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<br /> <br /> <br /> <br /> <br /> <br /> <br />____________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ August 25, 2025 <br /> PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 8 <br /> <br />MINUTE BOOK NO. 69 <br /> 7.G. Final acceptance of the 2024 Pavement Overlay Project (Redwood Avenue), located on <br />Redwood Avenue between El Camino Real and Valota Road, to repair and resurface <br />roadway pavement and implement traffic calming and bicycle safety improvements <br /> (304) <br />Recommendation: <br />By motion, accept the 2024 Pavement Overlay Project (Redwood Avenue) and authorize <br />the release of bonds and retention according to City procedures. <br /> <br />CEQA: <br />Categorically Exempt - Class 1. Existing Facilities <br /> <br /> 7.H. Final acceptance of construction improvements of the development at 1417 <br />Middlefield Road (APNs: 053-144-140, 053-144-150) and release of associated security <br />in-lieu of bonds (304) <br /> <br />Recommendation: <br />By motion, accept the construction improvements for the development at 1417 <br />Middlefield Road (APNs: 053-144-140, 053-144-150) and authorize the release of the <br />security in-lieu of bonds in accordance with the Subdivision Improvement Agreement. <br /> <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br /> <br /> 7.I. Using grant funds purchase fee title parcels, permanent access rights, and temporary <br />construction easements related to the State Route 84 (Woodside Road)/U.S. 101 <br />Interchange Reimagined Project (609) Reso 16345 <br /> Reso 16346 <br /> <br />Recommendation: <br />1. Adopt a resolution approving the Property Purchase Agreement between the City of <br />Redwood City, as Buyer, and FN Veterans LLC, as Seller, for the purchase of a fee parcel, <br />permanent access rights and a temporary construction easement over real property <br />identified as Assessor's Parcel Number 052-431-010, (1475 Veterans Blvd) in the amount <br />of $11,100; and <br />2. Adopt a resolution approving the Property Purchase Agreement between the City of <br />Redwood City, as Buyer, and Peninsula Building Materials Co. and Bushmont Company, <br />as Seller, for the purchase of a fee parcel and a temporary construction easement over <br />real property identified as Assessor's Parcel Number 052-392-510, (109 Seaport Blvd) in <br />the amount of $33,100. <br /> <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA)