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• C : ek :5/9/6 0 -7 -4 RESOLUTION NO. 3"7f RESOLUTION APPROVING AND AUTHORIZING AGREEMENT FOR ACQUISITION OF REAL PROPERTY OWNED BY PACIFIC GAS & ELECTRIC COMPANY FOR PARKING LOT AND OTHER MUNICIPAL PURPOSES, AND FOR RELOCATION OF OVERHEAD WIRES AND OTHER INCIDENTAL UTILITY FACILITIES WHEREAS, the public interest requires the acquisition by the City of Redwood City of certain real property presently owned by the Pacific Gas & Electric Company on the southerly side of Marshall Street between Jefferson Avenue and Main Street for the purpose of constructing a public parking lot thereon and for other municipal purposes; and, WHEREAS, the Pacific Gas & Electric Company has submitted an offer and proposed agreement to the City of Redwood City which agreement provides for the sale of said property by Pacific Gas & Electric Company and the purchase thereof by the City of Redwood City for a total price of Forty -one Thousand Seven Hundred Fifty Dollars ($41,750); and, WHEREAS, it is necessary and desirable that certain existing electrical facilities consisting of overhead wires and appurtenant facilities presently existing upon said property be relocated on said real property and on adjacent lands; and, WHEREAS, the abovementioned agreement provides for the performance of said relocation work by the Pacific Gas & Electric Company and reimbursement by the City to the Company of the actual cost of such relocation which actual cost is estimated to be Two Thousand Four Hundred Dollars ($2,400); and WHEREAS, the abovementioned agreement has been presented to and reviewed by this Council; NOW, THEREFORE; BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: 1. That the abovementioned agreement providing for the acquisition by the City of Redwood City of the hereinafter