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- JUNE 30, 2005; PROVIDING FOR THE APPROPRIATION AND EXPENDITURE OF <br /> ALL SUMS SET FORTH IN SAID BUDGET; PROVIDING FOR EMERGENCY <br /> EXPENDITURES, TRANSERS, ADDITIONAL APPROPRIATIONS, CANCELLATIONS <br /> AND REAPPROPRIATIONS OF EXISTING APPROPRIATIONS; ADOPTING THE <br /> BUDGET FOR GENERAL IMPROVEMENT DISTRICT NO. 1-64 FOR THE FISCAL <br /> YEAR JULY 1, 2004 - JUNE 30, 2005; MAKING PROVISION FOR INTERIM <br /> . EXPENDITURES AS OF JULY 1, 2004; AND REPEALING ORDINANCE NO. 2256, <br /> AND ALL ORDINANCES AND RESOLUTIONS IN CONFLICT HEREWITH <br /> The motion passed by a unanimous roll call vote by those present with Council <br /> Member Hartnett absent. MNUTE ORDER 04-138 <br /> M/S Howard/Ruskin to adjourn the Board of Equalization Meeting. The motion <br /> passed by a unanimous voice vote by those present. <br /> 7. STAFF REPORTS <br /> A. Adoption of Redevelopment Agency Budget for FY 2004/05 — Redevelopment <br /> Agency <br /> Redevelopment Manager Moeller explained that budget presented for adoption <br /> was presented at the study session on June 28, 2004. <br /> M/S Howard/Pierce to approve the resolution adopting the Redwood City <br /> Redevelopment Agency Budget for Fiscal Year 2004/2005. <br /> ADOPT RESOLUTION RD 04-01 OF THE REDWOOD CITY REDEVELOPMENT <br /> AGENCY ADOPTING BUDGET FOR FISCAL YEAR 2004-2005 <br /> The motion passed by a unanimous roll call vote by those present. <br /> B. Bond Service Tax Rates — 2004-2005 General Improvement District 1-64 <br /> Financial Services Accountant Greenhorn stated that based on the equalized <br /> assessment roll previously approved by the Board of Equalization, the tax rate <br /> recommended is 2.44% lower for the reclamation bonds and 2.58% lower for the <br /> facility bonds due to the increased values of the property in the district. <br /> M/S Howard/Foust to introduce the attached ordinance setting the tax rates for <br /> General Improvement District No. 1-64. <br /> AN ORDINANCE FIXING THE AMOUNT OF MONEY TO BE RAISED BY TAXATION <br /> UPON THE TAXABLE PROPERTY WITHIN GENERAL IMPROVEMENT DISTRICT <br /> NO. 1-64 TO PROVIDE FUNDS FOR GENERAL IMPROVEMENT DISTRICT NO. 1-64, <br /> AND FIXING AND LEVYING THE TAX RATE THEREFOR <br /> JOINT CITY COUNCIL AND REDEVELOPMENT JULY 12, 2004 <br /> AGENCY MEETING AND JOINT STUDY SESSION PAGE 6 <br /> WITH PLANNING COMMISSION AND <br /> ARCHITECTURAL REVIEW COMMITTEE MINUTES <br />