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

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ii delivered by said Title Company to the Redwood City Harbor Company upon receipt N 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 (8) 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 145 and 146. "EXCEPTING THEREfi'ROM so much thereof, as conveyed by Redwood City Harbor Company, a corporation, to Southern Pacific Railroad Company, a corporation, by Deed recorded May 8, 19214 in Book 117 of Official Records at page 62 thereof, said property so conveyed being the Northwesterly and Northerly 148.5 feet of that certain strip of land 80 feet in width as shown on said map-" On motion of Councilman Pletcher, 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, 1938, 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 14% 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. Adjournment. City Clerk BEM: HAS