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• <br /> ballot for the next general municipal election, <br /> April 12, 1960; and, <br /> (b) The balance of said revenues, to wit: <br /> fifteen percent (15%) thereof, for such additional <br /> capital improvements and expenditures as the Council <br /> may determine. <br /> SECTION 3. This resolution constitutes a statement of <br /> intention and desire of the present Council of the City of <br /> Redwood City and shall not constitute or be construed to be <br /> an allocation, pledge, or appropriation of future revenues. <br /> * * * <br /> - 3 - <br />