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Public Comment: John Dempsey expressed concern over target figures for affordable housing and spoke of the shortage of available affordable housing on the Peninsula. M/S Foust/Hartnett to close the Public Hearing. The motion passed by a unanimous voice vote. Council inquired of City Attorney Yamamoto to confirm that approval of the plan is to fulfill statutory obligations in adopting the plan, rather than approval of any specific program or interpretation. Recommendation: M/S Howard /Foust to: In accordance with Article 16.5 of the CRL Section 33490, staff is requesting the Agency Board of Directors conduct a Public Hearing to receive testimony on the proposed Implementation Plan, January 2005 through December 2009, Redwood City Redevelopment Project No. 2. Following the receipt of testimony, staff is recommending that the Public Hearing be closed and that the Board adopt the Implementation Plan. The motion passed by a unanimous voice vote. RDA MINUTE ORDER 04 -22 M/S Foust/Howard to adjourn the Redevelopment Agency Meeting. The motion passed by a unanimous voice vote. 7. STAFF REPORTS A. Redwood City Recycled Water Project -- Financing Public Works Services Director Peter Ingram used a Powerpoint presentation to present preliminary information to lay the groundwork for future Council policy discussion over the next few months relating to public financing and the water fund. His overview included data on the supply contract overdraft, the focus on conservation across the boards, and implementation of recycled water in public areas in keeping with the findings of the Recycled Water Community Task Force so that drinking water may be freed up. Ingram stated that the goal is to erase the drinking water overdraft by 2010. He indicated that financing is to include bond issues over multiple years with review and adjustment each year in order to take into account changing needs based on labor costs, maintenance, and Hetch CITY COUNCIL AND REDEVELOPMENT AGENCY JOINT MEETING MINUTES DECEMBER 13, 2004 PAGE 7 MINUTES Book No. 60 Page No. 372