BOOK 17_1933-01-03 to 1938-12-29

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61 Councilman McCarthy, seconded by Councilman Fletcher, moved the adoption of Ordinance No. 3591 amending Ordinance No. 251, regulating location of businesses and establishing zones in Redwood City. Carried. See Ordinance Book for copy. Councilman Eva, seconded by Councilman Christensen, proposed the adoption of Ordinance No- 360 regulating the construction and use of garages, out buildings and tents in Redwood City. Carried. See Ordinance Book for copy. Edwin DeSmith, of 153 Jeter Street, presented to the Council a petition requesting that the name of Jeter Street be changed, indicating that perhaps "Joaquin", "Juanita" or"Jonquil Terrace" might be suitable. On notion of Councilman McCarthy, seconded by Councilman Eva, the petition was referred to the Planning Commission. There was read a letter from the League of California Municipalities in which was stressed the desirability of having as many municipalities as possible join in engaging the services of some valuation expert to represent the cities at the meeting of the Board of Equalization in August. The latter requested $50.00 as the share Redwood City should pay. There was some diversity of opinion as to the desirability of paying the money, but on motion of Councilman McCarthy, seconded by Councilman Jones, it was decided to appropriate this $50.00 for the purpose. Councilmen Christensen and Fletcher voting "No". At this time further consideration was had of the 1915 Bond situation, Mr. J. C. Youngberg addressing the Council. Councilman Eva proposed, seconded by Councilman Christensen, the adoption of resolution to enter into a contract with Stone & Youngberg to supervise the preparations for a municipal bond election for the purposeof issuing Municipal bonds and out- lining certain stipulations governing the relationship of Stone & Youngberg with the City. Following the passage of the resolution, Councilman McCarthy, seconded by Councilman Eva, pro- posed the adoption of resolution under which the Council would engage a fiscal agent to assemble and purchase for the account of the City all outstanding special assessment obligations at tle lowest possible price. Carried unanimously. In order to start the proceedings leading up to a bond election, Councilman Christensen, seconded by Councilman McCarthy, proposed the adoption of the following resolution declaring that the public interest and necessity demand the acquisition of a municipal investment bond fund for the purchase of various securities or evidences of debt, either of the City itself, or districts therein. BE IT RESOLVED by the Council of Redwood City as follows: That the public interest and necessity demand the acqui- sition of the following municipal improvement of said city, to wit: A municipal investment bond fund to be used for the purchase of municipal securities or evidences of debt either of said City of Redwood City or of boroughs or districts t4erein; including municipal bonds of said city, bonds of boroughs or districts there- in or any bonds or liens arising out of the construction or ac- quiring of public improvements by local assessment within said municipality; That said municipal improvement is necessary and con- venient to carry out the objects, purposes and powers of said city, and that the cost of said municipal improvement is and will be too great to be paid out of the ordinary annual income and revenue of said city. PASSED AND ADOPTED this 22d day of Jam, 1935, by the following vote: Ayes: Councilmen: L. C. Christensen, J. M. Eva, E. A. Fletcher, R. N. Jones, P.A. McCarthy, C. G. Lambert 1-1 1 ,W A