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in local labor markets. The conclusion being that there are actually two adopted <br />policies reiterating support for the State prevailing wage law. <br />Council comments ensued that included the fact that there is a possibility of <br />providing 72 units of housing and that doing so with this project would not violate <br />any policies of prevailing wage. <br />Public Comment: <br />Rudy Luca stated he was upset that the Council had voted on the policy of <br />October 13, 2003 and now is allowing this project to go through. <br />Recommendation: <br />M/S Bain /Pierce to: <br />1. That the Redevelopment Agency Board and City Council approve the attached <br />resolutions "Authorizing the Expenditure of Housing Set aside Funds for the <br />Hallmark Apartments Project Located Outside the Redevelopment Plan Area" <br />RESOLUTION 03 -83 OF THE REDEVELOPMENT AGENCY OF THE CITY OF <br />REDWOOD CITY AUTHORIZING THE EXPENDITURE OF HOUSING SET -ASIDE <br />FUNDS FOR THE HALLMARK APARTMENTS PROJECT LOCATED OUTSIDE OF THE <br />REDEVELOPMENT PLAN AREA <br />RESOLUTION 14565 OF THE CITY OF REDWOOD CITY AUTHORIZING THE <br />EXPENDITURE OF HOUSING SET -ASIDE FUNDS FOR THE HALLMARK <br />APARTMENTS PROJECT LOCATED OUTSIDE OF THE REDEVELOPMENT PLAN <br />AREA <br />2. That the Redevelopment Agency Board and City Council authorize City <br />Manager and Redevelopment Manager to execute an Owner Participation <br />Agreement (OPA) with KDF Communities in substantially the form attached, <br />allocating $500,000.00 of 2002 -2003 and 2003 -2004 HOME funds and <br />$150,000.00 in Redevelopment Housing funds to Hallmark Apartments for the <br />acquisition of 72 units to be made affordable to low and very low income persons <br />3. That the Redevelopment Agency Board and City Council authorize City <br />Manager and Redevelopment Manager to execute a subordination agreement <br />presented by Fannie Mae as a participating lender in this acquisition. <br />The motion passed by a majority roll call vote with Council Member Ruskin <br />voting no. <br />RDA 03 -35 <br />MINUTE ORDER 03 -301 <br />9:45 p.m. — adjourn the Redevelopment Agency meeting <br />SPECIAL JOINT CITY COUNCIL AND DECEMBER 15, 2003 <br />REDEVELOPMENT AGENCY MEETING MINUTES PAGE 5 <br />MINUTES Book No. 60 <br />Page No. 126 <br />