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129 representing full time peace officers and fire fighters, and provide for formation of a 3 -member arbitration board. Com- mittee recommends opposition, since the effect would be to restrict freedom ofnegotia ion between the subject parties and further deprive local agencies of jurisdiction over local matters. 4. Property Taxation (ACA 21, SCA 2). Both proposed Consti- tutional amendments would change the method of property taxa- tion so that local governments would be either restricted or prohibited from imposing property taxes, and would transfer administration of taxation to the State Legislature, with provisions for subventions to local governments to replace revenue sources eliminated by the amendments. Loss of ability to tax locally would have such an adverse effect on local financing that severe and disruptive financial problems would be encountered by municipalities. Committee recommends oppo- sition to ACA 21 and SCA 2. 5. Disclosure of Assets (SB 274, AB 430). These pending bills relate to disclosure of assets of certain designated local officials, requiring that they file as a public record a state- ment listing name, instrument of ownership and any position of management held in any business entity in which their financial interest exceeds $1,000, and if so, it must be stated whether such interest is more or less than $5,000 in value. Other certain officials would so list such investments only when the business entity is one which is regulated by the agency, depart- ment, board, committee or commission of which such officials are members. Committee recommends support of SB 274 and AB 430, since some of the provisions would be eliminated from the present act which tend to discourage responsible citizens from seeking public office. 6. Redwood City State Colle e Site. Committee has learned that the State College Board o Trustees has requested permission of the Coordinating Council for Higher Education to proceed with construction of the San Mateo State College in Redwood City. Since construction will presumably require legislative appropri- ations, and since in the opinion of the Committee it is in the best interest of the City to urge early construction of the college, it is recommended that the Council advise the State C2111 Board o Trustees, he Coordinating Cos or Higher Education and the Ci y s legislative representatives, of the City's desire or early construction, Committee has accordingly prepared a resolution for considera ion by Council, and recom- mends adoption. In addition, it is recommended that Staff be requested to report to Council within 60 days as to recommenda- tions with regard to adequate traffic facilities necessary to accommodate use of the college site. Councilman Rosselli indicated acceptance of the Legislative Report, with exception of Item 5, pertaining to disclosure of assets. He felt it placed a handicap on non- political positions, and that it was an invasion of privacy. Mayor Bury concurred, in that the matter of these disclosure bills is being given emphasis, but seem more difficult to comply with. Councilman Weymouth also indicated opposition. Councilman Arnett moved to accept the report and implement recommendations, seconded by Councilman Keckley. Motion carried, Councilman Rosselli voting no. (MINUTE ORDER # 70-46) Councilman Arnett moved to adopt resolution urging early construction of State College in Redwood City, seconded by Councilman Henderson. Mayor Bury requested whether it would be possible to obtain a copy of the resolution for review of the text, and that action be deferred until the next meeting. He expressed concern about the desirability of urging construction. He felt that consideration of the problems of logistics involved with the obvious added traffic problems should be considered, and noted that having observed traffic generated since the opening of the Junior College, it may be that another college may not be wanted. Council- man Arnett stated that it was not a question of whether or not to have the college,