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Non Agenda Item (continued) <br />1. Parking should be free on Saturdays in all lots and adjacent streets to <br />the downtown corridor except for 18 meters on E1 Camino Real between <br />Broadway and Brewster. <br />2. Free parking should be restricted to two hours. <br />3. The City Council should make a policy decision enforcing the two hour <br />time limit by increasing the chalking and ticket issuing process. <br />Carried unanimously by voice vote. <br />MINUTE ORDER NO. 85 -19 <br />---------------------------------------------------------------------------------- <br />REPORTS OF CITY MANAGER <br />3. Approval of bond sale documents for Ostertag Project <br />( Centre Redevelopment Sub -Area) (408 -03) <br />Report of City Manager and Planning Director 2/8/85 <br />City Attorney Schricker said that the only change in the documents presented <br />to Council is that the City will not monitor the City requirements as that <br />function is assigned to the trustee, so there will be no fee to the City <br />which will not have the burden of doing so, since staff is not available for <br />the work. <br />Tom Leathers, Bank of America Mortgage and Security Department, said in <br />response to question that construction on the subject project is expected to <br />begin in mid -March 1985. <br />Title read. M /S: Stangel /Mosher <br />A RESOLUTION NO. 9802 OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY <br />AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $5,000,000 CITY OF REDWOOD CITY <br />MULTIFAMILY HOUSING REVENUE BONDS, SERIES 1985 (FHA INSURED MORTGAGE <br />LOAN- REDWOOD PLAZA PROJECT) APPROVING BOND COUNSEL FEE AGREEMENT, APPOINTING <br />TRUSTEE AND APPROVING AND AUTHORIZING THE EXECUTION OF DOCUMENTS <br />adopted unanimously by roll call vote. <br />---------------------------------------------------------------------------------- <br />WRITTEN COMMUNICATIONS <br />8. Letter from Committee - Linden Park <br />There being no objection, Mayor Britschgi ordered that the subject item be <br />considered out of order at this time. <br />Stephen Blumenkranz, 106 Park Street, referred to his letter and described <br />the neighborhood participation in the design for Linden park. He urged <br />approval of a budget allocation for construction of the park. <br />Reg. Mtg. <br />2/11/85 <br />Page 3 <br />MINUTE BOOK NO. 45 <br />Page No. 267 <br />