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

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i "THIS AGREEMENT made this day of 1 b and 1 between the Cit of Redwood Cit gate y City y, a municipal corporation of the State of California (hereinafter called the "City"), party of the first part, and Stone & Youngberg, a partnership (hereinafter called the "Partnership"), party of the second part, and District Reorganization Service Co., a California cor- poration (hereinafter called the "Corporation"), party of the third part, W I T N E S S E T H WHEREAS, the -parties heretofore made and entered into an agreement as of the 14th day of December, 1936; and WHEREAS, it is desirable to modify said agreement, NOW, THEREFORE, IT IS HEREBY MUTUALLY AGREED by and between the parties hereto as follows: 1.. - That paragraph 2 of said agreement is hereby amended to read as follows; 12. The-Olty agrees to pay to the Partnership from _the General Fund of the City of Redwoocl.City, as payment in full for services rendered by .said Partnership in con- nection with the First Plan of Refinancing the sum of eleven thousand,(11,000) dollars-, whereof $5,000 has heretofore been paid to the Partnership.(the receipt whereof is hereby acknowledged), and the balance, to -wit the sum of $6,000 shall be payable forthwith.' 2. - In all other respects said.agreement of December 14, 1936 is hereby ratified, confirmed and approved. IN WITNESS WHEREOF, the parties hereto have cause these presents to be executed as of the day and date first above written. CITY OF REDWOOD CITY 0 Mayor of the City of Redwood City By , Acting City Manager DISTRICT REORGANIZATION SERVICE CO. By Approved the day of January, 1937, City Attorney of Redwood City. " BE IT FURTHER RESOLVED that the proper officers of the City of Redwood City be, and they are hereby, authorized and directed to execute and deliver an amendatory agreement in substantially the form hereinabove set forth. BE IT FURTHER RESOLVED that the Treasurer of the City of Redwood City be, and he is hereby, authorized and directed to pay to Stone & Youngberg the sum of six thousand (6,000) dollars from the General Fund of the,City of Redwood City. Following the adoption of the resolution, a letter was presented from Stone & Youngberg indi- cating the willingness of that firm to cancel the award to them of the $350,000 bond issue and requesting the return of their check in the sum of $1,000. The letter was ordered filed, after which Councilman Eva, seconded by Councilman Christensen, proposed the adoption of the following resolution cancelling the sale of the $350,000 principal amount of General Improvement Fund Bonds of 1937 to Stone & Youngberg, and upon roll call, the resolution was unanimously adopted.