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2E35
<br /> recommended that the City have a festival celebrating the opening of the Harbor , bat
<br /> no suggestion was made as to the amount of any contributions of money. It was under-
<br /> stood that the advertising should be in cooperation with the Chamber of Commerce.
<br /> Councilman Eva presented a letter from Stone & Youngberg in which Mr. Youngberg requested
<br /> that the Council authorize the payment of $25 . 00 to Miss Agnes Brown as extra payment
<br /> in the purchase of a $500 , 1915 Act Bond from her. On motion of Councilman Eva ,
<br /> seconded by Councilman McNulty , the payment was authorized.
<br /> It was also urged that the price of Series i -14 , G , M-1 , N be brought up to 100 flat and
<br /> this was also authorized , on motion of Councilman Jones , seconded by Councilman McNulty .
<br /> Upon recommendation of the Planning Commission that the following changes be allowed , on
<br /> motion of Councilman Fletcher , seconded by Councilman Christensen , divisions of lots
<br /> were authorized as shown below :
<br /> George Schroeder to make two lots out of Lot 17 , Block 3 , Oak Knoll Manor , at the
<br /> corner of Hopkins and Hiliview Avenues .
<br /> Redwood Highlands Company , to divide Lot 2 , Block 5 , Oak Knoll Manor , into two lots ,
<br /> each with a frontage of at least 66 feet .
<br /> Lauretta S. Paulsen , to divide in half an irregular parcel between Lexington Avenue
<br /> and Avenue del Ora, being a portion of Block 6 , Eagle Hill Addition.
<br /> The Planning Commission also recommended the consideration of the extension of Stambaugh
<br /> Street to Jefferson Avenue , but this matter was laid over until the next meeting.
<br /> In connection with the City Manager ' s idea of placing a tax on the assets of the Water De-
<br /> partment for the purpose of making better and more comparable accounting statements ,
<br /> the City Attorney was of the opinion that this would be poor policy and also questionable
<br /> from a legal standpoint . He intimated that the County might wish also to place the Water
<br /> Department assets on its roll and this , of course , was not desired by the City Manager
<br /> or the Council . The attorney proposed, as a substitute , that the City , in the .name of
<br /> the General Fund, charge the rater Department a franchise for the use of the streets and
<br /> this would eliminate all the difficulties of trying to tax the Water Department resources .
<br /> Upon motion of Councilman Eva , seconded by Councilman Christensen , there was proposed and
<br /> carried , the following resolution authorizing the City Treasurer to transfer money from
<br /> the General Improvement Fund , also known as the Investment Fund , to the General Fund to
<br /> cover advances made by the General Fund in connection with the 1915 Act Refinancing
<br /> activity:
<br /> WHEREAS , it has been necessary to pay out of the General Fund , in con-
<br /> nection with the 1915 Act Bond refinancing , including the proposed $425 ,000
<br /> Municipal Investment Bond Issue of 1935 voted at a special election held in
<br /> the City of Redwood City on the 24th day of September , 1935 , and the
<br /> $350 , 000 General Improvement Fund Bond election held in said City on the
<br /> 7th day of December , 1936 , each for refinancing 1915 Act Bonds , the sum of
<br /> $32 , 3g1 . 99 , detailed as follows :
<br /> Orrick , Palmer and Dahlqu.ist $ 1 , 705 . 51
<br /> for legal services and disbursements
<br /> Stone & Youngberg , for fiscal services 20 ,437. 50
<br /> Miscellaneous :
<br /> Clerical Labor 2 , 452 . 44
<br /> Election and Publication Expense 1 , 321 . 45
<br /> Accrued interest and miscellaneous 6 , 165 . 09
<br /> ?32 , 281 . 99
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