CC MIN 1979 - Laserfiche WebLink

Browse Search

40g 'nston Tom, newly elected President, Redwood Shores Homeowners ociation, spoke of the Association's position on the proposed bond is e, that they believe it is necessary, but disagree with the approach reg ding issuance and repayment. He referred to the form letter sign by a number of Redwood Shores residents calling for bond sales only a ter approval by majority vote of the property owners, as well as two oth r recommendations. � (Note: a of 1/29/79, B o ard was advised that 233 signed form lettezs ,� had been r ceived. ) , Discussion c tinued relating to contradictions in the position of the Association a indicated in the mass mailing form letter calling for a , vote by proper owners while at the same time it was noted by the Board there had been essure from the same association calling for bond sales and demanding qui k action. MOTION: Director B agi moved, seconded by Director Bury, to acknowledge and accept Letter of Commitment dated January 29, 1979 from Mobil Cor- poration. The motion carried by 'ority voice vote. (MINUTE ORDER NO. 79-21) MOTION: Titles having be read, Director Chandler introduced the following resolutions and ved, seconded by Director Leipzig, their adoption: RESOLUTION NO. 8219 APPR ING AND AUTHORIZING EXECUTION OF AGREEMENT WITH MOBIL OIL E TATES (BAIR ISLAND INVESTMENTS) LIMITED RELATING TO PROVISI N FOR PAYMENT OF CERTAIN TAXES (GID 1-64) � RESOLUTION NO. 8220 APPROVING D AUTHORIZING EXECUTION OE' AGREEMENT WITH MOBIL OIL ESTATE (REDWOOD) LIMITED RELATING TO � CONSTRUCTION OF CERTAIN IMPRO TS AND PROVISION FOR PAYMENT OF CERTAIN TAXES (GID 1-64) The resolutions were adopted by majority oll call vote, Director Norris voting no. MOTION: Title having been read, Director No ris introduced the following resolution and moved, seconded by Director Bi gi, its adoption: RESOLUTION NO. 8221 APPROVING AND AUTHORIZ G EXECUTION OF AGREEMENT FOR PERFORMANCE OF BOND COUNSEL S VICES (GID 1-64) The resolution was adopted unani�usly by roll cal vote. (The B o a rd recessed from 9:25 to 9:35 p.m.) Official Statement In order to prepare the Council for additional actions to be taken by them on February 5, District Attorney Schricker referred t the draft Official Statement for GID No. 1-64 Series E Bonds, copies which had been provided to District. He advised them of the impor nce of � reviewing the Statement carefully, and that they may be held 'able for statements made in connection with issuance of bonds. He ded „�„�j that Council may rely entirely on staff, but that if any member 's, in fact, in possession of knowledge or statements or misstatemen , , he or she is obliqated to disclose that information; that bond pur hasers GID 1-64 Bd./Dir. 1/29/79 Page 3