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<br />------------------------------------------------------------------- <br /> <br />2. Gateway Sub-area - Proposed business terms for <br />the Gateway Redevelopment Sub-area (Innisfree) <br /> <br />Report: Executive Director 8/5/87 <br /> <br />M/S: Greenalch/Stangel to refer the matter to the Council Committee <br />(Councilmen Britschgi and Stangel) with the understanding that their charge is <br />to dissect the whole proposal and then bring back a report and recommendation <br />to the Agency. <br /> <br />Discussion followed concerning whether or not the original charge to the <br />Council committee was intended to go beyond transportation matters. <br /> <br />The motion carried unanimously by voice vote. <br /> <br />MINUTE ORDER NO. RD87-163 <br /> <br />---------------------------------------------------------------------------------- <br /> <br />3. Agency Budget 1987-88 <br />Report: Executive Director 8/5/87 <br /> <br />Title read. M/S: LaBerge/Stangel <br /> <br />RESOLUTION NO. RD87-13 OF THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD <br />CITY ADOPTING BUDGET FOR FISCAL YEAR 1987-88 <br /> <br />adopted unanimously by roll call vote. <br /> <br />---------------------------------------------------------------------------------- <br /> <br />4. Loan agreement with City of Redwood City <br /> <br />Report: Executive Director 8/5/87 <br />Title read. M/S: Greenalch/Britschgi <br /> <br />CONCURRENT RESOLUTION NO. RD87-14 OF THE COUNCIL OF REDWOOD CITY AND THE <br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY AUTHORIZING LOAN OF CITY <br />FUNDS TO REDEVELOPMENT AGENCY, APPROVING REPAYMENT AGREEMENT AND AUTHORIZING <br />EXECUTION THEREOF <br /> <br />adopted unanimously by roll call vote. <br /> <br />---------------------------------------------------------------------------------- <br /> <br />ADJÅ’JRNMENT <br /> <br />M/S: Britschgi /Greena lch to adjourn. <br /> <br />Carried unanimously by voice vote and Redevelopment Agency adjourned at 11:55 <br />p.m. <br /> <br />JACQUELINE C. HILDEBRAND <br />CITY CLERK <br /> <br />MINUTE BOOK NO. 47 <br />Page NO. 335 <br /> <br />Red ev. Agency <br />8/10/87 <br />Page 2 <br /> <br />--- - -- <br />