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Item No. 5. (continued) M /S: Chandler /Bury to withhold action on the subject item until January 28, 1985, pending receipt of answers to questions regarding: 1) whether there is a specific limit on the amount of mortgage revenue bonds which can be issued by the City and the State; 2) what the effect of increasing the amount of bonds issued for the Paragon development might be on the City's ability to issue more of the bonds for similar developments in the future; and 3) whether there is any effect on the number of units or the rental rates at which they will be offered to low /moderate income tenants, if the amount of mortgage revenue bonds is increased as requested. Carried unanimously by voice vote. MINUTE ORDER NO. 85 -07 Nita Spanqler, 970 Edgewood Road, noted that addresses and names of property owners are not both provided on the Agenda for items 3., 4., 5. and 6. and requested that such information be included in the future. ---------------------------------------------------------------------------- - - - - -- 6. Amendment to Slope Maintenance and Water Quality Control agreement (Paragon) (702 -02) Report of City Manager and Director of Public Works 1/16/85 Director of Public Works Addiego stated that the original agreement provided for maintenance of the slope and water quality in connection with the Paragon development in Redwood Shores and that the proposed amendment merely spells out specifically what is required. Mr. Addiego reported that Paragon and City staff are in agreement as to what is being required and noted that monitoring of maintenance is facilitated by establishing specifics. City Attorney Schricker confirmed that the amendment provides specifics and read details related to water quality and slope maintenance. Jeremy Fletcher, Project Manager, Paragon Point, 707 Wilshire Boulevard, Los Angeles, said that in anticipation of closing agreements on the project later this week, it is necessary to have the developer's obligations spelled out in order to set up a maintenance program the City will approve. Title read. M /S: Stangel /Chandler RESOLUTION NO. 9779 APPROVING AND AUTHORIZING EXECUTION OF AMENDMENT TO AGREEMENT FOR SLOPE MAINTENANCE AND WATER QUALITY CONTROL adopted unanimously by roll call vote. ---------------------------------------------------------------------------- - - - - -- (Councilman Bury left at 8:30 p.m. and did not return.) ---------------------------------------------------------------------------- - - - - -- 7. Approval of plans, specifications, call for bids - __ Veterans Boulevard /Whipple Avenue Channelization Project (702 -02) Reg.Mtg. 1/21/85 Page 4 MINUTE BOOK NO. 45 Page No. 241