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9:4 0 ',' � MOTTON' Councilman Norris moved to endorse the concept that some � portion of sales tax`revenue be used to help offset the additional indebtedness incurred by the District � City Attorney Schricker advised that the motion would not be enforce- able as,being binding on future Councils and would be in conflict with , ORDINANCE NO` 1128 since General Funds shall not be�affected•by the ' burden of''the District It was pointed that it is expectedrthat�if the shopp�ng center is developed it'will pay taxes to the District which.vnll be used�to pay for the bonds which funded the necessary improvements to permit con- struction of the"center Peter Gruchala (see above) stated that he is aware that the Council and staff have`demonstrated their concern for the District over theF,. years by professional participation and commitment to its development, but that members of RSHA would like some kind�of commitment expressed formally City Manage'r Fales'advised that a statement can be�made to the effect, that it is expected that the fair market value=(FMV) created by,,the,, anticipated shopping'center will alleviate�the tax burden on•the,Dis- tr,ict homeowners.' Mr Fales observed that at such time as the_center is completed and operating, the City will be confronted with_costs of additional,police and'fire protection and other costs associated with. such commercial development �n cit�es., Discouragement was expressed that Redwood Shores residents apparently. do not understand the�commitment already demonstrated by Council and staff, and it was questioned whether any formal statements would be beneficial. �It was suggested that residents could be advised what , the cost of the bonds is expected to be and the reduction•which may be anticipated in taxes when the commercial property is developed as planned. � Tiie motion died for lack of, a second. Peter Grucliala (see above) called attention to the memo from Councilman Norris noting the refe'rence on page 3 to an elected Advisory Council made up of, residential,prdperty owners to function as advisers to the Board of Directors of the District. It was suggested that such a council would be inapp'ropriate and that a committee from RSHA ght act in a similar capacity. MOTION Councilman Norris moved that commercial component of the Red- wo'od Shores development (Sites A and B) be under physical construction before any additional reclamation bonds be tssued for residential de- velopment Jim Newman (see above) stated that he opposes the motion in that pro- ,7ects to be const'ructed with the proposed bond money would not in them- selves add any yalue He stated that Area D is designated for resi- dential development and no improvements are needed, but that �f anticipated development there is halted, easily added val,ue to the District will be cut off. ' , Study Session - 6 - GID No 1-64 11/7/77 ,