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Recommendation: <br />In connection with the sale of bonds for Phase II improvements for the Redwood <br />Shores Community Facilities District No. 99 -1 (Shores Transportation Project), by <br />motion appoint: <br />• Stone & Youngberg LLC as bond underwriter, <br />• William Euphrat Municipal Finance, Inc. as financial advisor, <br />• Stradling Yocca Carlson & Rauth as bond counsel, and <br />• Jones Hall as disclosure counsel, <br />and authorize the Finance Director, with the advice and consent of the City <br />Attorney, to enter into professional service contracts for such services. <br />7.2 Section — Resolutions <br />A. Annual Tax Levy for the Shores Traffic Improvement District <br />Staff contact: Brian Ponty, Director of Finance and Financial Planning, and Assistant City Manager <br />780 -7048 bDontv0redwoodcitv.oro <br />Recommendation <br />It is recommended that the City Council adopt a resolution authorizing the levy of <br />special taxes for FY 2003/04 in the amount of $1,043,028.00 on the parcels within <br />Redwood City Community Facilities District 99 -1 (Shores Traffic Improvement <br />District). <br />RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD CITY, ACTING AS THE <br />LEGISLATIVE BODY OF THE COMMUNITY FACILITIES DISTRICT NO. 99 -1, <br />AUTHORIZING THE ANNUAL LEVY OF SPECIAL TAX FOR FISCAL YEAR 2003/2004. <br />7.3 Section —Warrants <br />A. Approve warrants dated through May 20, 2003 and usual and necessary <br />payments through June 2, 2003; <br />Staff contact: Brian Ponty , Director of Finance and Financial Planning, and Assistant City <br />Manager 780 -7048 boontv(cDredwoodcitv.oro <br />7.4 Section — Ordinances — Second Readings <br />A. GID 1 -64 Development Agreement Temporary Extension <br />Staff contact: Chu Chang, Senior Civil Engineer 780 -7382 cchanaCcDredwoodcitv.ora <br />ORDINANCE APPROVING AND AUTHORIZING EXECUTION OF SEVENTH <br />AMENDMENT TO DEVELOPMENT AGREEMENT WITH REDWOOD SHORES <br />PROPERTIES (GID 1 -64). (First reading on 5/19/03). <br />REGULAR CITY COUNCIL MEETING June 2, 2003 <br />AGENDA PAGE <br />