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0 -0 ,,p - L ICA 1� 297 and City Engineer Jain attending. The Water Superintendent asked that the water lines be increased in size thus increasing the cost to the City. The total cost to the City would then be $6#589.79. Mrs. Cost- ello briefed the conditions of the agreement to be signed by the City and the property owners. He also give a breakdown of the figures for the increase in the water line. City Attorney Costello recommended that instead of the City increasing the amount of their contribution that they purchase the right-of-way for the $6i589.79s that they not enter into any contractual agreement with the property owners to pay other costs, and the mark to be approved by the City Engineer in accordance with the plans and specifications set by the City*. City Engineer Jain explained the breakdowa of the figures and why these parts were needed. Councilman Herkner suggested that this be paid from the water fund. The City,Attorney read the ordinance he had prepared transferring the funds and explained how the arrived at the breakdown between departments. This was followed by discussion in regard to the splitting of the costs of the engineering charges and also discussion on the 10" water line* Councilman Stout offered RESOLUTION 2114 AUTHORIZING THE ACQUISTION OF CERTAIN REAL PROPERTY FOR THE EXTENSION OF MARSHALL STREET FROM WALNUT STREET TO MAPLE STREET and moved its adoption, seconded by Councilman Spillers and carried on roll call, Councilman Britschgi being noted absent. Councilman Spillers offered intorduction of ordinance authorizing purchase of real property, for the extension _of Marshall Street from Walnut Street to Maple Street and appropriating the sums -of $6,650.00 for the acquistion thereofs seconded by Councilman Stout and carried. Mr. Currie asked the Council to direct the Clerk to contact the P. T. & T. and the P. G. & E. The Mayor stated that this was understood. CITY AUDITOR REGARDING TRANSFER OF FUNDS. The Clerk read the following reports The cash position of the General fund will be overdrawn on September 30s 1956, and it is necessary to request a loan form some other fund. It is the City Auditors' recommendation that $140,000.00 be transferred from the Equipment Replacement Fund for this purpose. Councilman Spillers moved approval of the transfer and offered RESOLUTION 2115 TRANSFERRING $140.000 FROM THE EQUIPMENT REPLACEMENT FUND and moved its adoption, seconded by Councilman Weiss. Councilman Granger asked that this money be replaced as soon as possible. The motion carried on roll call with Councilman Britschgi being noted absent. COUNCILMAN WEISS REGARDING POSSIBLE ALLOCATION OF SALES TAX trnrvtiVuw. . Councilman Weiss read the following prepared statements In order to correct arW possible error of intent that may have been conveyed to the public by what I believe to be an incomplete report published in the Redwood City Tribune covering the proceedings of this council of September 24th, on the question of the Sales Tax; I desire to clarify and amplify my position on the subject. I clearly indicated in my prepared statment read at the aforementioned meeting, and a copy of which was furnished the Tribune Reporter, that it was my belief and intent that the imposition of a sales tax must not become just anotherand additional source of revenue unless corresponding or compensatory reductions of property taxes were provided for. I further indicated that I was not opposing the proposed resolution of intention because I felt certain that my colleagues would provide adequate safeguards as would protect and ensure relief to the property owners. To set before -the people the true intention of the council on the proposed allocation and use of revenues from such a sales tax when and if it is adopted, I feel it is necessary for us to be a little more explicit, with that in mind I more that the City attorney be instructed to prepare for our further study and the publics information and before arq action towards. its introductions a draft of an ordinance on the subject of the allocation of revenues from such proposed sales tax$ and wkich amongst other necessary provisions shall include: a. That 50% of all revenues from such sales tax shall be placed in a special fund to be applied solely as an in lieu of property taxes to such an extent that the tax rate on property for general purposes shall not exceed 60 cents per $100 of assessed valuation. b. That 10,E thereof shall be allocated to the general fund. c. That 25% shall be allocated to Capital Outlays to be expended in accordance with an� appropriate program and priorities to be established without undue delay: provided that funds in the Capital Outlay account shall at no time become available for transfer to other purposes or fudnss except as hereinafter provided in subparagraph G.