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43 the Cinnabar Committee he was taking exception to remarks appearing in Col. Weiss's paper in which they stated that the -Council had as interest in the Cinnabar mine and were selling stocks* Col. Weiss stated that this was not so* They said that they did not believe that the Council had any interest in the mine. This was followed be a heated discussion. Councilman Royer will attend the Planning Commission meeting of January 10th. - p— Mayor Herkner appointed Councilman Spillers to the Board of Review in regard the to Food Ordinance* Councilman Britschgi moved adjournments seconded by Councilman Royer and carried* Adjournment., 11:08 P. M. R. S. DODOE City Clerk err Minutes of the Regular Meeting Redwood City Council Janudry 16, 1956 8:00 P. M• Devotional was lead by Reverend Rowland Edgeworth, Pastor of the First Baptist Church. ON ROLL CALL the following were noted present: Councilmen Carl A. Britschgis Floyd D. Grangers Paul Jones., William H. hoyer$ Robert V. Spillerss Hiram S. Stout$ Mayor Sidney De Herkner and City Clerk R. S. Dodge. Also present were City Manager E. A. Rolisans City Attorney C. B. Currie, City Engineer Glenn M. Jain$ Building Inspector So H. Kreisss Associate Civil Engineer Arthur U. Eskelins Police Chief William Faulstichs Fire Chief J. L. Lodi$ Assessor—Auditor John J. Brophy., Police Captain Theodore Moudakas'and Account—Clerk Vivian Holmquist* The minutes of January 3rd and January- 9th, 1956s were ordered approved as mailed on motion of Councilman Royer., , *"W seconded by Councilman Britschgie Councilman Stout stated that the minutes of January 9th did not show that the Council voted on the amendment to the motion concerning the proposed Kentfield Improvements* Motion carried subject to change noted above. OPENING OF BIDS, $750sOOO PARKING LOT BONDS. The following was the only bid received., For all but one part less than all of the $750.,000 City of Redwood City Municipal Improvement Bands., Series 55-13 Second Sales offered pursuant to you official notice of sales which notice is herewith made a part of this bids all the bonds shall bear interest represented by coupons attached at the rate of 41,% per annum. from January ls 1956 (in accordance with the notice of sale) to their respective dates of maturity. All of the bonds shall also bear interest represented by detachable couponsp at the rate of 1 3/4% per annum from January 11 1956 to January ls 1958 inclusive. We will pay seven hundred fifty thousand and no/100 dollars ($750,000-00) which is the par value thereof, and in addition thereto a premium of $110-00, plus accrued interest to the date of delivery. This bid is made for immediate acceptance., and with the understanding that the approving legal opinion of Attorneys., Messrs. Kirkbride, Wilson$ Har;;feld & Wallace, San Mateop will be furnished without cost to the successful bidder* Vie are enclosing herewith a cashier's check in the amount of $5,000,00 to be retained by you to apply to the purchase price if we are the successful bidder: otherwise to be promptly returned to us if our bid is no accepted. This bid is submitted in duplicate., one copy to be officially signed and VFW forwarded to us if we are awarded the bonds. i Very truly yourss � TAYLOR AND COMPANY AND ASSOCIATES City Attorney Currie suggested that the bid be referred to Attorney Wilson for checking* Mr. Wilson stated that there has been a material change in the sale of bonds since the original sale of the previous 55-1 series. This opinion was based on present status of bonds recently sold in Berkeley and Fresno. He further stated that he had been warned that these bonds would probably go at 41, to 412%s and the question is whether the City can conduct itself without the sale, It was his opinion that Taylor & Co. and Associates