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0- 6" 21 375 5. Sales tax of 1% on retail sales to liquidate the above total of $4,365,000. The committee recommends after due consideration, that the above projects should be financed by a bond issue, to be liquidated by sales tax revenues rathter than by further additions to property taxes. In any event., sales tax revenues should be the means by which capital improvements are to be paid. Our,committee considers that 15% of all sales tax revenue be set aside and reserved for future capital improvements other than the ones we are now recommending. There will be some important capital improve- ments we cannot f orsee, that should be accomplished for the progress of Redwood City in the next ten to twenty years. The application of these funds (15% of sales tax revenues) should be applied at the discretion of the City Council. This we recommend. - We propose that the City staff work on present.estimate revisions until bond issue time. Our committee will remain available to you until July 11 1960.,according to the term of our appointment., for the consideration of revised estimates on the above projects, and other work assignments. Councilman Granger moved adoption of RESOLUTION NO. 2913 EXPRESSING APPRECIATION TO THE SIX YEAR PLAN COMMITTEE., seconded by Councilman Spillers and carried unanimously on roll call. Councilman Rosselli asked the City Manager to send a copy of the resolution to every member of the Six Year Plan Committee. The Mayor so ordered. Councilman Granger moved that the report be accepted and made a part of the record (MINUTE ORDER #59- 196), seconded by Councilman Spillers and carried. (Report is on file in the office of the City Clerk under file No. 6 COMMITTEES - SIX YEAR PLAN RECOMMENDATIONS.) REPORT ON MUNICIPAL AUDITORIUM. Councilman Weymouth moved adoption of RESOLUTION NO. 2971.E APPROPRIATING THE SUM OF $1.,200 FROM THE UNBUDGETED UNAPPROPRIATED BALANCE OF THE GENERAL FUND FOR A FEASIBILITY STUDY., seconded by Councilman Fields and carried unanimously on roll call. C=4UNICATIONS: Jerome Co Draper., Jr., President of Draper Stores Company., extended their congratulations to Paul E. Perrin, City TaxCollector., on being able to reduce the tax rate for the City of Redwood City for the year 1959-60. State of California., Department of Finance, regarding the Union Cemetery in Redwood City. Section 2 of Chapter 1940 of the Statutes of 1959 provides as follows: The Director of Finance is authorized to convey and transfer to any local governmental agency or to any nonprofit association that certain parcel of real -property designated as the State Burial Ground in San Mateo County and known as the Union Cemetery if such agency or association will undertake to maintain in perpetuity the property for cemetery or public park purposes and upon such terms and conditions as may be mutually agreed upon; provided., it shall be stipulated in the grant that title to the property shall revert to the State of California should the grantee at any time fail to maintain the property as a cemetery or public park. Councilman Granger moved that the communication be filed (City Clerk1s file 18. PUBLIC WORKS - UNION CEMETERY)$ seconded by Councilman Herkner and carried. League of California Cities notice of dinner meeting on Thursday, November 19., 1959• Claims 30900 through 31033, totaling $115,137.31, were ordered paid mn motion of Councilman Herkner, seconded by Councilman Weymouth and carried. Councilman Granger moved that the meeting be adjourned and offered a RESOLUTION IN MEMORIUM OF EMILE (MOLLY) ALLAIN., seconded by Councilman Spillers and carried unanimously on roll call. Meeting adjourned., 10:24 P. m. ol avian Holmquist., D ty City Clerk