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7. STAFF REPORTS <br />A. Adoption of Redevelopment Agency Budget for FY 2004/05 — Redevelopment <br />Agency <br />Redevelopment Manager Moeller explained that budget presented for adoption <br />was presented at the study session on June 28, 2004. <br />M/S Howard /Pierce to approve the resolution adopting the Redwood City <br />Redevelopment Agency Budget for Fiscal Year 2004/2005. <br />ADOPT RESOLUTION RD 04 -01 OF THE REDWOOD CITY REDEVELOPMENT <br />AGENCY ADOPTING BUDGET FOR FISCAL YEAR 2004 -2005 <br />The motion passed by a unanimous roll call vote by those present. <br />B. Bond Service Tax Rates —2004-2005 General Improvement District 1 -64 (511) <br />Financial Services Accountant Greenhorn stated that based on the equalized <br />assessment roll previously approved by the Board of Equalization, the tax rate <br />recommended is 2.44% lower for the reclamation bonds and 2.58% lower for the <br />facility bonds due to the increased values of the property in the district. <br />M/S Howard /Foust to introduce the attached ordinance setting the tax rates for <br />General Improvement District No. 1 -64. <br />AN ORDINANCE FIXING THE AMOUNT OF MONEY TO BE RAISED BY TAXATION <br />UPON THE TAXABLE PROPERTY WITHIN GENERAL IMPROVEMENT DISTRICT <br />NO. 1 -64 TO PROVIDE FUNDS FOR GENERAL IMPROVEMENT DISTRICT NO. 1 -64, <br />AND FIXING AND LEVYING THE TAX RATE THEREFOR <br />The motion passed by a unanimous roll call vote by those present. <br />MINUTE ORDER 04 -139 <br />JOINT CITY COUNCIL AND REDEVELOPMENT <br />AGENCY MEETING AND JOINT STUDY SESSION <br />WITH PLANNING COMMISSION AND <br />ARCHITECTURAL REVIEW COMMITTEE MINUTES <br />MINUTES Book No. 60 <br />Page No. 263 <br />JULY 12, 2004 <br />PAGE 7 <br />__ ._... __....__..- ..., --._ . .._..__.... _._. _ - -_ 1 1 1 _ .... _...- - ....._._. <br />