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5. ORAL COMMUNICATIONS AND CONSENT CALENDAR <br />Mayor Ira noted that this week marked Council Volunteer Art Balsamo's 59 year <br />working with Redwood City and that the June 6, 2005 would be the beginning of his <br />60 year. He mentioned that Art started with 32 years as an employee and then <br />went on to another 27 years as a volunteer. Mayor Ira thanked Art Balsamo for <br />everything he has done for the City. <br />Dee Eva announced on behalf of the Sequoia High School Alumni Association that <br />the dedication ceremony for the Sequoia Veterans Memorial will take place on <br />Saturday, September 17, 2005 at 11:00 a.m. She noted the various community <br />groups who have supported the project, including the Redwood City Civic Cultural <br />Commission. Ms. Eva invited City Council members, City staff, and citizens to <br />attend the ceremony, which will take place at the monument location across from <br />Carrington Hall. <br />M/S Pierce /Hartnett to waive reading of the Consent Calendar except the ordinances <br />by title, adopt the resolutions and the ordinances, and approve other items. The <br />motion passed by a unanimous roll call vote. <br />5.1 Section — Motions <br />A. Approve the minutes of the May 9, 2005 City Council meeting as submitted; <br />(301) MINUTE ORDER 05 -87 <br />B. Investment Policy <br />Recommendation: <br />It is recommended that the City Council approve the existing City of Redwood <br />City Investment Policy without changes. (501) MINUTE ORDER 05 -88 <br />C. Amendment of By -laws to Home Improvement Loan Committee <br />Recommendation: <br />Approve, by motion, an amendment to Section 2.1 (Membership) of Article II of <br />the By -laws of the Home Improvement Loan Committee of the City of Redwood <br />City. (209) MINUTE ORDER 05 -89 <br />REGULAR MEETING <br />CITY COUNCIL <br />MAY 23, 2005 <br />PAGE 2 <br />MINUTES BOOK 60 <br />Page No. 477 <br />