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AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ADDING SECTION 2.38 AND CHAPTER 45 TO THE REDWOOD CITY CODE TO (1 ) ESTABLISH THE ART IN PUBLIC PLACES FUND; (2) ESTABLISH A CITY CONTRIBUTION OF ONE ( 1 ) PERCENT OF THE CITY'S ANNUAL CAPITAL OUTLAY FUND TO BE PLACED IN THE ART IN PUBLIC PLACES FUND FOR THE PURPOSE OF PUBLIC ART; AND (3) REQUIRE COMMERCIAL DEVELOPMENT PROJECTS OVER 50, 000 SQUARE FEET TO PROVIDE PUBLICLY VISIBLE ART ON-SITE THAT IS EQUAL IN VALUE TO AT LEAST ONE ( 1 ) PERCENT OF THE PROJECTS CONSTRUCTION VALUATION OR, ALTERNATIVELY, PAY AN EQUIVALENT IN-LIEU FEE, WHICH WILL BE DEPOSITED IN THE ART IN PUBLIC PLACES FUND M/S Gee/Howard to hold a Public Hearing , Waive First Reading and Introduce an Ordinance adding Section 2 . 38 to the Redwood City Code to establish the "Art in Public Places Fund" and adding Chapter 45 of the Redwood City Code to ( 1 ) establish regulations and procedures for provision of Art in Public Places; (2) establish a City contribution of one percent of the City's Annual Outlay Fund to be placed in the Art in Public Places Fund for provision of Art in Public Places ; and (3) require Commercial Development projects over 50 , 000 square feet to contribute on-site art that is equal in value to at least one percent of the project's construction valuation or, alternatively, pay an equivalent in-lieu fee, which will be deposited in the Art in Public Places Fund . Staff will clarify requested details at the second reading . Motion carried unanimously by electronic vote. MINUTE ORDER 16-110 8. STAFF REPORT(S) - None 9. STUDY SESSION (S) AGENDA PAGE NUMBER 318 A Fiscal Year 2016-17 Budget Study Session and Setting the Date for Public Hearing on and Adoption of the Budget (501 ) Staff contact: Melissa Stevenson Diaz, City Manager 780-7301 mdiaz @redwoodcity.org Recommendation : Provide direction regarding Proposed Fiscal Year 2016- 17 budget and adopt a Resolution setting June 27, 2016 as the date for the public hearing on the Proposed Budget and as the date for final adoption of the Proposed Budget RESOLUTION NO. 15500 SETTING JUNE 27, 2016 AS THE DATE FOR THE PUBLIC HEARING ON AND ADOPTION ON THE FISCAL YEAR 2016-17 BUDGET M/S Gee/Masur to adopt a Resolution setting June 27 , 2016 as the date for the public hearing on the Proposed Budget and as the date for final adoption of the Proposed Budget. Motion carried unanimously by electronic vote. 10. MATTERS OF COUNCIL INTEREST JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ June 13, 2016 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 9 MINUTE BOOK NO. 66 Page No. 130