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iA+ revenues, etc. and moved adoption, seconded by Councilman Jones and carried on roll call. Mr. Tom Tuite, Jr. entered a formal protest based on the increase in the amount of bonds authorized. Mr. Tuite was of the opinion that the small property owners went along with the original $1,000,000.00, but thought they were not being considered when the amount was increased to $1,250,000.00. Mayor pro tem Royer advised that the matter had been discussed with property owners, the majority of which are in favor of the increase. He also called attention that only the amount of bonds necessary to com- plete the job would be sold. Mr. Tuite stated his main thought was to be sure that the property owners were getting value received. RESOLUTION - CALL FOR BIDS FOR BONDS - FIRST SALE. This Resolution authorizing call for bids for the sale of $500,000.00 to be issued pursuant to Resolution of Intention #1808 adopted on December 20, 1954. RESOLUTION #1895 was offered by Councilman Spillers who moved adoption, seconded by Councilman Stout and carried on roll call. RESOLUTION GRANT VARIANCES LAND DEVELOPMENT COMPANY AT ROOSEVELT AND UPTON STREETS. This series of Resolutions are in accord with the public hearings and the recommendation of the Planning Commission governing the conditions attached to Parking Restrictions, variances, etc. RESOLUTION 1896 - Consenting to the abandonment of certain parking restrictions, Redwood Terrace No. 1 and Redwood Terrace No. 4 (Roosevelt and Upton Streets) was offered by Councilman Britschgi who moved adoption, seconded by Councilman Spillers and carried on roll call. RESOLUTION 1897 - Authorizing City Manager to sign and record Declaration of Re- strictions, was offered by Councilman Herkner who moved adoption, seconded by Council- man Stout and carried on roll call. RESOLUTION 1898 - Granting Variance to Land Development and Investment Company to allow 0' front setback, Lots 4, 5, and 6, Block 9, Redwood Terrace No. 4; 0' side setback Lot 7, Block 10, Redwood Terrace No. 4 and 0' front setback, Lots 6 and 7, Block 10, Redwood Terrace No. 4 was offered by Councilman Spillers who moved adoption, seconded by Councilman Britschgi and carried on roll call. FURTHER CONSIDERATION, LARGE GREAT WESTERN FURNITURE COMPANY SIGN REQUEST. The matter was held over from previous meeting due to the fact that the sign, as requested, is in conflict with the proposed new Sign Ordinance. Meeting was held of the Sign Committee and copy has been furnished members of the Council. Building Inspector Kreiss advised the Great Western Furniture Company should be notified of the present status and he also noted that the item would be considered by the Planning Commission at their meet- ing July 12. Councilman Spillers moved that the matter be held over for one week and that the Furniture Company be notified of the conflict between their application and the proposed Ordinance. Motion seconded by Councilman Stout and carried. CITY MANAGER RE 1955 - TAX RATE. City Manager advised that in his opinion the tax rate of $1.14 will be possible providing several presently unknown factors will result in meeting expectations, namely: (1) Cash on hand as of June 30 4 130,000.00 (2) 1955-56 secured Assessment Roll for Land Imp. 79,870,000.00 (3) 1955-56 Unsecured Assessment Roll for Pers. Prop. 8,158,000.00 (4) 1955-56 Utility Roll submitted by State Board of Equalization 7,000,000.00 The above represent the best estimate possible at this time and should be fairly