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<br />resolution, but no bids therefor were received. It is hereby <br />found that it is in the best interests of the City of Redwood <br />City and Parking District No. 1 that the City acquire said parcel <br />from said Parking District, and it is the intention of the City <br />to complete said acquisition by annual payments, the first of <br />which is provided for herein. <br />SECTION 3. This ordinance shall be effective 30 days after <br />its adoption. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />-2- <br />