Res80 8743 and P-974 Certain Policies re transfer of control

Browse Search

(a) $58, 465. 00 to the appropriation for resources held in reserve of the City of Redwood City; and (b) $93, 860. 08 to the Port of Redwood City, to be used for general Port and public purposes as the Board of Port Commissioners shall determine in their discretion. The Council of Redwood City shall enact such legislation as may be necessary to effect the foregoing purposes, and shall abolish the Marina Revenue Fund. 4. In connection with the appropriation, transfer and disburse- ment described in paragraph 3 hereof, the Council of Redwood City and the Board of Port Commissioners of the City of Redwood City hereby agree upon and establish the following policies: (a) In the event that any services, supplies or improvements are furnished or provided by the City of Redwood City, under the jurisdiction of the Council of Redwood City, to or for the benefit of the lands described in the aforementioned Ordinance No. 1730, and the Port of Redwood City Yacht Harbor facilities, provisions shall be made, except as may otherwise be provided, for the payment thereof by the Port of Redwood City at the fair value thereof. (b) From time to time, at intervals mutually convenient to the Council of Redwood City and the Board of Port Commissioners of said City, said Council and Board shall review the operation of the Port of Redwood City Yacht Harbor and such related commercial and/or recreational facilities as may be constructed and operated thereon under the jurisdiction and control of said Board, for the sole purpose of determining whether sufficient revenues have been generated by said operation reasonably to allow for the authorization of payment by said Board, and the acceptance thereof by said Council, of monies either compensatory for the benefits conferred upon the Port of Redwood City by the transfer of control and jurisdiction of the lands described in said Ordinance No. 1730, and the small craft harbor facilities located thereon or otherwise as a subvention of funds. Nothing herein stated shall be construed to limit or otherwise restrict the exclusive control, management and power of the Board of Port Commissioners over said lands and facilities pursuant to the Charter of the City of Redwood City. 5. Concurrent Resolution Nos. 7929 and P-825 is hereby rescinded.