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295 Councilman Weymouth moved to adopt ORDINANCE NO. 1459 AMENDING SECTION 20.127 OF THE CODE OF THE CITY OF REDWOOD CITY RELATING TO PARKING METER FINES, seconded by Councilman Henderson, John Rosselli, 950 Nob Hill Road, requested that Council defer action on this Ordinance, stating he has spoken with a number of merchants, and indicating there was a proposal forthcoming from the Chamber of Commerce. He requested the matter be held over for two weeks. Council questioned what effect this would have on the Budget, just adopted. City Auditor -Accountant stated $15,000 annual increase had been expected by the increase, and that loss of approximately $1200 could be anticipated by delay. Mayor Bury responded to criticism concerning collecting fines to put in General Fund, indicating meters provide an enforcement technique, but the fact that it becomes a source of income is secondary. Meters enable parking to be available downtown, he felt, and indicated further that he had been unable to generate any interest or concern regarding the subject, in his contacts with the merchants. It was also noted by Council that some cities currently have the $2.00 fine, while in others, where metered parking is not in use, parking space is difficult to find. There was additional discussion concerning the Chamber of Commerce and report alluded to. Mr. Andrew Bacigalupi, 3766 Farm Hill Boulevard, spoke in opposition to parking meters. In further discussion, it was indicated that the Chamber of Commerce had gone on record as not opposing the increase in parking meter fines, nor had they expressed objection in the weeks prior to introduction of the ordinance. The fact that Redwood City was the only one in the Southern District of the County having less than a $2.00 fine for overparking was pointed out, and this has been an inconvenience to the County. City Manager also noted a detailed report submitted when the matter was discussed approximately two years earlier. Property owners involved in the District had sought ways to remove the parking meters, and still redeem the bonds. Bond counsel indicated that if there was a substitute plan, and the meters removed, the plan would have to have the same legal effect and stability as when the District was formed, in order to guarantee amortization of the bonds. He -- did not see that a plan to accomplish this could be developed within two weeks. He also noted City is limited in the text of the Bond to 10¢ per $100 assessed valuation. Motion carried on roll call vote, Councilmen Henderson, Keckley, Petersen, Weymouth and Mayor Bury voting yes; and Councilmen Arnett, and Rhodes voting no.