an easement <br />_ eight (8') feet in width for underground parking under the portion of <br /> Broadway that abuts the Project Site; and <br /> WHEREAS, MEZES PLAZA ASSOCIATES is a California Limited <br /> Partnership which is wholly owned by Joseph Brady, John Berry, Patrick <br /> Edens, Otello Ascani, as limited partners, and the Mezes Group, Inc. as its <br /> general partner ("Assignee"); and <br /> WHEREAS, Developer desires to assign its interests in and obligations <br /> under the DDA to Assignee and, in conformity with Sections 109 and 512 of <br /> the DDA, has requested the Agency's prior written approval for such <br /> assignment; and <br /> WHEREAS, Developer has provided Agency and City with <br /> information and assurances that such assignment will enhance <br /> implementation of and the Agency's security in the Project, which <br />_ I <br /> Mezes Assignment: AK/DES: <br /> June 20, 1997 <br /> <br /> <br />