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Item No. 4 (continued) earthquake or other major natural disasters; whether it is possible to deauthorize the bonds and have the people of Redwood Shores take responsibility for the District needs; and the fact that the District can be deannexed, but that the present levy cannot be rescinded or the District eliminated until outstanding bonds are retired. In response to question, City Attorney Schricker said that Council members may ask questions of any persons during Council consideration of the matter, but that testimony cannot be volunteered unless the public hearing is reopened. Don Warren, President, Redwood Shores, Inc. and South Shores, Inc., 350 Marine World Parkway, replied to questions relating to whether it is possible to guarantee that if the $30 million of authorized bonds for South Shores improvements is retained that property owners in Redwood Shores will never be affected. Mr. Warren stated the intention is to use the bond authorization as reserve security in which case there could be no tax impact on Redwood Shores. In response to question, City Manager Smith said that legislation might permit South Shores to qualify for inclusion in a redevelopment district, noting that a finding of "blight" must be made. John J. Murray, Jr., President, Redwood Shores Homeowners Association, replied to questions, stating he continues to oppose the entire bond authorization and acknowledged he does not know what finances might be available in the event of need for reconstruction of levees or in an emergency. Ron MacQuarrie, Chairman, GID No. 1 -64 Advisory Committee, replied to questions, stating that safety of residents and the need to protect the levee system prompted the Committee recommendation that some bond authorization be retained. Director of Finance Tasseff and Mr. Smith stated in response to question that at present there is no income to the City from Redwood Shores and there may be some cost, but that development of the commercial area there is the key to providing benefit to the City. CONSENSUS: Following discussion as to whether Council preferred to take action with regard to the bond authorization by majority or 5 /7th vote, Mayor Stangel determined that it was the consensus of Council to take action by majority vote. M /S: Britschgi /Claire to deauthorize all bonds for GID No. 1 -64 except $8,000,000 for unspecified emergencies and to make any sale of bonds contingent upon an advisory vote of the property owners in Redwood Shores, the vote to be by a majority of those voting. MINUTE ORDER NO. 83 -22 (Motion implementation by: a. RESOLUTION NO. 9304 FINDING AND DECLARING THAT THE PRINCIPAL AMOUNT HEREIN SPECIFIED OF REDWOOD CITY GENERAL IMPROVEMENT DISTRICT NO. 1 -64 1964 RECLAMATION BONDS HERETOFORE AUTHORIZED FOR ISSUANCE BUT NOT ISSUED IS NOT NECESSARY FOR THE OBJECTS AND PURPOSES FOR WHICH AUTHORIZED; CANCELLING AND VOIDING A PORTION OF SAID AMOUNT AUTHORIZED; ESTABLISHING REVISED AMOUNT OF UNISSUED PRINCIPAL; AND ESTABLISHING POLICY WITH RESPECT TO ISSUANCE OF BONDS FOR REVISED AMOUNT NOT SO CANCELLED AND VOIDED Reg.Mtg. 2/28/83 Page 3 MINUTE BOOK NO. 44 Page No. 65