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really a change from what we currently have within the building and high fire hazard <br /> severity zone as mandated by the state of California in identifying these zones. Fire <br /> Marshall Palisi said that Redwood City, Woodside and Portola Valley have also adopted <br /> maps and made local amendments in high fire severity zone. <br /> Motion carried 7-0 by electronic vote. Minute Order 10-237 <br /> C. Sale of bonds pursuant to the Mello-Roos Community Facilities Act of <br /> 1982, as amended (the Act), to finance public infrastructure necessary for <br /> the development of the One Marina project. (505) <br /> Recommendation: <br /> Approve, by resolution, authorization for the issuance and sale of Special Tax <br /> Bonds for and on behalf of the City of Redwood City Community Facilities District <br /> No. 2010-1 (One Marina) and approva� of all documents and agreements, <br /> including the Preliminary Official Statement, necessary to issue such bonds. <br /> RESOLUTION No. 15071 AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS <br /> FOR AND ON BEHALF OF THE CITY OF REDWOOD CITY COMMUNITY FACILITIES <br /> DISTRICT NO. 2010-1 (ONE MARINA), APPROVING THE FORM OF AND DIRECTING <br /> THE EXECUTION OF A FISCAL AGENT AGREEMENT, AN ACQUISITION <br /> AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT AND A BOND <br /> PURCHASE CONTACT, APPROVING THE FORM OF OFFICIAL STATEMENT, <br /> APPROVING SALE OF BONDS, AND APPROVING OTHER RELATED DOCUMENTS <br /> AND ACTIONS <br /> Mr. Ponty, Finance Director, introduced the item noting that this is the third action in a <br /> series. He delineated the items before Council for consideration and noted that, if <br /> approved, would allow the sale of $8 million in bonds secured by the land in the One <br /> Marina Community Facilities District. He said there would be no general fund <br /> commitment from the city. <br /> A Council Member expressed pleasure that there will be 235 new homes, but also <br /> disappointment that there had been an opportunity for a greater number of new homes. <br /> She publicly thanked Mr. Powers, the developer, for his commitment to the community <br /> and that the city is getting some much-needed additional housing. <br /> M/S Gee/Aguirre to approve these items. Motion carried 7-0 by electronic vote. <br /> D.High-Speed Rail program status update. <br /> Recommendation: <br /> Receive staff's program status update and provide additional input, guidance, <br /> and direction. (This is an information-only staff report.) <br /> Mr. Chang, Director of Building, Infrastructure and Transportation, made a presentation <br /> to Council (on file). He provided a program update, explained how they have actively <br /> JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD December 6, 2010 <br /> MEETING MINUTES PAGE 7 <br /> MINUTE BOOK NO. 63 <br /> Page No. 237 <br />