|
recommended that the City have a festival celebrating the opening of the Harbor, but
<br />no suggestion was made as to the amount of any contributions of money. It was under-
<br />stood that the advertising should be in cooperation with the Chamber of Commerce.
<br />Councilman Eva presented a letter from Stone & Youngberg in which Mr. Youngberg requested
<br />I
<br />i that the Council authorize the payment of $25.00 to Miss Agnes Brown as extra payment
<br />s
<br />ii
<br />in the purchase of a $500, 1915 Act Bond from her. On motion of Councilman Eva,
<br />seconded by Councilman McNulty, the payment was authorized.
<br />It was also urged that the -price of Series I-14, G, M-1, N be brought up to 100 flat and
<br />this was also authorized, on motion of Councilman Jones, seconded by Councilman McNulty.
<br />Upon recommendation of the Planning Commission that the following changes be allowed, on
<br />motion of Councilman Fletcher, seconded by Councilman Christensen, divisions of lots
<br />were authorized as shown below:
<br />George Schroeder to make two lots out of Lot 17, Block 3, Oak Knoll Manor, at the
<br />corner of Hopkins and Hillview Avenues.
<br />Redwood Highlands Company, to divide Lot 2, Block 5, Oak Knoll Manor, into two lots,
<br />each with a frontage of at least 66 feet.
<br />Lauretta S. Paulsen, to divide in half an irregular parcel between Lexington Avenue
<br />and Avenue del Ora, being a portion of Block 6, Eagle Hill Addition.
<br />The Planning Commission also recommended the consideration of the extension of Stambaugh
<br />Street to Jefferson Avenue, but this matter was laid over until the next meeting.
<br />In connection with the City Manager's idea of placing a tax on the assets of the Water De-
<br />partment for the purpose of making better and more comparable accounting statements,
<br />the City Attorney was of the opinion that this would be poor policy and also questionable
<br />from a legal. standpoint. He intimated that the County might wish also to place the Water
<br />Department assets on its roll and this, of course, was not desired by the City Manager
<br />or the Council. The attorney proposed, as a substitute, that the City, in the .name of
<br />the General Fund, charge the Water Department a franchise for the use of the streets and
<br />this would eliminate all the difficulties of trying to tax the Water Department resourbes.
<br />Upon motion of Councilman Eva, seconded by Councilman Christensen, there was proposed and
<br />carried, the following resolution authorizing the City Treasurer to transfer money from
<br />the General Improvement Fund, also known as the Investment Fund, to the General Fund to
<br />cover advances made by the General Fund in connection with the 1915 Act Refinancing
<br />activity:
<br />WHEREAS, it has been necessary to pay out of the General Fund, in con-
<br />nection with the 1915 Act Bond refinancing, including the proposed $425,000
<br />Municipal Investment Bond Issue of 1935 voted at a special election held in
<br />the City of Redwood City on the 24th day of September, 1935, and the
<br />$350,000 General Improvement Fund Bond election held in said City on the
<br />7th day of December, 1936, each for refinancing 1915 Act Bonds, the sum of
<br />$32,381.99, detailed as follows:
<br />1 Orrick, Palmer and Dahlquist $ 1,705.51
<br />for legal services and disbursements
<br />Stone & Youngberg, for fiscal services 200437.50
<br />Miscellaneous:
<br />Clerical Labor 2,452.44
<br />Election and Publication Expense 1,321.45
<br />ppp Accrued interest and miscellaneous 6.'i65.09
<br />$32,261.99
<br />i
<br />28
<br />
|