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Recommendation: 1. By motion, approve the Settlement Agreement by and befinreen the City of Redwood City and Citizens for the Public Trust and Ted J. Hannig. 2. Adopt a Resolution approving a budget amendment to (1) transfer $1,500,000.00 from the general fund to the general liability self-insurance fund; and (2) transfer $3,000,000.00 from the general fund to the Docktown Marina Fund. MINUTE ORDER 16-020 RESOLUTION NO. 15472 OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING A BUDGET AMENDMENT TO (1) TRANSFER $1,500,000 FROM THE GENERAL FUND TO THE GENERAL LIABILITY SELF-INSURANCE FUND AND APPROPRIATE THE FUNDS FOR CLAIM SETTLEMENT AND (2) TRANSFER $3,000,000 FROM THE GENERAL FUND TO THE DOCKTOWN MARINA FUND AND APPROPRIATE THE FUNDS FOR A CAPITAL EXPENDITURE PROJECT FOR SETTLEMENT-RELATED DOCKTOWN ACTIVITIES The following members of the public spoke regarding this project: ➢ Francesca Fambrough ➢ Thomas Williams ➢ Lee Callister ➢ Lilley Yee � ➢ James Jonas ➢ Alison Madden � ➢ Kris Johnson ➢ Mary Bernier ➢ Edward Stancil ➢ Julie Pardini ➢ Captain Aimee Groce ➢ Suzanne Chowla ➢ Diana Reddy ➢ Billy James ➢ Dan Ponti M/S Gee/Masur to approve the Settlement Agreement by and between the City of Redwood City and Citizens for the Public Trust and Ted J. Hannig. M/S Aguirre/Borgens to adopt a resolution approving a budget amendment to (1) transfer $1,500,000.00 from the general fund to the general liability self-insurance fund; and (2) transfer $3,000,000.00 from the general fund to the Docktown Marina Fund. Motion carried unanimously by electronic vote. � � JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ January 25, 2016 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 7 MINUTE BOOK N0. 66 Paqe Nq. 60