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Finance Director Ponty reported prior to the Local Agency Formation Commission <br /> approving annexation of lands into a City from a County, a property tax sharing agreement <br /> must occur. He explained staff has negotiated an agreement with San Mateo County to <br /> receive 21% 06.2% after deducting payments made to the Educational Revenue <br /> Augmentation Fund) of the property taxes generated by the proposed Pacific Shores <br /> development, noting all other taxes will come to Redwood City. He then explained the <br /> upcoming annexation process timelines. <br /> <br /> M/S Leipzig/Ira to introduce by reading title only and adopt Resolution 13580 Making <br /> Determination of Property Tax Exchange Pursuant to the Provisions of Chapter 282, <br /> Section 59, Part 0.5, Implementation of Article XIIIA of the California Constitution <br /> Commencing with Section 95, Division 1, of the Revenue and Taxation Code for Lands of <br /> Pacific Shores. The motion passed by majority roll call vote with Council Member Jordan <br /> abstaining. <br /> <br /> B. Introduction of Ordinance Appropriating Specified Amounts from Designated <br /> Unappropriated Fund Balances to Specified Appropriations, Canceling Certain <br /> Appropriations, and Transferring Specified Amounts from Designated <br /> Appropriations to Other Specified Appropriations (301) <br /> <br /> Finance Director Ponty reported these recommended amendments are due to circumstances <br /> which have arose since last summer and require formal budget amendments, and include <br /> receiving unforeseen revenues and shifting funding resources as per Council directions <br /> during the fiscal year. <br /> <br /> Council Member Leipzig clarified a $10,000 increase in City County Association <br /> Government membership assessment fee for a total of $48,000, and approximation of <br /> future appropriation adjustment for legal fees. <br /> <br /> M/S Claire/Hartnett to waive the entire reading of the Ordinance and introduce by title <br /> only. Interim City Clerk McKay read the title as Ordinance Appropriating Specified <br /> Amounts from Designated Unappropriated Fund Balances to Specified Appropriations, <br /> Canceling Certain Appropriations, and Transferring Specified Amounts from Designated <br /> Appropriations to Other Specified Appropriations. The motion passed by unanimous roll <br /> call vote. <br /> <br /> C. Review of Draft Shopping Cart Ordinance <br /> <br /> Director of Parks, Recreation and Community Services Griffiths presented a draft <br /> Ordinance for Council review as requested by Council last August for review, prior to <br /> staff's deliberations with local retailers. Assistant City Attorney Rosen reported on the <br /> current State regulations and compliance measures regarding errant shopping carts in <br /> communities. <br /> <br />REGULAR COUNCIL MEET1NG MINUTES BOOK NO. 57 MARCH 8, 1999 <br />MINUTES Page No. 277 PAGE 5 <br /> <br /> <br />