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6.2 Section - Resolution <br /> A. Award of Contract - Master Water Meter Replacement Project (Redwood Shores <br /> and Harborside Apartments). <br /> Recommendation: <br /> 1. Approve, by motion, the contract documents and award the contract for <br /> construction of the Master Water Meter Replacement Project (Redwood Shores <br /> and Harborside Apartments) to the lowest responsible bidder, D & D Pipelines, <br /> Inc. of San Francisco for their responsive and responsible low bid of $83,300 <br /> and authorize the City Manager to increase the contract amount up to 10% if <br /> necessary. (304) Minute Order 09-223 <br /> 2. Authorize, by resolution, amendment to the budget for the Water Fund Capital <br /> Projects fund to reflect an appropriation transfer of $40,000 from Distribution <br /> System Replacement Program to Master Meter/Backflow Prevention. <br /> RESOLUTION NO. 14975 AMENDING THE REDWOOD CITY BUDGET FOR FISCAL <br /> YEAR 2009-2010 BY TRANSFERRING $40,000 FROM THE "WATER FUND CAPITAL <br /> PROJECTS - DISTRIBUTION SYSTEM REPLACEMENT PROGRAM" ACCOUNT INTO <br /> THE "WATER FUND CAPITAL PROJECTS - MASTER METER/BACKFLOW <br /> PREVENTION" ACCOUNT <br /> 6.3 Section - Claims and Warrants <br /> A. Approve warrants dated through October 19, 2009 and usual and necessary <br /> payments through October 26, 2009. (303) Minute Order 09-224 <br /> .................................................................................� <br /> 7. STAFF REPORTS <br /> A. Proposition 1A Securitization Program. <br /> Recommendation: <br /> Approve, by resolution, the proposed Proposition 1A Purchase and Sale <br /> Agreement in order to participate in the Proposition 1A Securitization Program. <br /> (304) <br /> RESOLUTION NO. 14976 APPROVING THE FORM OF AND AUTHORIZING THE <br /> EXECUTION AND DELIVERY OF A PURCHASE AND SALE AGREEMENT AND <br /> RELATED DOCUMENTS WITH RESPECT TO THE SALE OF SELLER'S PROPOSITION <br /> 1A RECEIVABLE FROM THE STATE; AND DIRECTING AND AUTHORIZING CERTAIN <br /> OTHER ACTIONS IN CONNECTION THEREWITH <br /> Mr. Ponty, Finance Director, gave a brief update on Proposition 1A "Securitization <br /> Program" and how it had passed in Sacramento with a 37-0 vote and is now on the <br /> Governor's desk. He provided an overview of what that program entails (presentation on <br /> file). He added that this is intended to be a non-recourse obligation and should the state <br /> JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD OCTOBER 19, 2009 <br /> MEETING MINUTES PAGE 3 <br /> MINUTE BOOK NO. 62 <br /> Page No. 495 <br />