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<br />B. LIDO SHORES PLAZA, REDWOOD SHORES NEIGHBORHOOD <br /> <br />1) RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF SETTLEMENT <br />AND RELEASE AGREEMENT WITH OWNERS OF LIDO SHORES PLAZA (LIDO LOTS <br />4 AND 5) AND DIRECTING ARCHITECTURAL ADVISORY COMMITTEE AND <br />ZONING ADMINISTRATOR OF THE CITY'S DESIRE TO APPROVE REVISED <br />DEVELOPMENT FOR LIDO LOTS 4 AND 5. <br /> <br />2) PUBLIC HEARING - SECOND READING OF ORDINANCE INTRODUCED ON <br />NOVEMBER 17, 1997; <br /> <br />Affidavit of Notice of Publication on file in the City Clerk Department; <br /> <br />ORDINANCE ESTABLISHING MORATORIUM UPON THE DEVELOPMENT OF THE <br />PROPERTY WITHIN THE "CG" GENERAL COMMERCIAL ZONING DISTRICT <br />PORTION OF PROPERTIES INCLUDED IN THE LIDO NEIGHBORHOOD SPECIFIC <br />PLAN AND PROHIBITING THE ISSUANCE OF PERMITS OR OTHER ENTITLEMENTS <br />PERTAINING THERETO; <br /> <br />MOTION: Terminate proceedings relating to subject Ordinance. <br /> <br />C. COUNCIL DISCUSSION OF THE ISSUANCE OF BONDS FOR FINANCING CITY <br />HALL AND OTHER CITY BUILDINGS TO ACHIEVE A NET PRESENT VALUE <br />BENEFIT, OVER A PERIOD OF YEARS. THE NET PRESENT VALUE BENEFIT IS <br />NOW ESTIMATED TO BE $750,000 OVER 15 YEARS. <br /> <br />MOTION: Begin process that will result in the City issuing bonds for the financing of <br />City Hall and other City Buildings; <br /> <br />D. REPORT REQUIRED BY STATUTE ON EMERGENCY REPAIR OF CREEK WALL AT <br />REDWOOD A VENUE AND EBENER STREET - No action required. <br /> <br />9. CLOSED SESSION <br /> <br />None <br /> <br />10. ADJOURNMENT <br /> <br />MOTION: CANCEL THE MEETINGS OF DECEMBER 22,1997 AND DECEMBER 29,1997 <br />AND ADJOURN TO A CLOSED SESSION AT 6:00 P.M., MONDAY JANUARY 5,1998, IN <br />THE UPSTAIRS CONFERENCE ROOM IN CITY HALL, WITH THE REGULAR CITY <br />COUNCIL MEETING TO BEGIN AT 7:30 P.M., JANUARY 5, 1998 IN THE CITY COUNCIL <br />CHAMBER. <br /> <br />DECEMBER 18,1997 <br />PAGE 3 <br /> <br />ADJOURNED REGULAR COUNCIL MEETING <br />AGENDA <br />