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353 <br /> Councilman Christensen , seconded by Councilman Fletcher , proposed the adoption of resolution <br /> approving Memorandum of Agreement for Expenditure of 1/4 Cent as Tax Allocated for <br /> State Highways and authorizing the City Manager to sign such agreement on behalf of <br /> the City . Carried . <br /> The City Manager submitted estimates of the costs for installing neon signs and illuminated <br /> painted signs along the Bayshore Highway and was instructed to get the neon signs . <br /> Councilman Christensen , seconded by Councilman Fletcher , proposed the adoption of resolu- <br /> tion accepting Quit Claim Deeds for various lots in Redwood City from Albert P . <br /> Groebl and Nora Pearl Groebl ; William M . Cashman; Thomas J . Callan and Bridgie Callan. <br /> Carried. <br /> Councilman Eva was authorized to submit an offer to the County Tax Collector to- pay $5 <br /> ner lot to clear of all county taxes the lots which the City is taking over . Carried. <br /> After a discussion concerning the method of handling the costs of acquiring lots and <br /> what to do with the proceeds after sales of any of the lots , Councilman Eva, seconded <br /> by Councilman Fletcher proposed the adoption of the following resolution: <br /> RESOLVED by the Council of the City of Redwood City that the City <br /> Treasurer be , and he is hereby authorized to transfer , from the General <br /> Improvement Fund of 1937 commonly known as the 1915 Act Investment Fund , <br /> the sum of $5 ,000 to the 1915 REAL ESTATE FUND , which fund is to re- <br /> flect the costs of the acquisition and the returns from the sale of <br /> property by the City . <br /> Carried. The treasurer was also authorized to charge the salary and expenses of <br /> Mr . Paul to the Real Estate Account effective as of July 1 . It was also decided <br /> that when lots were sold that the purchase price should be paid to the City Treas- <br /> urer and that from such receipts he clear the charges on the respective lots with <br /> the City Tax Collector. <br /> The departmental reports were ordered filed. <br /> The approved claims were ordered paid on motion of Councilman Fletcher , seconded by <br /> Councilman Christensen. <br /> On motion of Councilman Fletcher , seconded by Councilman Eva , the meeting was ad- <br /> journed to Monday , December 13 , at g o ' clock P. M. <br /> 4 , ) <br /> City Clerk V <br /> BEM: HAS <br />