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_____________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ JUNE 23, 2025 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 7 <br /> <br />MINUTE BOOK NO. 69 <br /> <br /> <br /> <br /> <br />7. PUBLIC HEARINGS <br /> <br /> 7.A. Adopt City of Redwood City Fiscal Year 2025-26 Budget, City of Redwood City Five-Year <br />Capital Improvement Program, and Successor Agency to the Redwood City <br />Redevelopment Agency Fiscal Year 2025-26 Budget (501) Reso 16333 <br /> Reso 16334 <br />City Manager Melissa Stevenson Diaz gave a presentation. Reso 16335 <br /> <br />Mayor Martínez Saballos opened the public hearing. <br /> <br />There was no public comment. <br /> <br />Mayor Martínez Saballos closed the public hearing. <br /> <br />Recommendation: <br />1. Hold a public hearing; <br />2. By motion of the City Council, adopt a City Council resolution adopting the Budget of <br />the City of Redwood City for Fiscal Year July 1, 2025 - June 30, 2026 and providing for the <br />appropriation and expenditure of all sums set forth in said budget; <br />3. By motion of the City Council, adopt a City Council resolution approving and adopting <br />the Five-Year Capital Improvement Program for the period of Fiscal Year 2025-26 <br />through Fiscal Year 2029-30; and <br />4. By motion of the Successor Agency Board, adopt a Successor Agency to the Redwood <br />City Redevelopment Agency resolution adopting the Budget of the Successor Agency for <br />Fiscal Year July 1, 2025 - June 30, 2026 and providing for the appropriation and <br />expenditure of all sums set forth in said budget. <br /> <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br /> <br />Motion and second, Sturken and Eakin, to: <br />1. Hold a public hearing; <br />2. By motion of the City Council, adopt a City Council resolution adopting the Budget <br />of the City of Redwood City for Fiscal Year July 1, 2025 - June 30, 2026 and providing <br />for the appropriation and expenditure of all sums set forth in said budget; <br />3. By motion of the City Council, adopt a City Council resolution approving and adopting <br />the Five-Year Capital Improvement Program for the period of Fiscal Year 2025-26 <br />through Fiscal Year 2029-30; and <br />4. By motion of the Successor Agency Board, adopt a Successor Agency to the Redwood