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� o � MayO� MIfMAEL J. 6ARRETT Re�� M IN U T E S vice Meyor S I LL a►wo�s C I TY COUNC I L GOUNC I LMEN� �� MAR10 BIAGI Roe�ar M. BURY BOARD OF SUPERVISORS CHAMBERS GERAI.D R. cH�NC�ea � 401 MARSHALL STREET MAp6UER1TE LEIPIIG � .. _ . eoe NORII I S BOARD OF DIRECTORS GID NO. 1-64 January 29, 1979 � 'ourned Meetin � The Council of the City of Redwood City met as the Board of Directors of ood City General Improvement District No. 1-64 on this date at 7:35 m. , witt� Chairman Barrett presiding. Director present: Biagi, Bury, Chandler, Leipzig, Norris, Rhodes and Chairman Barrett Directors ab ent: None Otficials and s aff present: District Manager Fales, District Attorney Schricker, Assis ant District Manager Smi.th, District Public Works Director Pusich, puty District Clerk Pledge of Allegi�nce Councilman Bury GENERAL IMPROVEMENT DIST CT NO. 1-64 - Commitment Letter and Pro sed A reements Series E Bonds Chairman Barrett noted that t meeting was for the special purpose ,�,u,� of considering matters relatin to GID 1-64. District Manager Fales referred to the two reports date January 24, 1979 submitted by him � to the Directors relating to a pr osed GID 1-64 bond sale and to a pro- posed agreement with Orrick, Herri ton, Rowley and Sutcliffe, bond counsel. He indicated that the Coun il acting as Board of Directors for GID 1-64 wi11 make the decision a this meeting whether or not to proceed with a bond issue, and that a cision to go forward will lead to further, basically mechanical, decisi ns in the forthcoming weeks. District Attorney Schricker advised that h had received the original of the commitment letter from Mobil Corporat'on and proceeded to ` � distribute copies to the Directors, noting th3�t a facsimile had pre- viously been distributed to them and that the o�iginal is substantially the same. Discussion followed regarding the extent of commitcl�ent by Mobil Cor- poration in its letter and the analysis by Bartle We��ls Associates provided in their letter of January 18, 1979. - '`� . Raymond K. O'Neil, Bartle Wells Associates, San Francis'�o, commented and replied to questions by the Directors regarding the p�oposed bond issue. �� Continued discussion related to the importance of providing ter service to the residents of Redwood Shores, presently furnishe to � that area by Belmont Water District under a contract which will xpire � in 1980. Mr. Fales described attempts over a period of time to go- � tiate a written contract with the Water District that would provid `, L