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301 <br /> AGENDA (continued) ACTION TAKEN (continued) <br /> PUBLIC HEARINGS (continued) PUBLIC HEARINGS (continued) <br /> 2. b. Final Budget approval (continued) those funds should be used for Chestnut Street, <br /> a transportation center, or the library, or <br /> some other Capital Improvement project. <br /> M/S: Britschgi/Bury to delete the $1.4 million <br /> "Special State Deflator Reserve" from the <br /> budget and place those funds in the Capital <br /> Improvement Program. <br /> Discussion followed regarding concern and un- <br /> certainties due to the economic situation and <br /> the possibility of losing State funds; the fact <br /> that it may be necessary to fall back on that <br /> reserve; that keeping the reserve at least for <br /> this fiscal year will allow time to review the <br /> Capital Improvements Program on a priority <br /> basis; and that it is prudent to be prepared <br /> by holding these reserves. <br /> MOTION WITHDRAWN: Councilman Britschgi, with <br /> the consent of his second, withdrew his motion. <br /> M/S: Bury/Stangel to close the public hearing. <br /> Carried unanimously and public hearing closed <br /> at 8:45 p.m. <br /> Title read. M/S: Chandler/Leipzig <br /> AN ORDINANCE OF THE CITY OF REDWOOD CITY ORDINANCE approved for first reading <br /> ADOPTING THE FINAL BUDGET OF THE CITY OF unanimously by roll call vote. <br /> rum REDWOOD CITY FOR THE FISCAL YEAR JULY 1, <br /> 1980 - JUNE 30, 1981; PROVIDING FOR THE <br /> arm APPROPRIATION AND EXPENDITURE OF ALL <br /> SUMS SET FORTH IN SAID BUDGET; PROVIDING <br /> FOR EMERGENCY EXPENDITURES, TRANSFERS, <br /> ADDITIONAL APPROPRIATIONS AND CANCELLA- <br /> TION OF EXISTING APPROPRIATIONS; AUTHOR- <br /> IZING CONTINUATION OF "SPECIAL STATE <br /> DEFLATOR RESERVE" PROGRAM; PROVIDING FOR <br /> THE DISPOSITION OF UNENCUMBERED MONIES <br /> AND FUNDS AT THE CLOSE OF FISCAL YEAR <br /> 1979 - 1980; AMENDING THE PROVISIONS OF <br /> SECTION 32.15 OF THE REDWOOD CITY CODE <br /> RELATING TO THE DISPOSITION OF PROCEEDS <br /> COLLECTED UNDER ARTICLE I CHAPTER 32 OF <br /> SAID CODE; ADOPTING THE BUDGETS FOR <br /> GENERAL IMPROVEMENT DISTRICTS NO. 1-64, <br /> NO. 1-65, NO. 2-65 AND NO. 3-65 FOR THE f; <br /> FOR THE FISCAL YEAR JULY 1, 1980 - <br /> JUNE 30, 1981; PROVIDING FOR INTERIM <br /> EXPENDITURES AS OF JULY 1, 1981; AND <br /> REPEALING ORDINANCE NO. 1789 AND ORDI- <br /> NANCE NO. 1819, AND ALL ORDINANCES AND <br /> RESOLUTIONS IN CONFLICT HEREWITH <br /> M/S: Leipzig/Rhodes (on recommendation of <br /> Mayor Biagi) to make a charge to the Senior <br /> Advisory Committee to make a study of the <br /> three senior citizens centers, and report back <br /> to Council in January 1981. <br /> Carried unanimously by voice vote. r, <br /> MINUTE ORDER NO. 80-108 <br /> P." Reg.Mtg. <br /> 7/14/80 <br /> Page 5 <br /> hose <br /> 1 <br /> ■ <br /> a { <br /> 4 <br />