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. . I . - Buchan Claire Howard La Berge Leipzig Ruskin Hartnett Totals - Dixon X 1 Garcia X X X X X X X 7 Pine X X X X X X 6 Mayor Hartnett announced that Ralph Garcia and David Pine were reappointed to the Planning Commission for terms expiring June 30, 1999, and thanked Pat Dixon for her insights and her willingness to serve her community. MINUTE ORDER NO. 96-143 ------------------______n______------------------------------------------------------------------------------------------ 3) Review of Redevelopment Agency Budget and 1991 Series B Bond; recommended changes REPORT: Material for June 17,1996 Budget Study Session including Redevelopment Agency Draft Budget Director Church showed slides and presented an overview of the Redevelopment Agency budget. Director Church said the statutory objectives of redevelopment included removal of blight, prohibition against discrimination, expanding the supply of low and moderate income housing, and establishing decent housing and employment opportunities He said that redevelopment has two basic powers: eminent domain and the ability to - subsidize development Director Church said the only source of revenue is from tax increment funds. Tax increment is the property tax that is added by new development that occurs AFTER the Agency is created. The original amount of property tax which existed before redevelopment continues to be distributed to the different taxing agencies (school districts, City, County and special districts.). Director Church showed slides of pie graphs identifying taxing agencies sharing in property tax dollars: Redwood City at 25%, the County at 23%, Redwood City schools at 23%, Sequoia High School at 15%, the College District at 7% and others at 7%. Director Church described the Agency's accomplishments in 1995-96: . Approval of the DDA for the City Center Project; . Progress on the purchase offer for a 8 unit complex on the 3400 block of Rolison Road; . Completion of the Economic Development Strategy document; . Continued progress on the Mezes Plaza project; . Met with an ad hoc committee regarding the Retail Anchor Program; . Identified the most feasible Auto Mall sites and met with property owners; . Marketed the Storefront Improvement Program. - Director Church showed slides of the Rolison Road site and some of the other projects listed above including several storefront improvement sites. ' M.BOOK No. 54 MINUTES JUNE 17, 1996 Pg. 299 SPECIAL COUNCIL MEETING PAGE 10