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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />Mav 22.2017 <br />MO. 17-099 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: May 23, 2017 <br />Attention: City Attorney <br />City Attorney <br />**hard copy available upon request' <br />SUBJECT: Approval of Partial Settlement in In re Ambac Bond Insurance Cases <br />AGENDA ITEM: 6AG (302) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority <br />Meeting on May 22, 2017. <br />Present: Council Members, Aguirre, Borgens, Gee, Howard, Masur, Vice Mayor Bain, and <br />Mayor Seybert <br />M/S Borgens/Aguirre to approve the Consent Calendar. <br />By motion, to approve a settlement with Ambac Assurance Corporation in In re Ambac Bond <br />Insurance Cases and authorize acceptance of payment of a settlement amount estimated <br />$83,947.97 <br />Motion carried unanimously by electronic vote. <br />A rozzale) <br />Silvia Vonderlinden <br />City Clerk <br />