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8. STUDY SESSION - <br />A. GENERAL FUND FINANCIAL CONDITION; <br />Staff Contact: Ed Everett, City Manager 780 -7301 eevereftpredwoodcitv.orc <br />Brian Ponty, Director of Finance and Financial Planning, and Assistant City Manager <br />780 -7048 boontv(cDredwoodcitv.ora <br />Recommendation: <br />Approve the City Manager's initial recommendation to direct City Departments to <br />identify savings equal to at least 1/3 ($1.2 million) of the projected 2002/2003 <br />deficit of $3.5 million and draw down our reserves by the remaining 2/3 ($2.3 <br />million). Approve the suggested calendar for future meetings and decisions to <br />work on the short-term and long -term solutions to our deficit problem. <br />9. MATTERS OF COUNCIL INTEREST - <br />9.A. Legislation (information only) - This sub - section involves possible discussion of <br />City Position on Proposed Legislation Described in the League of California Cities <br />Priority Focus Bulletin No. 3 -2003. Council may direct staff to act on positions taken <br />by Council. (Copies of League of California Cities Priority Focus available in City <br />Clerk's Department). <br />9.13. Proposed City Council Policy on Recycled Water: <br />Contact: Colleen Jordan, Council Member 637 -1651 colleen(cbcolleeniordan.ora <br />Recommendation: <br />Motion to implement Council policy on Recycled Water Use in Residential Areas: <br />Policy: Redwood City will not make the use of Recycled Water Mandatory to Current <br />Home Owners or their Associations; <br />10. STAFF REPORTS- <br />A. Construction Deposit to the California Department of Transportation for <br />Highway 101 Recycled Water Transmission Line; <br />Staff contact Peter Ingram, Public Works Services Director 780 -7466 Dinaram(rDredwoodcitv.ora <br />Recommendation: <br />Motion to authorize the payment of construction deposit to the California <br />Department of Transportation in the amount of $1,854,900.00 for Highway 101 <br />Recycled Water Trarsmission Line; <br />REGULAR CITY COUNCIL MEETING FEBRUARY 3, 2003 <br />AGENDA PAGE <br />