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F. Agreement for Professional Services with The Covello Group, Inc. (Covello) to provide Construction Management Services for the Redwood City Recycled Water Project — Phase I — Seaport Distribution System — Bid Package 5 (BP 5) Recommendation: By motion, approve the proposed agreement with The Covello Group, Inc. of Walnut Creek, California, to provide construction management services for the Redwood City Recycled Water Project — Phase I — Seaport Distribution System — Bid Package 5 for a time and materials cost not to exceed $345,000, and authorize the City Manager to execute the same. (304) MINUTE ORDER 07 -064 G. Investment Policy Recommendation: Approve by motion the existing City of Redwood City investment policy without changes. (505) MINUTE ORDER 07 -065 H. Award of Contract— 2007 Wayfinding Signage Program — Redevelopment A_gency Recommendation: By Motion, approve the Contract Documents, waive minor irregularities in the bids, and award the contract for the Wayfinding Signage Program to the lowest responsible bidder, Fluoresco Lighting & Sign Maintenance, of Tucson, Arizona, for their bid of $209,977.79. (405) RD MINUTE ORDER 07 -008 6.2 Section — Final Acceptance A. Final Acceptance — 2005 -2006 Street Overlay Project Recommendation: Accept the 2005 -2006 Street Overlay Project, and authorize the release of payment bond and retention according to City procedures. (304) MINUTE ORDER 07 -066 6.3 Section — Ordinance (Second Reading) A. ORDINANCE* AMENDING ARTICLE IX OF CHAPTER 2 OF THE REDWOOD CITY MUNICIPAL CODE "ADMINISTRATION" AND ARTICLE I OF CHAPTER 25 OF THE REDWOOD CITY MUNICIPAL CODE "PARKS AND RECREATION AREAS" (First Reading — April 9, 2007). *Scheduled in error — refer to May 7, 2007 meeting. (305) JOINT CITY COUNCIL /REDEVELOPMENT AGENCY BOARD AND APRIL 23, 2007 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 7 MINUTE BOOK NO. 61 Page No. 383