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JAH:djm 06/14/90 (R-14/#27) <br /> <br /> JUL 9 1990 <br /> RESOLUTION NO. RD-90-09 <br /> <br /> RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF <br /> REDWOOD CITY APPROVING AND AUTHORIZING EXECUTION OF TAX <br /> INCREMENT AGREEMENT WITH THE SAN MATEO COUNTY COMMUNITY <br /> COLLEGE 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 Community <br /> College District Covering Tax Increment from Amendment <br /> No. 2 of Redwood City Redevelopment Project No. 2; <br /> <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 Community College District and that the <br /> <br />payments are necessary to alleviate such financial burden or <br />detriment. <br /> <br /> <br />