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NEW BUSINESS <br />25. Eucalyptus Street Tree Inventory (Staff: R. Chiu) <br />26. Consideration of 2011-12 Budget Preparation Calendar (Staff: N. Pegueros) <br />27. Consideration of Commercial Debt Securities as Permissible Investments (Staff: N. <br />Pegueros) <br />28. Consideration of Funding Request for Consultant Services to Prepare Grant <br />Proposal for the Edith Park/Adobe Creek Restoration Project (Staff. D. Pedro) <br />PLANNING DIRECTOR'S REPORT <br />29. Notification of Planning Commission Approval (Staff. D. Pedro): <br />LANDS OF KEARNEY: 27361 Moody Road; File #61 -10 -SD -GD -CDP; A <br />Conditional Development Permit for a new 3,098 square foot two story residence <br />with a 546 square foot detached garage and a grading Policy exception for up to five <br />feet of fill for the Driveway. CEQA Review: Categorical Exemption Per Section <br />15303 (a) (Staff. D. Pedro) <br />• Planning Commission Vote: 5-0 (Unanimous) <br />• Appeal Deadline: February 25, 2011 <br />REPORTS FROM COMMITTEES, SUB -COMMITTEES, AND <br />COUNCILMEMBERS ON OUTSIDE AGENCIES <br />30. Recommendation from the Standing Education Committee Regarding the Los Altos <br />School District Parcel Tax — Bart Carey, Committee Chair <br />STAFF REPORTS <br />City Manager <br />City Attorney <br />City Clerk <br />COUNCIL INITIATED ITEMS <br />31. Request for Sponsorship of the 6th Annual Hidden Villa Concert Series -Marc Sidel, <br />Associate Director of Development at Hidden Villa (Mayor Summit) <br />32. Consideration of Grading and Basement Policy Ad Hoc Committee <br />(Summit/Mordo) <br />ADJOURNMENT <br />4 City Council Regular Meeting Agenda <br />February 17, 2011 <br />