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Mayor Kinney stated that in order to apply for various forms of funding, the City has been told by State and Federal agencies the size we must be. Under the maze of court orders, it would be counter-productive to uphold this appeal. He felt that the this appeal had to be denied begrudgingly, as there was no alternative, but encouraged a further look. MATTERS CONTINUED FOR DECISION ... Report Re: Specific Wording for Redevelopme.nt.' .Ball0.t Mea. s...u..r..e Councilmember McLain gave background of the creation. of the P~ and ' made a statement regarding the status of redevelopment. In order to avoid divisiveness in the community, it was moved by Councilmember McLain, seconded by Councilmember Herlihy, to introduce an ordinance to be read by title only and waiving further reading thereof, to rescind Ordinance No. 722 establishing the Redeveloping Agency. Councilmember Herlihy, in seconding the motion, stated that perhaps revitalization can be done another way, but it will cost the taxpayer more money. Bonding capacity is limited and the best way is through the Redevelopment Agency, but in order to keep the community together, he would support Councilmember McLain. Mayor Kinney stated his objections to the motion, saying the Council had agreed to go to election on this matter. He further didn't feel the community was being split. Pleasanton has survivied controversy before=. Cities are being stripped of their powers by Federal and State agencies. Councilmember LeClaire felt that the lack of community understanding of redevelopment was tragic and that it is going to be very difficult to support these projects with other means of funding; that redeveiopment is a valuable tool for financing. Councilmember Philcox felt that the Plan-itself should be the issue. -- Tax increment financing is the least expensive way to support these projects. He questioned how many citizens would support a bond issue.- He did.not.. feel that the City can afford to put these projects under GO bonds and his concern was how else can we provide the improvements needed to keep our area healthy. Councilmember McLa~n suggested that perhaps a committee consisting 'of representatives of each of the Homeowners Associations and service clubs of the City be formed to re-evaluate methods to accomplish these revitalization projects. Mayor Kinney did not feel that an activity of this type would sustain ~he interest of the members of such committee. Councilmember Herlihy called for the question to close debate, seconded by Councilmember LeClaire. The roll call vote was as follows: AYES: Councilmembers Herlihy, LeClaire, McLain and Philcox NOES: Mayor Kinney ABSENT: None Mr. Scheidig read the motion as made by Councilmember McLain to introduce an ordinance to be read by title only and waiving further reading thereof, to rescind Ordinance No. 722 establishing the RedeVelopment Agency. The roll call vote was as follows: AYES: ~oUncilmembers Herlihy, LeClaire, McLain and Philcox NOES: Mayor Kinney ABSENT: None Mr. Scheidig explained that the second reading of this ordinance will be held at the December 8 meeting. Mayor Kinney asked if members of the audience wished to speak regarding this matter. The following spoke in favor of the action taken 4. 11-24 -75