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3. Provides that ABC deposit $200,000.00 five (5) days <br />before District need proceed with any work. <br />4. Provides that ABC cannot terminate for their own con- <br />venience and removed ABC's option to proceed. <br />5. Current agreement provides for 80 foot channel in lieu <br />of 100 feet in (B) work, a reduction of approximately <br />15-20% in cost. — <br />6. Places (C) dredge work on an "as justified" basis when <br />sufficient Marine traffic warrants additional channel <br />width in (B) portion. <br />City Manager stated it was his unreserved recommendation that the Resolution <br />approving and authorizing the execution of each of the agreements between General <br />Improvement District 1-64, Leslie Properties, Inc., and American Broadcasting <br />Companies, Inc., relating to the development and construction of the Marine World <br />project be approved. <br />Councilman Rosselli, after comments on importance of occasion, moved to adopt <br />RESOLUTION NO. 5106 APPROVING AND AUTHORIZING EXECUTION OF AGREEMENTS BETWEEN <br />GENERAL IMPROVEMENT DISTRICT 1-64, LESLIE PROPERTIES, INC., AND AMERICAN BROAD- <br />CASTING COMPANIES, INC., RELATING TO THE DEVELOPMENT AND CONSTRUCTION OF A MARINE <br />WORLD PROJECT AND APPROVING AND AUTHORIZING THE SIGNING OF A LETTER OF INTENTION <br />SETTING FORTH PRESENT DISTRICT AND CITY INTENTIONS IN RELATION THERETO; AND <br />APPROVING AND AUTHORIZING EXECUTION OF A PARTICIPATION AGREEMENT BETWEEN GENERAL <br />IMPROVEMENT DISTRICT 1-64 AND LESLIE PROPERTIES, INC., FOR THE YEAR 1966, SECONDED <br />by Councilman Bury, who also commented on occasion and welcomed this important <br />addition to Redwood City and area. Councilman Granger commented this was the — <br />"break" Redwood City had been waiting for and felt Redwood City's identifying <br />sign "Climate best by Government Test" influenced choice of site for project. <br />He particularly commended the City Manager on outstanding performance of his job. <br />Councilman Henderson stated her approval of the proposed project but voiced her <br />protest as to procedures. She felt each agreement proposed should be processed <br />separately and urged Council to support her stand. Councilman Petersen indicated <br />his approval of procedures as presented by Staff and felt all safeguards had been <br />provided. <br />Dr. O'Meara, 1212 Whipple Avenue, read a prepared statement <br />concerning City Attorney's letter and felt nature of his ob- <br />jections should be cleared. <br />Mayor Herkner stated legal safeguards had been adequately provided in all procedures <br />proposed and advised City Attorney's communication did not state otherwise. <br />Gerhard Mohr, 510 Iris Street, expressed his doubts as to <br />legality of Redwood Shores financing. <br />Motion to adopt RESOLUTION CARRIED ON ROLL CALL VOTE, Councilman Henderson voting <br />no, Councilman Keckley being noted absent. <br />Mayor Herkner ordered a five minute recess at 9:30 P. M. <br />Councilman Rosselli moved to adopt RESOLUTION NO. 5107 APPROVING PLANS AND SPECIFICATIONS <br />FOR EXTENSION OF INDUSTRIAL WAY, AND AUTHORIZING CALL FOR BIDS THEREFOR. Staff <br />report stated this project consisted of land acquisition, opening, extending, and <br />