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signal installations , and modernization of others . He pointed out that in the Jefferson Avenue - El Camino Real intersection , prior to the installation completed last August , there had been 40 accidents per year , but that in the seven months since the installation they had yet to record the first accident in that intersection . He advised traffic volume amounted to 46 , 000 cars per 24-hour period , and felt there would be better flow with improved signal tie -ins , which would not increase speed , but would permit even traffic flow . Engineer ' s estimate of cost for the project was $820 , 000 , of which $364 , 000 would be paid out of Gas Tax funds , and State contribution would be $456 , 000 . It was estimated the project could be in construction within a year from the time a concept is decided upon , with 6 months to a year for completion . Police Chief then referred to the drawings , and detailed the basic changes proposed . One plan proposed elimination of all curb parking , the other eliminated 90 spaces . Mayor Bury invited questions from Council and the audience . Engineering Staff responded to question by Council as to type of signal proposed for Hopkins , advising this would be integrated system, similar to that at Arguello and Whipple Avenue . The State would maintain and operate the signals , and would have a lot to say about what was installed . In response to question concerning estimated costs , it was indicated both plans were about equal . It was also noted the estimates were only a preliminary figure . The plan which called for elimination of curb parking would have more beautification work in the medians . In brief discussion concerning undergrounding of utilities , it was learned that a high-power line at James was not proposed to be changed . City Manager responded to a question from the audience concerning taking of buildings , with assurance that in neither concept was there any intention to go beyond existing property lines , therefore no rights of way would be required . Police Chief was asked for comparison in accident rate for no parking versus curb parking . He stated the ultimate traffic safety plan certainly would be to have no parking . He indicated their estimate with this proposal was that accidents would be cut 75% . There was considerable discussion on need for off- street parking , and it was brought out Gas Tax funds cannot be used for the purpose . City Manager