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Bonnie Miller, 1224 Fifth Avenue, noted she was part of the past effort to keep our Redwood City firefighters in the City and feels Option 3 is the only choice and urged the Council Finance Committee to work on the funding for it. She cited the new site and layout is better for park users while eliminating the hazard of apparatus backing up. Discussion ensued regarding temporary housing, low siting costs, cost analysis details, and existing contract with San Mateo County expiration date in 2007, and negotiated details. Mayor Howard suggested that the Council could send a letter to the Board of Supervisors requesting their consideration that our decision for a sound investment will outlast the tenn of the current contract and we do so in good faith to continue the mutual benefit of everyone. MIS IralHartnett to approve the recommendations for option three with the conditions that the City Council Finance Committee review appropriate funding sources with staff and to bring back recommendations to Council by February I, 1999 and then the Council will consider whether we can afford Option 3 at that time and will make a final decision at that time. The motion passed by majority roll call vote with Council Member Jordan voting no. MINUTE ORDER NO. 98-275 Council Member Hartnett stated that by February 1, 1999, it is his expectation that the Council Finance Committee will have completed the Council report regarding appropriate reserve fund balances in respect to utility user tax recommendations and this matter can be included in this report at that time. B. Authorize Sale of 3.9 acre Parcel to BeImontlRedwood Shores Elementary School District in the Amount of$2,975,OOO (301) i. Introduction of Ordinance Sr. Civil Engineer Lynch reported on the past negotiations between the City and Belmont School District for the use of the Sandpiper Park site and for the construction, installation, and maintenance of the new school, park, and community center. He recognized Redwood City's Park and Recreation Director Griffiths who was instrumental in these many years of negotiations. He explained this agreement stipulates that following the acquisition of the Egret Lane parcel, the District would in turn acquire that portion of the Sandpiper Park site, which is to be used for the elementary school. Discussion ensued regarding appraisals versus negotiated uses, site covenants and conditional uses, Egret Lane and negotiations, and timeframes. La Vern Atherly-5l5 Pringle Drive, questioned if this is a cash transaction to Redwood City or just an intemal financing for the new community center. He urged Council to not allow this $2.9 million to go into the City's general fund as this land was taken off the tax roles for GID 1-64 and feels this money should be put back into GID 1-64. The City Manager replied that this is a cash transaction of which the Council detennined prior that this money goes into a sinking fund to be drawn down over time to assist the maintenance of the park and the staffing of the new community center. SPECIAL COUNCIL MEETING MINUTES BOOK NO. 57 NOVEMBER 23, 1998 MINUTES Page No. 212 PAGE 5