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359 delivered by said Title Company to the Redwood City Harbor Company upon receipt of a deed to the City of Redwood City of the following property free and clear of all encumbrances , to-wit : "Lots numbered seven ( 7 ) and eight ( g ) as shown on that certain map entitled "Map of certain Lands Belonging to Redwood City Harbor Company in San Mateo County , Calif . " filed in the office of the County Recorder of San Mateo County September 23 , 1921 in Book 10 of Maps at pages 45 and 46. "EXCEPTING THEREFROM so much thereof , as conveyed by Redwood City Harbor Company , a corporation , to Southern Pacific Railroad Company , a corporation , by Deed recorded May g , 1924 in Book 117 of Official Records at page 62 thereof , said property so conveyed being the Northwesterly and Northerly 48 . 5 feet of that certain strip of land g0 feet in width as shown on said map . " On motion of Councilman Fletcher , seconded by Councilman Jones , and carried, the pres- ent committee , consisting of Mayor McCarthy and Henry Beeger , was instructed, with the cooperation of City Attorney Mansfield , to secure , if possible , the Coast and Valley Warehouse Company ' s ten-acre tract on the Harbor front upon a contract to purchase the same by paying $750 or $1 , 000 upon the execution of said contract ; the further sum of $7 , 500 on the first day of July , 1935 , and the balance on the first day of July , 1939 , the total purchase price being $1 , 500 an acre for said ten acres of land . On motion of Councilman Fletcher , seconded by Councilman Christensen , and carried , the committee , with the cooperation of the City Attorney , was requested to secure leases , extending for a five-year period with a privilege of a five-year exten- sion upon the basis of a yearly rental of 4% on an estimated value of $1 , 500 an acre , plus city and county taxes , upon the balance of the property lying between the Bubblestone property and the Redwood City Yacht Harbor lands and Redwood Creek and the Southern Pacific Railroad Company; said leases also to contain an option permitting the City to purchase the various parcels included within said leases during the term, or any extension thereof , for the sum of $1 , 500 per acre . The departmental reports were ordered filed. The approved claims were ordered paid on motion of Councilman McNulty , seconded by Councilman Hohn. Ad,j ournment E=b . r ) City Clerk BEM: HAS