Agenda 2005-07-25 - Laserfiche WebLink

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C. Fiscal Year 2005/06 Budget - City Council Staff contact: Bñan Panty, Director of Finance and Financial Planning 780-7048 bDOntv~redwoodcitv.ora AN ORDINANCE OF THE CITY OF REDWOOD CITY ADOPTING THE FINAL BUDGET OF THE CITY OF REDWOOD CITY FOR FISCAL YEAR JULY 1, 2005 - JUNE 30, 2006; PROVIDING FOR THE APPROPRIATION AND EXPENDITURE OF ALL SUMS SET FORTH IN SAID BUDGET; PROVIDING FOR EMERGENCY EXPENDITURES, TRANSFERS. ADDITIONAL APPROPRIATIONS, CANCELLATIONS AND REAPPROPRIA TIONS OF EXISTING APPROPRIATIONS; ADOPTING THE BUDGET FOR GENERAL IMPROVEMENT DISTRICT NO. 1-64 FOR FISCAL YEAR JULY 1, 2005- JUNE 30, 2006; MAKING PROVISION FOR INTERIM EXPENDITURES AS FO JULY 1, 2005; AND REPEALING ORDINANCE NO. 2267, AND ALL ORDINANCES AND RESOLUTIONS IN CONFLICT HEREWITH (First reading on July 11, 2005). 6. STAFF REPORTS A. Downtown Parking Management Plan Staff contact: Dan Zack, Downtown Development Coordinator 780-7363 dzacktmredwaodcitv.ora Recommendation: 1. Introduce the attached Ordinance, which establishes meter rates based on the fair market rate, eliminates time limits, allows for the installation of computerized pay-by-space meters, utilizes Downtown meter revenue for parking and traffic related improvements pursuant to Section 20.121, and provides for modifications to the parking permit program. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AMENDING CHAPTER 20, ARTICLE VII OF THE REDWOOD CITY MUNICIPAL CODE BY AMENDING SECTIONS 20.96 THROUGH 20.96.21 IN THEIR ENTIRETY AND DIVISIONS 4, 5, AND 9 IN THEIR ENTIRETY 2. By motion, authorize staff to allow all Downtown retail, restaurant, and entertainment businesses who purchase validation equipment to issue validations to their customers, in compliance with the Parking Facilities Agreement, without the payment of a per-validation fee to the City. JULY 25, 2005 PAGE 8 JOINT MEETING CITY COUNCIL AND REDEVELOPMENT AGENCY - 1r