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415 Mayor Mercer indicated Council should accept the report and it appears to be a 9-10 month process to address all concerns of the public. Tonight is not the time to address each individual issue. Council should decide on whether it agrees with the CDA concept and direct that we go on with public hearings. Councilmember Mohr indicated she had raised same question as Councilmember Wilson. The answer is that the boundaries are not cast in concrete and are still under discussion and there is some flexibility to respond. Councilmember Butler thinks everyone should understand that the proposed list of projects with $51 million total isn't the final word at this point and there will be many questions about projects on list and some not on the list. Unidentified speaker asked if this was anything like a redevelopment and wish to remind Council that his group have fought redevelopment twice in the last 10-15 years and they will fight it again. Mayor Mercer indicated this is not like redevelopment. Will exclude every resident out of CDA. Going to take taxes generated by the business community, a portion of which goes to the county, will now recapture part of that back from the county and the city will buy bonds with that money, uses the bonds to do improvements downtown and then pay the bonds over a number of years with tax money accrued. Councilmember Brandes indicated another important difference from some redevelopment projects is that fact that this is tax incremental financing and does not put a bond or encumbrance on individual properties whatsoever. Mayor Mercer indicated that issues that surfaced a number of years ago was the condemnation powers and that really needs to be addressed in this one as it goes forward. Robert Cortz, 262 West Angela, has reviewed downtown specific plan. Extension of Sunol Boulevard looks like a landing strip. It dissects downtown park. 1976 plan indicated First Street had a noise level unacceptable to housing and office space. You will need a soundwall down there. It was moved by Councilmember Brandes, seconded by Councilmember Mohr, to approve the task force recommendations. Councilmember Butler pointed out that this is only to initiate the procedure. Councilmember Wilson feels that tax increases are part of Prop 4 money and we always allow the citizens of Pleasanton to vote to use the Prop 4 money and they are entitled to vote on this $51 million project. Councilmember Mohr pointed out that there is an annual 2% increase in property tax and its that incremental amount we are talking about, we are not raising taxes over what they would - 8 - 10-6-87