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Item no. 1 (continued) <br />Mayor Britschgi invited anyone else present who wished to speak to do so. No <br />one wished to speak. <br />M /S: Claire /Mosher to close the public hearing. <br />Carried unanimously by voice vote and public hearing closed at 7:39 p.m. <br />Title read. M /S: Claire /Bury <br />RESOLUTION No. 9789 VACATING NON ACCESS RESTRICTION OVER A PORTION OF A <br />PUBLIC STREET (TWIN DOLPHIN DRIVE) IN THE CITY OF REDWOOD CITY IN ACCORDANCE <br />WITH PART 3 OF DIVISION 9, STREETS AND HIGHWAYS CODE OF THE STATE OF <br />CALIFORNIA <br />adopted unanimously by roll call vote. <br />---------------------------------------------------------------------------- - - - - -- <br />ORAL COMMUNICATIONS <br />None <br />---------------------------------------------------------------------------- - - - - -- <br />REPORTS OF BOARDS AND COMMISSIONS <br />None <br />---------------------------------------------------------------------------- - - - - -- <br />REPORTS OF CITY MANAGER <br />2. Amendment to Inducement Resolution for mortgage revenue <br />bonds (Paragon) (continued from 1/21/85) (408 -01) <br />Report of City Manager 1/18/85 <br />Bond Counsel letter 1/23/85 <br />Gerald Laster, Bond Counsel of Wilson, Morton, Assaf & McElligott, San Mateo, <br />reviewed the letter of January 23, 1985 to the City Manager from his <br />associate, James A. Hildebrand, replying to questions asked during the <br />Council meeting of January 21. In response to questions, Mr. Laster said <br />that the $900,000,000 of multifamily rental housing bonds is the amount <br />allocated to California annually, with no carryover of unused bonds from <br />previous years, and that it is unlikely that much of this year's amount has <br />been issued yet. Mr. Laster pointed out that the bonds are those requested <br />by Paragon, but that other types of bonds are available for other projects <br />later in the year in the event all of that particular type of fund has been <br />used. <br />Title read. M /S: Bury /Claire <br />RESOLUTION NO. 9790 AMENDING RESOLUTION NO. 9750, A RESOLUTION OF <br />DETERMINATIONS AND OF INTENTION TO UNDERTAKE PROJECT INCLUSIVE OF THE <br />PROVISION OF REVENUE FINANCING FOR MULTIFAMILY RENTAL HOUSING <br />adopted unanimously by roll call vote. <br />Reg. Mtg. <br />1/28/85 <br />Page 2 <br />MINUTE BOOK NO. 45 <br />Page No. 248 <br />