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One Council Member inquired how this will impact projects which are in the pipeline and Mr. Aknin said that it would depend on what allocation they already have and if they are already grandfathered in. This Council Member inquired about parks and having a conversation on how to add these or when the Council will have a conversation about this issue. Another Council Member inquired about the Transportation Demand and Mr. Aknin said that is in the forefront of staff's mind. One Council Member inquired if the height is going to trigger more benefit and the consultant said that not necessarily. This Council Member really appreciated the community fund approach and she found the report very interesting. Another Council Member thanked staff for the report and he thanked the community for the input. He added that it is important to realize that it is a little rough right now but the ultimate goal is positive and at we are on our way to success. This Council Member said that while the City has already collected a lot of benefits this is being even more proactive because we lost the Redevelopment Agency. He does not think the framework is missing anything and so his questions are for down the road. In his view what should be prioritized is market flexibility and being able to adapt. He is looking for flexibility and he supports the nexus studies, and he supports the percent for art or an in lieu fee and yes on the affordable housing at 20% level. Vice Mayor Foust thanked staff and the community and she agreed with community comments related to "this should benefit all" and "we want it all". She would like to have an approach that includes housing for all levels. Vice Mayor Foust said she sits on the Workforce Investment Board and this is a great example of opportunities being created for community members and different trades. Vice Mayor Foust thanked Jason Newblanc in the audience for all his commitment to arts in Redwood City and while this was not a possibility in 2007 because of the economy she believes at least a one percent or more should be instituted. She thanked many other local Art supporters who have worked really hard to making so much happen in Redwood City and she would supports a nexus study. Vice Mayor Foust asked various business owners and community members to support this process as she and the Council appreciate when people get involved. She also shared information from a meeting with Congresswoman Jackie Speeier and how model programs were shared and she was impressed. Another Council Member really appreciated the outreach and she acknowledged how the Council and staff have worked really hard to make things happen and this was an investment and the desired outcome is what we have today. She echoed the comments from Vice Mayor Foust and she believes Redwood City has matured and that we are creating something beautiful and an environment that attracts developers. So she thinks it is right to ask developers for help to make it even better and she supports the nexus study and communicating with the School District. She supports the nexus study, the park fee and she supports a percent for art as well as the developer fee. She thanked the residents of Redwood City who hung in there and waited until now when we can have a robust conversation about art. She supports the affordable housing fee as soon as possible and the TDM should be adopted as an ordinance and she supports the community fund and how it is important that this fund be sustainable especially for HSFA (human services financial assistance) and she believes the Housing and Human JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ March 23, 2015 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 8 MINUTE BOOK NO. 65 Page No. 354