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<br /> REPORTER'S TRANSCRIPT OF PROCEEDINGS TAKEN 5-24-04 <br />1 the project. <br />2 When you factor that into the number of <br />3 students that we're going to be generating, what we <br />4 end up paying is approximately 4.5 times what a <br />5 single-family residential development would pay. <br />6 And finally, Dr. Crates (phonetic) had <br />7 submitted a letter to you suggesting a summit <br />8 meeting, if you will, between the school district, <br />9 developers and land owners on the bayfront side. <br />10 We certainly support that summit and would be a <br />11 willing participant in that process. <br />12 Next. <br />13 Water supply, much progress has been made <br />14 by the City and its task force on this issue. <br />15 Public works expects to be back before you with an <br />16 implementation recommendation, well ahead of our <br />17 schedule, as you'll see in a minute. <br />18 Next. <br />19 While I'll expect you'll hear from many of <br />20 our supporters this evening as to what the project <br />21 means to Redwood City, I can't help but restate the <br />22 point a few times. <br />23 Next. <br />24 You know, we're going to be providing <br />25 nearly 300 affordably priced homes on a voluntary <br /> UCCELLI & ASSOCIATES 50 <br /> (650) 952-0774 <br /> .. <br />