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1q1HW:EAW-S:rs 12/14/5 '10c. RESOLUTION NO. '11 , 608 OF INTENTION TO FORP'l PARKING DISTRICT IN THE CITY OF REDWOOD CITY AND TO ISSUE BONDS TO PAY THE COSTS AND.EXPENSES THEREOF PARKING DISTRICT NO. 1 RESOLVED, by the City Council of the City of Redwood City, .Jalifornia, that WHEREAS , a verified petition for the forination of Parkin.- District No. 1 of the City of Redwood City, signed by the owners of .-real property in the proposed district., as shown by the last equal- .ized assessment roll used by the City for purposes of City taxation.,, owning real property of an assessed value of not less than 35 o of the total assessed value of all taxable real property in the dis- trict,, as shown by said assessment roll., has been filed in the office of the City Clerk; WHEREAS, the City Clerk has examined said petition and has certified to this Council that said petition is signed by the re- quisite nuiiber of qualified signers; WHEREAS, on the - day of 4'4-1__ /_3 i t - ,, 1' 195 this Council adopted Resolution No. of Approval and Agreement to Ter , Nis of Petition for the Formation of Parking District No. 1, and Directing Preparation of Report., w1lerein said Council approved said petition, found that said petition had been signed by the requisite nuj-iiber of qualified signeriz., agreed to allocate and pledge that portion of the net revenues of on-street parkin,. meters proposed to be allocated and pledEed in said petition,, and deter- rfiined that the public interest., convenience and necessity require that parkinr,:- iiieters be continued to be maintained as proposed in said, petition., and directed the preparation ,of a report, as requir- ed by Section 35257 of the Streets and Highways Code, part of the Parlkin(- District Law of 19 51;