CC MIN 1938 - Laserfiche WebLink

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L On motion of Councilman Fletcher , seconded by Councilman McNulty , application of the Veterans ' Welfare Board for cancellation of taxes against property assessed to Sydney B . MacKenzie was denied. A letter from Attorney Norman Menifee notifying the Council that he had a claim in the case of Ruellan vs. City of Redwood City was referred to the City Attorney. Walter Vandervort presented a letter asking permission to change the narking area for the Middlefield Bus from Argaello and Broadway to the Greyhound Bus Station at Brewster Avenue and El Camino Real , including permission to travel over portions of Broadway, Perry Street , Brewster Avenue and El Camino Real required in using the new location. Permission as requested was granted on motion of Councilman Hohn , seconded by Councilman McNulty. A letter from the Redwood City Lions Club , pertaining to the planting of trees along Bayshore Highway was referred to the City Manager. Another letter from the Lions Club urging the extension of Broadway to the Bayshore • Highway was also referred to the City Manager. GAswge A. Merrill in a letter asked if the Council thought it in order to pay the County tax ( $37. 22) on the Valley & Coast Warehouse Company parcel now in escrow. The tax was ordered paid on motion of Councilman Fletcher , seconded by Councilman McCarthy. The Auxiliary of the Peninsula Hospitals made a report on its Hospital Survey. The clerk was asked to acknowledge the report and to express to the members of the Committee the thanks and appreciation of the Councilmen for the effort expended to make such a thorough survey. Councilman Fletcher , seconded by Councilman McCarthy , proposed adoption of the following Resolution: "RESOLUTION WHEREAS the City of Redwood City did , on the 4th day of November , 193g , pursuant to proceedings duly had and taken , sell $97 , 000 trincinal amount of Municipal Improvement Bonds of 193g of the City of Redwood City to the Bankamerica Company and the American Trust Company for par , accrued interest to date of delivery and a premium of $152. The interest on the first $20,000 of said bonds maturing to be on a five ( 5%) per cent . basis and the last $77 , 000 of said bonds maturing to be on a two and one-half ( 20) per cent . interest basis. AND WHEREAS said bonds are dated November 1st , 193g , the principal maturing from November 1st , 1939 yearly to and including 1957 and the interest payable semi-annually on the 1st day of November and the 1st day of May of each year commencing on the 1st day of May , 1939 . NOW 1THEREFORE BE IT RESOLVED by the Council of the City of Redwood City as follows: That the City of Redwood City acknowledges the City ' s responsibility in regard to servicing the above mentioned bonds and agrees out of its general fund to pay the interest falling due on said bonds on May 1st , 1939 and further agrees in fixing the tax levy for the fiscal year of 1939-1940 to include therein a sufficient tax to pay for the servicing of said bonds and interest up to the levying of subsequent tax rates. 473