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157 MOTION: Title having been read, Councilman Henderson introduced the following resolution and moved, seconded by Councilman Leipzig, its adoption: RESOLUTION NO. 7340 DECLARING ST. FRANCIS STREET owe FROM MADISON AVENUE TO THE VETERANS MEMORIAL BUILDING PARKING LOT AND NEVADA STREET FROM MADISON AVENUE TO THE VETERANS MEMORIAL BUILDING PARKING LOT, TO BE ONE-WAY STREETS The resolution was adopted unanimously by roll call vote. Postponement of Cordilleras Creek project City Manager Fales referred to his report to Council of January 10, 1975, to which was attached copy of the re- port of Director of Public Works and a copy of the pro- posed supplemental agreement between the City of Redwood City and the City of San Carlos. The supplemental agree- ment would have the effect of suspending activity on the project for two years, and was necessitated by several elements, among them the uncertainties created by the 1973 Flood Disaster Protection Act as well as the in- flated economy. If it is decided by both parties at the end of two years to proceed with the project, it would be necessary to enter into a new agreement. Mr. Fales responded to questions by Council, indicating .-�- that as much as the work as possible done to date, in- volving plans and specifications and engineering work, would be salvaged . Also, should the project resume after the two years, the whole process, including public informational meetings, would have to be repeated. City Attorney Schricker advised that on the subject of the funds forwarded to San Carlos, the draft supplemental agreement was based on the assumption no additional sums would be due and payable. He indicated it might be necessary to redraft that portion of the agreement. Mr. Fales also commented on discussions between the two cities with respect to maintenance of the channel, and indicated that if arrangements can be worked out with San Carlos, proposals for such maintenance would be brought back to the respective City Councils for con- sideration. Mrs. Reid, of the Northeast Redwood Neighborhood Associ- ation, reported loss of portions of her lot due to erosion from the creek, and inquired regarding flood insurance costs. Mr. Fales indicated that the only information the City has is what HUD has provided, and that an effort is being made to get a. postponement pending completion of studies, which have never been made, to be paid for by the federal government, to determine if the insurance is really needed. He explained that the flood hazard map simply designates a. large part of Redwood City as a flood hazard area without designating which properties are involved, depth of water, or whether the problem might be serious or minor. -2- Reg.Mtg. 1/13/75