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THE MOTION FAILED BY THE FOLLOWING ROLL CALL VOTE: A YES: COUNCIL MEMBERS IRA AND LEIPZIG NOES: COUNCIL MEMBERS CLAIRE, HARTNETT, RUSKIN AND MAYOR HOWARD MINUTE ORDER NO. 98-053 In response to Council Member Leipzig's comments that it was past midnight and therefore the Meeting was over, City Attorney Schricker said, "You had a motion pending which essentially suspended the rule." At 12:04 p.m., MIS: CLAIRE/HARTNETT TO EXTEND THE MEETING TO 12:15 P.M. CARRIED BY THE FOLLOWING VOICE VOTE: AYES: COUNCIL MEMBERS CLAIRE, HARTNETT, IRA, RUSKIN AND MAYOR HOWARD NOES: COUNCIL MEMBER LEIPZIG MINUTE ORDER NO. 98-054 MIS: CLAIRE/HARTNETT. TITLE READ. RESOLUTION NO. 13283 OF THE CITY OF REDWOOD CITY AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF REVENUE BONDS FOR THE PURPOSE OF FINANCING THE ACQUISlTION AND REHABILITATION OF A SENIOR LIVING FACILITY, AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST, A LOAN AGREEMENT, A REGULATORY AGREEMENT, AN OFFICIAL STATEMENT, AND A BOND PURCHASE AGREEMENT, AND AUTHORIZING THE EXECUTION AND DELIVERY OF AND APPROVING OTHER RELATED DOCUMENTS AND APPROVING OTHER RELATED ACTIONS IN CONNECTION THEREWITH; Mayor Howard said this proposal had been thoroughly investigated from the financial perspective, and thanked the Finance Committee and City staff for their efforts. Mayor Howard expressed her sadness that the HHCC had not been involved in this process, and suggested that Debbie Jones-Thomas work with the proponents on the housing issue. Council Member Claire, the maker of the motion, said he preferred that the Mayor's suggestion be voted on in a separate motion. RESOLUTION AS READ ADOPTED BY THE FOLLOWING ROLL CALL VOTE: AYES: COUNCIL MEMBERS CLAIRE, HARTNETT, RUSKIN AND MAYOR HOWARD NOES: COUNCIL MEMBERS IRA AND LEIPZIG MINUTE ORDER NO. 98-055 REGULAR COUNCIL MEETING MINUTE BOOK NO. 56 FEBRUARY 9,1998 MINUTES Page No. 274 PAGE 32