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320 <br /> Councilman Eva for the 1915 Act Committee submitted 21 resolutions accepting <br /> Quit Claim Deeds from property owners and asked that these resolutions be <br /> passed that the City might have legal title to the property. Accordingly, <br /> on motion of Councilman Eva , seconded by Councilman Fletcher , the 21 <br /> resolutions were unanimously passed. <br /> Councilman Eva also spoke about disposition of the lots after the City has title <br /> and asked wh9t policy the Council wished to set up in connection therewith. <br /> he was told to furnish a list of the property to the realtors who had <br /> helped the committee appraise the property affected by the 1915 Act de- <br /> linquencies . It was also decided to have the list published and to get <br /> informal tenders wherever possible with the sale being made to the highest <br /> bidder . <br /> Councilman Fletcher , seconded by Councilman Christensen , proposed that the Re- <br /> creation Department be authorized to donate a trophy and medals in connection <br /> with its athletic contests . Carried . <br /> There wr:s some discussion concerning the McCarthy property facing Harrison Street <br /> between Clinton and Duane. As the regular set-back along this street <br /> would make an building impracticable , and as the owner suggested that he be <br /> allowed to establish a set-back of 10 feet , 8 feet , and 6 feet , from Clinton <br /> to Duane Street , the matter was referred to the Planning Commission . <br /> Councilman Christensen , seconded by Councilman Fletcher proposed the adoption of <br /> resolution authorizing the Treasurer to enter into an agreement with the <br /> Bank of America respecting the City funds deposited with the bank in both <br /> active and inactive accounts . Carried . <br /> As the bank pays only 1 per cent on inactive , and under new legislation no in- <br /> terest at all on the active fund, it was thought desirable , if possible , to <br /> invest up to the amount of the Revolving Fund , surplus funds in Redwood City <br /> municipal bonds on at least a 1-3/4 per cent basis , and the City Treasurer <br /> was instructed to pick up any short maturity Redwood City bonds available. <br /> The department reports were ordered filed . <br /> The approved claims were ordered paid on motion of Councilman McNulty andCouncilman <br /> Fletcher. <br /> Adjournment <br /> • & % II <br /> BEM:mps Pr <br /> City • erk <br />