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<br /> REPORTER'S TRANSCRIPT OF PROCEEDINGS TAKEN 5-24-04 <br /> 1 information, the developer is required to put up 20 <br />I 2 percent up front of the cost for all these <br /> 3 improvements, so that's not triggered by the 500 <br /> 4 unit count, the others are. <br /> 5 COUNCIL MEMBER HOWARD: Is that enough to <br /> 6 get started on Blomquist? <br /> 7 MR. PASSANISI: That plus the traffic fees <br /> 8 we have, I believe so, but... there's enough money <br /> 9 to front the project. <br /> 10 MR. EVERETT: Yeah. My guess is if all <br /> 11 we're doing is getting 20 percent, we could start <br /> 12 doing final design wo r k, but we certainly couldn't <br /> 13 do any construction with just 20 percent. Once we <br />¡ <br /> 14 let a contract, we have to have the whole amount. <br /> 15 MAYOR IRA: If you could just list your <br /> 16 concerns and then we'll go down the line here and <br /> 17 it - - if it's going to take, you know, two hours. <br /> 18 COUNCIL MEMBER HOWARD: No. <br /> 19 MAYOR IRA: Not just for you, if we tried <br /> 20 to get this completed tonight and do this, we may <br /> 21 need to list things out. We may have to direct <br /> 22 staff that we want more specific information back <br /> 23 on these particular issues. <br /> 24 MR. EVERETT: Right. <br /> 25 MAYOR IRA: You know, I mean, I know we all <br /> UCCELLI & ASSOCIATES 224 <br /> (650) 952-0774 <br /> .-" <br />