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<br />Community Development Services Supervisor Jones-Thomas said, "On Saturday, <br />Housing Secretary Cuomo announced at the National Conference of Mayors that <br />Redwood City had won the John J. Gunther Award for City Center Plaza." She said <br />this award is a 'best practices award', and it signified that Redwood City was one of <br />the few cities in the country that is engaging in innovative partnerships with the <br />federal government to meet affordable housing needs. <br />1) MIS: RUSKIN/HARTNETT. TITLE READ. <br />RESOLUTION NO. RD98-09 APPROVING AND AUTHORIZING EXECUTION OF <br />SUBORDINATION AGREEMENTS AND SUPPORTING DOCUMENTS IN FAVOR <br />OF CITIBANK AND UNION BANK RELINQUISHING PRIORITY OF <br />OBLIGATIONS CONTAINED IN AFFORDABLE HOUSING COVENANT - <br />MAlN/MIDDLEFIELD REDEVELOPMENT PROJECT. <br />ADOPTED BY UNANIMOUS VOICE VOTE. <br />-----------------------------------______m--_--_--_-----------------------------------u_--------------------------------- <br />B. Fiscal Year 1997/98 Budget Revisions; (404) <br />STAFF REPORT: Redevelopment Agency Executive Director Church, June 22, <br />1998 <br />City Manager Everett presented the staff report and said this proposal was in <br />response to two projects about to begin: the Downtown Cinema Project and the <br />Broadway Sidewalks Project. He said these were new proposals that were not <br />included in this year's Budget and had no appropriated funds in this fiscal year. City <br />Manager Everett said if the projects move forward the funds would be rolled over into <br />the next fiscal. City Manager Everett said, "we wanted to, at the close of this year, <br />since we have started the process of looking at RFPs, etc., set-up the appropriation <br />limits. That is basically the $2 million that was negotiated by the Council and the <br />School District. About $1.2 million will come from fund balances, $800,000 will <br />come ITom Agency Bond Funds, and the Bond funds will contribute $80,000 for the <br />Broadway sidewalks." <br />I) MIS CLAIRE/RUSKIN. TITLE READ. <br /> RESOLUTION NO. RD98-10 OF THE REDEVELOPMENT AGENCY OF <br />THE CITY OF REDWOOD CITY AMENDING BUDGET FOR FISCAL YEAR <br />1998-98; <br /> ADOPTED BY UNANIMOUS ROLL CALL VOTE. <br />-------------___--__m___----_-----------------------------------------_--_--__m--_--___--------------------------------- <br />3. CLOSED SESSION <br /> None Scheduled. <br />SPECIAL REDEVELOPMENT AGENCY MEETING MINUTE BOOK NO.1 JUNE 22,1998 <br />MINUTES Page No. 495 PAGE 2 <br />