And the very first hit there is:
http://homeguides.sfgate.com/redwood-rot-99622.html
Which - among other things - says this - the very same things others here have said:
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Physical Rot Prevention
The major cause of rot in redwood is persistent moisture. Even redwood's resistance to cracking and rot will eventually diminish if the wood becomes wet and stays that way, so the first step to making redwood virtually rot-proof is to ensure that doesn't happen. Decks need to be designed in such a way as to ensure that moisture cannot pool on the surface, which ought to prevent the planks from rotting. Any deck or fence post that is placed in an area where water naturally pools needs to be set so as to better protect that part of the post that is underground. For minor problems, set the post in concrete and then sculpt the top of that concrete plug so it slopes downhill and away from the fence post. For severe problems, dig a drainage ditch or install an underground drainage canal.
Refinishing for Rot Prevention
The other way to keep moisture, and thereby rot, out of redwood is to either seal the redwood to repel moisture directly, or to top up the redwood's natural water-repellent qualities. The former course involves the application of two or more coats of outdoor water sealant. This is often used for decks, but can just as easily be applied to any other outdoor redwood application. The latter course involves applying a wood oil finish to the redwood, and perhaps the most logical type of oil to use is redwood oil,
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The "rot inhibitor" you're looking for is to *prevent the wood from staying wet*.
If you cannot - because as in this case it is an exterior sill - you have to let
the wood dry, remove the rot and finish it with a sealer. Since this is not trivial
to do, there is the reasonable suggestion above to replace the bad piece of wood.
Public Service Announcements: It's ill mannered to call people names when they're trying to help you.