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Councilman Weymouth moved to introduce Ordinance of the City of Redwood City adopting the Final Budget for Fiscal Year July 1. 972 - June 30 , 1973 ; providing for the appropriation and expend. i_ ture of all sums set forth in said Budget ; providing for emergency expenditures , transfers , addi - tional appropriations and cancellation of existing appropriations , the disposition of unexpended unencumbered moneys in funds at close of Fiscal Year , amending the disposition of proceeds collected under Article I , Chapter 32 , of the Redwood City Code ; providing for proposed amendments regarding certain funds ; adopting the Budgets for General Improvement Districts No , 1-64 , No . 1 -65 , No . 2 -65 and 3 -65 for the Fiscal Year July 1 , 197= - June 30 , 1973 ; and , repealing Ordinance No . 1495 , as amended , and all Ordinances and Resolutions in conflict herewith , seconded by Councilman Williams and carried , It was noted by Mayor Keckley at this point that Messrs , Greenwald and Floyd were present , whereupon they were administered the Oath of Office by the City Clerk and presented by Mayor Keckley with their Certificates of Appointment to the Board of Library Trustees and. the Planning Commission, respectively . Councilman Henderson moved to introduce Ordinance amending Sections of the Code relating to the designation and purposes of certain funds therein. specified , repealing Section 2 . 41 . 2 of said Code relating to the Sales _ Tax Capital Txpenditure Fund , and providing for the disposition of unexpended unencumbered monies in said funds , seconded by Councilman Weymouth and carried . Councilman Weymouth moved to adopt RESOLUTION NO . 6739 AUTHORIZING EXCHANGE OF REAL PROPERTY INTERESTS PROVIDING FOR RELINQUISHMENT OF CERTAIN ARTESIAN WELL RIGHTS AND ACCEPTANCE OF STORM DRAINAGE EASEMENT (LESLIE SALT CO . ) , seconded by Councilman Williams . Leslie Salt Company had requested relinquishment of artesian well rights granted in 1903 to Redwood City ' s predecessor entitled to well water utility operations . Additionally , City proposed that in exchange for the relinquishment of the well rights , a storm drainage easement be granted to the City for facilities located in the vicinity of Second Avenue , City Assessor ' s statement fo appraisal verifying that property exchanges was of equal value was on file , Councilman Norris referred to memorandum by City Attorney in which three items were listed , one being relinquishment of artesian well rights , and inquired as to why the interest and why at this particular time . City Attorney responded, indicating staff was not privy to negotiations going on between Leslie and any other parties , but that there was a 6-19-72 Reg, Mtg .