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Maintenance Bond in the amount of $12,000.00 (10% of the original bond), in accordance with the Improvement Agreement. (304) MINUTE ORDER 05 -95 B. Final Acceptance — Redwood Shores Parkway Loop Detection Installation Project Recommendation: Accept the Redwood Shores Parkway Loop Detection Installation Project, and authorize the release of bonds to S.G. Barber Construction, Inc. (304) MINUTE ORDER 05 -96 5.4 Section — Resolutions A. Seaport Centre Maintenance District — Approval of City Manager's and Engineer's Reports; Approval of a Five -Year Budget, and Levying of Assessments Recommendation: Adopt a Resolution of Intention to: 1. Order the Levy of Benefit Assessments for FY 2005 -06; 2. Approve the City Manager's and Engineer's Reports; 3. Approve a Five -Year Budget and a Maximum Annual Assessment; 4. Call for a Property Owners' Election on the Five -Year Budget and Maximum Annual Assessment, and 5. Provide for Notice of the Election and a Public Hearing thereon. (507) RESOLUTION 14643 OF INTENTION TO ORDER THE LEVY OF BENEFIT ASSESSMENTS FOR FISCAL YEAR 2005 -2006 USING THE ALTERNATIVE METHOD, ESTABLISHING A 5 -YEAR BUDGET FOR FISCAL YEARS 2005 -2006 THROUGH 2009 -2010, ESTABLISHING A MAXIMUM CUMULATIVE ASSESSMENT FOR SUCH 5 -YEAR PERIOD AND A MAXIMUM ANNUAL ASSESSMENT FOR SUCH 5 -YEAR PERIOD, APPROVING CITY MANAGER'S AND ENGINEER'S REPORTS, CALLING PROPERTY OWNERS' ELECTION ON SAID BUDGETS AND ASSESSMENTS, AND PROVIDING FOR NOTICE OF ELECTION AND HEARING THEREON — SEAPORT CENTRE MAINTENANCE DISTRICT B. Seaport Boulevard Landscape Maintenance District — Approval of City Manager's and Engineer's Reports; Approval of a Five -Year Budget, and Levying of Assessments Recommendation: Adopt a Resolution of Intention to: 1. Order the Levy of Benefit Assessments for FY 2005 -06; 2. Approve the City Manager's and Engineer's Reports; REGULAR MEETING CITY COUNCIL MAY 23, 2005 PAGE 4 MINUTES BOOK 60 Page No. 479