Recommendation to adopt resolution requesting that the Board of Harbor Commissioners approve the transfer of 5 percent of Fiscal Year 2017 (FY 17) gross operating revenue, from the Harbor Revenue Fund (HR 430) to the Tidelands Operations Fund (TF 401), with a true-up adjustment if necessary, to reflect the final gross revenue amount upon issuance of the Harbor Department’s FY 17 audited financial statements.  (Citywide)
Motion carries. Thank you. Item 26 Report from Financial Management. Recommendation to adopt a resolution requesting that the Board of Harbor Commissioners approve the transfer of 5% of fiscal year 2017. GROSS operating revenue from the Harbor Revenue Fund to the Tidelands Operation Fund City Wide. Mr. Wester, any comments on this? An expression by an instructor. John GROSS. This is an incredibly important resolution tonight. John on Roman Council members, thank you. This is an annual event where we are required. If we want to get money from from harbor, if they have surplus funds, we have to request it. This is our annual request compliant with the charter. We expect once we make this request, if you so choose, that they will approve it and we will receive about $18.6 million from the harbor operations which will support our Tidelands Fund and our beach operations. Thank you. Councilman Price. I support this motion and urge my colleagues to do so as well. And consider the comments. Okay to the motion for a second. Any public comment? Mr. Good hear. Obviously we fully support this. But it also goes to remind that if it were not for the Tidelands moneys and the more that flowed to the city for this, we would undoubtedly be. On the road to bankruptcy, period. Jettisoned by the $90 million debacle that we're now standing in, i.e. the new civic center. Keep that in mind. Never forget it. Thank you. Thank you. There's emotion in a second signal. Public comment. Please cast your votes.