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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 /> 4. Approve by motion, the Brokerage Fee Agreement with NAI BT Commercial <br /> Real Estate ("Broker"); (304) Minute Order 09-079 <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 /> RESOLUTION NO. 14933 ESTABLISHING LOAN AGREEMENT AND TRANSFER OF <br /> THE SUM OF $2,500,000 FROM THE REDWOOD CITY SELF-INSURANCE TRUST <br /> FUND TO THE REDWOOD CITY CAPITAL OUTLAY FUND <br /> 6. Authorize the City Manager to negotiate a lease with the Bair Island Aquatic <br /> Center (BIAC). Minute Order 09-080 <br /> Mr. Ingram provided some opening remarks related to finding opportunities during tough <br /> times. He acknowledged the Council's guidance on this issue and how the funds used for <br /> this purchase are not usable for general fund purposes (employee costs). He provided an <br /> overview of the Council's actions tonight with the caveat that if there are surprises then <br /> staff will come back to Council for further direction. He also covered the benefits of this <br /> possible acquisition. He acknowledged the work of a team of experts who facilitated the <br /> negotiations and looked after the City's best interest. <br /> Public Comment <br /> Lynn Chou Jonas thanked city staff for agreeing to the salary freeze. She hopes the <br /> Council approves the recommendation and she finds this a rare opportunity for the city to <br /> be in control of the bayfront. She supports the suggestions for the use of the property. <br /> Doug Karlson and Peter Allen Members of the Bair Island Aquatic Center made <br /> themselves available to answer questions. <br /> One Council Member said that there is danger and opportunity in this action. Another <br /> Council Member commented that this is a great opportunity. <br /> M/S Pierce/Ira to approve items one through four. Motion carries 6-0 by electronic vote <br /> with Vice Mayor Howard absent. <br /> M/S Pierce/Ira to approve the resolution. Motion carries 6-0 with Vice Mayor Howard <br /> absent. <br /> M/S Pierce/Ira to approve recommendation six. Motion carries 6-0 with Vice Mayor <br /> Howard absent. <br /> C. First Study Session — Capital Improvement Projects Budget for Fiscal Year <br /> 2009/2010. <br /> Recommendation: <br /> JOINT CITY COUNCIL/REDEVELOPMENT AGENCY MEETING APRIL 27, 2009 <br /> MINUTES PAGE 7 <br /> MINUTE BOOK NO. 62 <br /> Page No. 360 <br />