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The City Attorney that the Residential Allocation Program would remain in effect until all the necessary steps are taken to.dissolve it. REPORTS OF THE CITY ATTORNEY Implementation of Affordable H~using Competition Mr. Levine presented his proposed resolution relative to this matter. Council discussion ensued as to whether or not the resolution is necessary after the dissolution of the Residential Allocation Program. Mr. Mike Harris, representing the Chamber of Commerce Task Force on Housing Committee, requested that the resolution be adopted but delete the portions referring to RAP, to be used as a guideline for developers. After discussion, it was moved by Councilmember Wood, and seconded by Council- member Kephart, that Resolution No. 81-287, establishing an affordable housing competition for the City of Pleasanton for 1981-82, amending the reference to the Residential Allocation Program to read "any growth management limitation then in existence", and to delete Section 4, be adopted. The roll call vote was as follows: AYES: Councilmembers Butler, Kephart, Mohr, Wood, and Mayor Mercer NOES: None ABSEnt: None Repqyt on Mortgage Revenue Bonds for Housing Mr. Walker presented his report (SR 81:291) dated August 19, 1981, regarding this matter. Mr. Joe Madden, 3851 Vineyard Avenue, stated he is ready to commit to this bonding and urged Council to approve this concept of financing. After discussion, it was moved by Councilmember Butler, and seconded by Council- member Mohr, that Resolution No. 81-288, determining that the City Council make the decision to issue AB 1355 Housing Bonds,; and authorize the City Manager to do the following: (1) Interview and retain a qualified investment banking firm to work on a contingency basis; (2) Interview and retain a qualified bond counsel to work on a contingency basis; (3) Meet with local developers to determine their interest in the housing bond issue including their estimate of mortgage loan demands; (4) Interview and retain a feasibility consultant to determine the maximum income limits for the program; and (5) Collect funds from local developers to pay for the feasibility study, be adopted. The roll call vote was as follows: AYES: Councilmembers Butler, Kephart, Mohr, Rood, and Mayor Mercer NOES: None ABSENT: None COMMUNICATIONS Letter from East Bay Regional Park District Mayor Mercer presented a letter from the East Bay Regional Park District dated August 14, 1981, responding to various concerns of the Council relative to the Water Slide at Shadow Cliffs Park. The Mayor instructed that this letter be noted and filed. Mr. Walker presented a letter from E. A. Davis, dated August 21, 1981, resigning from the Housing Authority Board. Council instructed staff to proceed with the necessary advertising to replace Mr. Davis on the Housing Authority Board. ' ll. 8/25/81