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RESOLUTION NO . 7759 RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT FOR MANAGEMENT OF STORM WATER HOLDING BASIN AND MITIGATION POND , AND FINDING CERTAIN MITIGATION AGREEMENT CONSISTENT WITH INTERESTS OF REDWOOD CITY AND GENERAL IMPROVEMENT DISTRICT NO . 1- 64 DES ; dp : 2/4/77 ORIGINAL r- 1 _ WHEREAS , Mobil Oil Estates (Redwood ) Limited [ ''Mobil " It the owner and developer of the largest area of privately-owned property located within Redwood City General Improvement District No . 1- 64 , proposes to develop and improve some 210 acres of land within said District , including portions of Phelps Slough ; and WHEREAS , in connection with such development and improvement Mobil has applied to the U . S . Army Corps of Engineers for a permit to fill certain of said lands ; and WHEREAS , as a condition to the issuance of such permit , Mobil has been required , by the U . S . Fish and Wildlife Service and the California Department of Fish and Game , to enter into a mitigation agreement involving the Phelps Slough lands ; and WHEREAS , said mitigation agreement requires , in part , that the City Council of Redwood City find that the mitigation agreement and the mitigation plan (hereinafter described ) are consistent with the City ' s interest and that of Redwood City General Improvement District No . 1 - 64 ; and WHEREAS , in order to effectuate a portion of the aforementioned Phelps Slough mitigation agreement it is necessary that the City , Mobil , and the Department of Fish and Game enter into a separate agreement providing for a mitigation plan by which a portion of Phelps Slough will be used primarily as a storm water drainage and flood control system , and incidentally as a wildlife habitat and 7759