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Amounts available for investment were made up of three items including ��
<br />basis' 253
<br />Street Parking vii 5 ,053.99 ,
<br />10,
<br />Off Building 581.
<br />Ilemorial
<br />1g City Plan Bonds 1�5;727.6
<br />93030b2.)9
<br />{;.!
<br />r
<br />Mayor Britschgi thought the City might be in an embarrassing position to accept
<br />Le,
<br />offer of one bank, when the other banks had offered bids on only that
<br />oonditional
<br />spec -which
<br />was requested by the Council. Councilman Herkner suggested a substitute for
<br /># I
<br />'
<br />the present motion before them to give the First National Bank the commercial bus-
<br />equal to the amount that we deposited in the frozen accounts for a
<br />iness q r period of.
<br />(
<br />{
<br />one year. The objection to this was 'the expense involved in arranging 'the accqunts.
<br />II'
<br />ebruary
<br />Councilman Jones withdrew his motion with the consent of the second. Councilman Gran-
<br />arried,ested
<br />er then Sugg if in order to place on agenda the conditional offer, inform the
<br />fit, n i
<br />,
<br />[S
<br />other banks and get information from them also on a conditional offer of active
<br />I
<br />ere
<br />stated order would have to be laced within the next two months
<br />account* ilr. Brophy p
<br />tiona
<br />for payroll checks. Councilman Herkner moved payroll account which was about .100,000
<br />;
<br />,: ,,,
<br />:.. ,,",, ;, 4
<br />u;,;I
<br />had
<br />be transferred to the First National Bank within the next month or two for one year,
<br />at the convenience of the City, providing the City draw IN on the 095,000 inactive
<br />fill
<br />;I
<br />eke
<br />account which was on deposit there, seconded by Councilman Jones. Motion carried
<br />Mayor Britsch i voting No. Councilman Herkner complimented the committee for their
<br />l
<br />City
<br />work and stated the City would get more for„ their money.. Councilman Royer moved
<br />I time
<br />that the Bank of America be notified (and other banks) that the City is. interested
<br />at on
<br />in having the 1_i6 as offered by the First National Bank, seconded by Councilman.
<br />,
<br />lays
<br />Spillers and carried.
<br />Iual
<br />CCJI,IITPE REPORT - ADVERTISING ON PARKING Iti2ETERS, COUNCILMAN SPILLERS. A meeting had' been
<br />{ y
<br />held this evening and Councilman Spillers moved that this be referred to the Planning
<br />It �11')1 ;'
<br />Commission with the intent that they hold public hearing in order to, give the
<br />; P l
<br />('`
<br />ioticemerchants
<br />an opportunity to indicate whether or not they want the ads, seconded by
<br />, ' 7 t
<br />Councilman Jones. Motion carried..
<br />f,t { IIS
<br />; ' , i f
<br />iasis
<br />PROPOSED AGREE1,ii BETLMEN CITY AND SCHOOL DISTRICT, COU11CILI,IAN ROYER. Two, or three
<br />;i i
<br />l i'! '
<br />ii,,
<br />I, (,{i
<br />meetings had been held in regard to a tentative agreement with Mr. Spinas. As
<br />there were 13 or 14 items it was suggested that they be taken up at a study meeting.
<br />lit
<br />basis,{
<br />COxiISITPEE REPORT -ALL. BIGHT PARKING COUNCILMAN ROYER., Committee disagreed on one item
<br />f .
<br />'
<br />0
<br />'ith-
<br />but Council was in accourd as far as the downtown area was concerned in that there
<br />f
<br />1L.
<br />should be no control in the R-1 Dis trict. If everyone was in accord with this
<br />11 i;' I
<br />II t
<br />her,
<br />Councilman Royer would withdraw his objections and move that City Attorney prepare
<br />,
<br />i ) (
<br />j'
<br />s
<br />rough draft on ordinance along this line no trucks to park in residential area,
<br />;;
<br />4
<br />j
<br />pro-
<br />Which would be considered at a stud meeting, seconded by Councilman Spillers.
<br />y
<br />f i'� 9, ! '" i
<br />dto
<br />1,10tion carried.
<br />if
<br />nt
<br />rAL ESTATE 00141-lf TTEE REPORT RE OFFER TO PURCHASE LOTS 1, 2, 3 BLOCK 1, RESUBDIVISIOIT
<br />,.I.
<br />i '`
<br />City
<br />OP LOT 46 REESE TRACT, COUNCILMAN HERKNER. This was on Redwood Revenue near Sierra.
<br />it
<br />as
<br />Etr, J• 0 purchase these for ;400 each and
<br />nesada, 1406 Redwood Avenue had offered top
<br />,,f
<br />� I
<br />f
<br />this had been referred to the committee. Councilman Herltner moved that lots be
<br />Spillers
<br />advertised for sale at aminimum of 5$500 each, seconded by Councilman p
<br />Xt
<br />4
<br />Ij'; 1 D •.0
<br />and carried.
<br />surer
<br />P�%ERDISCUSSION ABATL'IdEIdT PROCEEDINGS 2081 to 2093 BROAD'"IAY, A. G. PRANK PROPERTY,
<br />Yfl`Jj`' {II�
<br />otal
<br />and 2071 to 2075 Broadway, J. C. ItilcCormic propety. Attorney Harold Andersonif
<br />a
<br />p -d y
<br />representing A. G. Frank submitted letter requesting that this be continued fora
<br />is ` I ;lei
<br />;,
<br />
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