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6.5.D. - Page 2 <br /> (c) To pay the principal of and interest on parking loans of the district then <br /> outstanding; or <br /> (d) For any other municipal purpose as determined by the City Council to be <br /> in the best interest of the residents of the City." <br /> In addition to the substantive amendments provided above, the amendment proposed <br /> makes clear the Ordinance supersedes the Parking District Law of 1951 both where the <br /> provisions of the Parking District Law of 1951 are inconsistent and also where the <br /> subject matter is inconsistent with the City's Ordinance. <br /> ALTERNATIVES <br /> 1. Do not adopt the proposed ordinance amendment and retain the requirements <br /> and language of Ordinance No. 785 as originally adopted. <br /> 2. Adopt the proposed ordinance amendment, with revisions as directed by the City <br /> Council. <br /> FISCAL IMPACT <br /> The proposed ordinance amendment will provide the City with more flexibility on the use <br /> of property sale proceed and thus may result in additional funds to the City. <br /> ENVIRONMENTAL REVIEW <br /> The proposed ordinance is not a "project" subject to the California Environmental Act as <br /> it is a governmental activity that will not result in direct or indirect physical changes in <br /> the environment. <br /> "-.> ��, <br /> ����,-..--.9Sz� =���s���� <br /> PAMELA THOMPSON <br /> CITY ATTORNEY <br /> �" <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENT <br /> 1. Proposed Ordinance Amending Ordinance No. 785, an Ordinance relating to <br /> Proceedings Heretofore or Hereafter Taken pursuant to the Parking District Law <br /> of 1951. <br /> Page 2 of 2 <br />