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<br />Recommendation: <br />1. Approve by motion, the Agreement of Sale and Purchase between the City of <br />Redwood City ("City") and Lonestar California, Inc., a Delaware corporation, <br />an affiliate of CEMEX Corp (Seller, hereinafter referred to as "CEMEX"); <br /> <br />2. Authorize the City Manager to amend the purchase agreement (except for <br />price) in the event that issues arise during the feasibility and/or escrow periods <br />that require resolution via an amendment; <br /> <br />3. Approve by motion, Amendment No. 1 to the Professional Services <br />Agreement, dated November 6, 2008, with the Sares Regis Group of Northern <br />California, L.P. ("Consultant"); <br /> <br />4. Approve by motion, the Brokerage Fee Agreement with NAI BT Commercial <br />Real Estate ("Broker"); <br /> <br />5. Approve by resolution, Inter-Fund Loan Agreement for the transfer of funds for <br />the purchase of real property, 1402 to 1450 Maple Street; <br /> <br />RESOLUTION ESTABLISHING LOAN AGREEMENT AND TRANSFER OF THE SUM <br />OF $2,500,000 FROM THE REDWOOD CITY SELF-INSURANCE TRUST FUND TO THE <br />REDWOOD CITY CAPITAL OUTLAY FUND <br /> <br />6. Authorize the City Manager to negotiate a lease with the Bair Island Aquatic <br />Center (BIAC). <br /> <br />C. First Study Session - Capital Improvement Projects Budget for Fiscal Year <br />2009/2010. <br /> <br />Staff contacts: S. Peter Vorametsanti, P.E., Acting Manager, Engineering and Construction 780- <br />7388 peterv@redwoodcity.org and Chu Chang, P.E., Community Development Services Director <br />780-7382 cchang@redwoodcity.org <br /> <br />Recommendation: <br />Review the proposed Capital Improvement Projects (CIP) Budget for Fiscal Year <br />2009/2010 for consistency with City Council's strategic plan initiatives and provide <br />direction to staff. The budget will be revised accordingly and returned to Council <br />for final consideration during formal budget review scheduled in June 15 and June <br />22,2009. <br /> <br />8. PUBLIC HEARING <br /> <br />A. Fiscal Year 2009-10 Annual Action Plan in support of 2005-2010 Consolidated <br />Plan - Building Community through Housing Production and Basic Human Needs. <br /> <br />Staff contact: Debbi Jones-Thomas, Housing Coordinator 780-7295 djones- <br />thom as@redwoodcity.org <br /> <br />JOINT CITY COUNCIL/REDEVELOPMENT AGENCY MEETING <br />AGENDA <br /> <br />APRIL 27, 2009 <br />PAGE 6 <br />