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A d. That 10% shall be allocated to Bond redemption and interest payments. . e. That 5% shall be allocated to the General Reserve Fund. f. That in the event allocations made under D & E become exessive, all percent- ages of such excess shll be reallocated on an equal percentage basis to the purposes indicated in A & B above. g. That the allocations herein provided for shall not be subject to change or revision except by ordinance which shall require a referedum of the people. It is my sincere belief that only by some such method can out true intent be conveyed to the people with complete assurance of our good faith that the sales tax is not being imposed just for the purpose of providing another form of tax revenues over and above existing property taxes.. The Mayor stated that he was under the impression that in the future that this tyW of report would be prepared and given to the council members. This was followed by discussion. The Counoil was confused as to what Councilman Weiss had in mind in,regard to the 60¢ for general purposes. Council- man Herkner stated that he would like to see this report and have a study meting to discuss this matter* As there was no second to the motion, the motion lost. Councilman Herkner moved that a copy of this report be made and mailed to the Eouncil members and the Mayor to set this up for a study meeting,,seconded by Councilman Weiss and carried. PROGRESS PAYMENTS: Progress iayment No. 3, Oscar C. Holmes, Inc.: Industrial War Improvements, in the amount of $34..946.50+ Progress Payment No* 1 Oakland Sewer Construction Company, Relief Sanitary Sewer�Project Unit VIII, in the amount of lls9369730 Progress Payment No. 5, Oscar C. Holmes, Inc., Parking Lot 1V, in the amount of $29,384.47• City Manager recommended approval of payment for the above progress payments. Councilman Spillers moved approval of the payments, seconded by Councilman Stout. This was followed by discussion as to N the percentage of completion of these jobs. Councilman Weiss asked that in the future information AN" regarding percentage of completion, amounts of previous payments and any other pertinent facts be presented at the time of the progress payment is presented for payment. No action was taken on this suggestion and the motion carried. TRAFFIC COMMITTEE RECOMMENDS PASSENGER LOADING ZONES AT THE ENTRANCES TO SEQUOIA HIGH SCHOOL. It is the recommendation of the Traffic Committee that the following passenger loading zones be established: 1. On the north side of James Avenue for a distance of sixty feet east from the James Avenue entrance to the High School. 2. On the north side of James Avenue for a distance of sixty feet west from the James Avenue entrance to the High School. 3. On the south side ob Brewster Avenue for .a distance of eighty feet crest from the main entrance to the High School: 4, On the south side of Brewster Avenue for a distance of forty feet west of the Brewster Street entrance to the High School. These recommendations were concurred in by the school authorities and it should be pointed out that all zones are being established on the school side of the streets involved. Councilman Stout moved approval of the recommendation of the Traffic Committee, seconded by Councilman Weiss and carried. TRAFFIC CMWTTEE RECOM OM PARKING REGULATIONS IN THE AREA OF THE NEW PARKING LOT NO, 6 It is the recommendation of the Traffic Committee that the following improvements by made: 1, A red zone be established on both sides of Middlefiedld Road from Jefferson Avenue to Theater Street. 2. A red zone be established an the west side of Hamilton Street from the north line of Parking Lot No. It to Theater Street. 3. A red zone be established on the south side of Theater Street from Middlefield Road to Hamilton Street. 4. A red zone be established on the easterly side of Winslow Street between the northerly line of 0