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City'. This agreement and the final companion Lease Agreement described herein will ee �� r � <br /> brought to the Ciry Council for consideration in June 2004. Staff considers these <br /> agreements as the comerstone of the project implementation process, and expects that <br /> other implementation actions for Council consideration will follow. <br /> Alternative <br /> Do not �uthorize the City Manager to respond to call for bids for land lease at SBSA, �nd <br /> provide � Itemative direction. <br /> Fiscal Impact <br /> This action does not, on its own, commit the City to any financial obligations to SBSA, and <br /> in authorizing the City Manager to submit a bid for the lease, the City Council is not bound <br /> to accept the provisions of the draft lease developed by SBSA. Rather, the terms and <br /> conditions of the lease are to be agreed on subsequently by the SBSA Commission and <br /> the City Council. When the final Lease Agreement and the companion Agreement for <br /> Production and Delivery of Recycled Water between the South Bayside System Authority <br /> and the City of Redwood City are considered concurrently by the City Council in June, the <br /> Council will be provided with specific information on the short-term and long-term fiscal <br /> implications. <br /> � <br /> Peter Ingram d e <br /> Director, Public orks Services City Manager <br /> _ Attachment <br /> (None) <br /> Page 3 of 3 <br />