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1) Staff report; REPORT: City Engineer, December 11, 1995 Project and Systems Engineer Vorametsanti presented the staff report, showed overheads of the area involved, described maintenance impacts and the method of assessment, and outlined the removal of some land to be maintained by the neighbors, at their request, and included in the final plan. Bill Euphrat, financial consultant, described the concept of assessment districts, the formula used to assess the valuation and assess each parcel, the assessment secured by a lien on the assessed property, the low to high maintenance determined by natural conditions, and the City's contribution. In answer to Council questions Mr. Euphrat described the small percentage of commercial property involved, the benefit others outside the Lido neighborhood will derive from the subject landscaping; the yet to be determined turf and play structure ratio, and the Council's annual responsibilities in reviewing and setting assessments. 2) Open public hearing; Mayor Hartnett opened the public hearing at 8:43 p.m. 3) Hear public comment; Michael Gibson, representing Redwood Shores Properties, Inc., one of the largest land owners in the district, used overheads to show the open space involved and the nature of improvements in the area. Neal Sims, 7 Buccaneer Lane, Redwood City, representative of the Home Owners Association in the California Bayside at the Cove, advised Council that the residents were very supportive of the revised proposal, that they had worked very closely with the developers and appreciated everyone's willingness to accede to the neighbors wishes to exclude a small portion of landscaping area from the district and allow the neighbors to maintain it at a higher level. In response to Council questions, Paul Lopez, Kaufman and Broad, one of the largest land owners in the district, assured everyone that a full disclosure of this assessment will be made to all future property owners in the district. Don Warren, Redwood Shores Properties, Inc., master developers, expressed strong support for the assessment district and described the outstanding environment that will be created in the Lido Development and its positive impact on all of Redwood Shores. MINU~E BOOK NO. 53 Page No. 476 Regular Meeting Minutes December 11, 1995 Page 8