BOOK 25_1955-08-01 to 1955-11-28 (missing 1954-02-15 to 1955-08-01)

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462. ' •Money to be loaned by -the Water Department and repaid by a one -cent levy of Capital Tax for a six year period, thus saving the interest charge if a lease-pur - chase contract were negotiated. Councilman Granger stated that the Council had asked for this report at their last meeting. He then moved that the proper authorities be authorized to accept the deed and proceed with the purchasing of the property, the money to come from the Capital Fund, seconded by Councilman Jones. Councilman Stout clarified his position of last week. He stated that lie voted no because at that time it appeared that the money might not be available and he was interested in knowing how anyone could use the building with the trains going by. He thought that the Council should have purchased the church property before when they had the opportunity, and he is of the opinion that the Council should keep in mind the possibility of possibly purchasing the Post Office property and the doctor's offices across the street. He read a portion of the minutes of November 151 1954, regarding the lack of availability of money to purchase the church property. Councilman Granger stated his opinion that the City needed additional property to take care of future expansion. Councilman Jones stated that if the Council passed up this opportunity now, in ten years they would be critized for not expanding when the opportunity presented itself. This is definitely a part of a forward program and if necessary the building could be rented until such time as the city is ready to,make use of the property. Motion carried on roll call, Councilman Britschgi and Spillers being noted absent. Councilman Stout stated that he was voting yes because he is looking forward to future expansion. FURTHER REPORT OF CINNABAR COMMITTEE. Councilman Granger stated that they had made progress but not to the extent that they could recommend which bid to accept. He stated that a thorough survey must be made and the boundaries set before any action can be taken by the Council. He stated that he, as chairman of the comm- i.ttee, had received a letter from A. F. Oddstad, Jr., in regards to a small amount of cinnabar which had been inadvertently removed from property owned by the City of Redwood City adjacent to the Farm Hills subdivision. Councilman Granger asked that the letter be made a part of the record. "Dear Mr. Granger: It has come to my attention that a small amount of cinnabar has been inadvertently removed by us from property owned by the City of Red- wood City adjacent to our Farm Hill subdivision. On the basis of the letter from Francis H. Frederick, which is being forwarded to your under separate cover, and surveys made by our personnel at the Farm Hill Mine, I believe that approximately twenty tons of market- able ore were accidentally removed from your property during the course of our mining operation, and thereafter processed. The ore has been accurately estimated to contain between eight and fifteen pounds of mercury per ton, having a sales value, after processings of slightly less than 640.00 per ton. The cost of mining, processing and processing and marketing the ore represents a total of about $27.00 per ton, therby indicating a profit of approximately $13.00 per ton. Assuming such profit on the 20 tons of ore removed, it would appear that the City is entitled to receive $260.00 from me. Because of the difficulty in ascertaining the precise amount of ore which was removed from City property, the undersigned is willing to make a payment of 5500.00 to the City at this time, in full settle- ment for all ore allegedly removed .from City property prior to this date. I am making this offer in a spirit of compromise, as I feel the amount thereof substantially.exceeds the net value of the ore so extracted and sold. Enclosed find my check for $500.00 which is being tendered to you in full and complete satisfaction of all claims and damages arising out - of or resulting from the removal of such ores. Ver;truly yours A. F. Oddstad, Jr.11