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JSH:djm ]1/28/89 (111/#25) <br /> <br /> -- Dgu 0RIG;NAL <br /> <br /> RESOLUTION NO. RD-89-20 <br /> <br /> RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF <br /> REDWOOD CITY APPROVING AND AUTHORIZING EXECUTION OF TAX <br /> INCREMENT AGREEMENT WITH SAN MATEO COUNTY HARBOR <br /> DISTRICT <br /> <br /> BE IT RESOLVED, by the Redevelopment Agency of the City of <br />Redwood City, as follows: <br /> <br /> 1. That certain agreement entitled - <br /> <br />Agreement Between the Redevelopment Agency of the City <br />of Redwood City and the San Mateo County Harbor <br />District Covering Tax Increment from Amendment No. 2 of <br />Redwood City Redevelopment Project No. 2; <br />hereby is approved, and the Executive Director and the Secretary <br />are directed to execute and attest the agreement. <br /> <br /> 2. This Agency's approval of said agreement is based on <br />the Agency's finding, which finding is supported by the <br />substantial evidence to such effect set forth in the Report of <br />the Fiscal Review Committee to this Agency received November 13, <br />1989, which evidence is incorporated in this resolution by this <br />reference, that the provision for tax increment financing in the <br />Second Amendment will cause a financial burden or detriment to <br />the San Mateo County Harbor District and that the payments are <br />necessary to alleviate such financial burden or detriment. <br /> <br /> <br />