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<br /> . II ,. <br /> Council discussed need to keep the area along El Camino Real and the <br /> Sequoia fields from becoming public areas attracting nuisances; the <br /> matter of policing the area and eliminating obstructions to a clear view <br /> of the area; and Councilman Murray stated his concern that when using <br /> - these funds for landscaping, care be taken to use funds only in addition <br /> to the normal allocation of of funds raised by the Special District <br /> landscaping tax in order to avoid inadvertently funding projects in other <br /> schools from Redwood City Bond Issue funds. <br /> Redevelopment Agency Director Church described the letter of approval <br /> process with the School District for the disbursement of the monies at <br /> the time of Agency approval. <br /> CONSENSUS: It was determined by Mayor La Berge to be the consensus of <br /> the Council to approve the agreement with Sequoia Union High School <br /> District, but to have staff submit a detailed expenditure report to the <br /> Council before the funds are disbursed. <br /> MEMO 5/19/92 <br /> Title read. MIS: Greena 1 chlBuchan <br /> RESOLUTION NO. RD 92-06 APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT <br /> BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY AND SEQUOIA <br /> UNION HIGH SCHOOL DISTRICT <br /> Adopted by unanimous roll call vote. <br /> ---------------------------------------------------------------------------- <br /> B. Assumption of Owner Participation Agreement. $4,615,000 City of Redwood <br /> City Multifamily Revenue Bonds Series A 1987 (GNMA Collateralized - <br /> - Redwood Pl aza Project) (1402-04) <br /> REPORT: Community Development Director, May 11, 1992 <br /> Redevelopment Director Church advised this resolution and this agreement <br /> were the Redevelopment Agency's companion documents to the resolution and <br /> agreements approved by the Council earlier this evening for the <br /> assumption of the Redwood Plaza Project Owner Participation Agreement. <br /> Title read. MIS: Greena 1 chlMurray <br /> RESOLUTION NO. RD 92-07 APPROVING AGREEMENT WITH BUYERS OF REDWOOD PLAZA <br /> PROJECT WHO WIll ASSUME OBLIGATIONS UNDER OWNER PARTICIPATION AGREEMENT <br /> Adopted by unanimous roll call vote. <br /> ------------------------------------------------------------------------------- <br /> 4. CLOSED SESSION <br /> None scheduled and none held. <br /> ------------------------------------------------------------------------------- <br /> I Redevelopment Agency Adjourned Regular Meeting Minutes <br /> - May 18, 1992 <br /> PAGE 2 MINUTE BOOK NO.1 <br /> Page No. 59 <br />