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Council. The developers, once the infrastructure is built, step out of the picture with the third stage of how those funds are to be distributed, and at that stage, I really believe the residents of Redwood Shores should be brought into the process and be listened to very carefully, and should have a strong voice as to how those funds would be expended.... I would bet there will be more residents who would rather use the money to improve their neighborhoods in capital expenditure efforts.... Why would I all of a sudden switch from a developer participation to a residents participation? If there are excess funds left over, in my opinion, the residents actually paid for those excess funds.... It will be built into the price of the housing unit or commercial property that that individual buyer buys. And that to me means that the funds that are left over, above and beyond the required capital improvements of that particular development, really belong to the residents, the people who bought the property, because they paid it in the sales price.... I'd rather have all Redwood Shores residents participate in it because, the original residents out there paid a much higher bond indebtedness fee than the newer residents are paying." Vice Mayor Howard asked if the Council approved the proposal as offered, would that preclude Council action within that five years to change the composition of the Facility Fee Committee? City Manager Everett said if both the City staff and the Developers agree to a change then it would come back to the Council for its decision. He said that if you adopt it tonight as presented, then the Committee would remain in its current configuration. City Manager Everett said when the proposed ad hoc committee is considering "the when and the how" the City staff will be talking to the developers to try to achieve something "they too are comfortable with, because they are part" of the decision making process. They have to be a party to any agreement. Vice Mayor Howard said "the developers do pay the fee... but those costs are passed on to the people who are living in Redwood Shores, so in a way their buy-in is there, too. If we were to have an ad hoc committee I'd rather see them incorporated sooner rather than later." She said she agreed with Planning Commissioner McCoy who said there is a sense of taxation without representation, and an ad hoc committee with meaning is very important. Councilman Ruskin said, "This is a complex matter, and it is hard to make a decision that I can be completely satisfied with in the sense that I haven't had that much time to think about this, and there are a lot of other things I would like to consider. I find myself open after listening to Mr. Slusser and others, open to the idea of having a voting member from the Shores. But I am also persuaded that this is not a unilateral agreement and I'm reluctant to make changes unilaterally tonight.... I would like to consider though, the matter of greater representation of the Shores and that is one of the things even from a voting stand point, that could be discussed through that ad hoc committee." REGULAR COUNCIL MEETING MINUTE BOOK NO. 55 JULY 14, 1997 MINUTES Page No. 466 PAGE 29