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CC 04-07-69 CITY OF CUPERTINO, State of California 10300 Torre Avenue, Cupertino, California Phone: 252-4505 95014 MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL HELD APRIL 7, 1969 IN THE COUNCIL CHAMBERS, CITY HALL, CUPERTINO, CAL. The meeting was called to order at 8:04 p.m. by Mayor Noel, who subsequently led the assemblage in the flag salute. Councilmen present: Beaven, Dempster, Fitzgerald, Stokes, Noel. Also present: City Manager Storm; City Attorney Anderson; City Clerk - Finance Director Ryder; Director of Public Works Yarborough; Senior Planner Laurin; Assistant Planner Eng; Chief Building Inspector Benevich; Director of Parks and Recreation Parham; Recording Secretary Lucie M. Matzley. Councilman Dempster moved, Councilman Stokes seconded and it was passed unanimously to approve the minutes of the March 17, 1969 meeting. Councilman Dempster moved, Councilman Stokes seconded and it was passed unanimously that the minutes of the adjourned regular meeting of March 31, 1969 be approved as printed. City Clerk Ryder advised the City Council that he was in receipt of the following written communications: l. Letter from Mrs. Juanita McLaren asking to be re-appointed as member of the Architecture and Site Control Committee; 2. Letter from John B. Youma,ns asking for re-appointment to this same Committee; 3. Letter from the Superintendent of the Cupertino Union School District requesting that the Mayor declare the week of April 21, 1969 as "Public School Week"; 4. Letter from the representative of the 7-Eleven store on Blaney Avenue asking for authorization to re-locate the pole sign as originally requested; 5. Letter from Peninsula Power T.V., Inc. As this letter was directly related to an item under "Unfinished Business", the Council agreed that the letter be heard in conjunction with the discussion of the listed agenda item. Councilman Dempster moved, Councilman Stokes seconded and it was passed unanimously that the week of April 21, 1969 be designated as "Public School Week". Chief Building Inspector Benevich reported that he had reviewed the location for the 7-Eleven store and had found that the location of the pole, as requested by the City Council, would entail an encroach- ment upon adjacent property not owned by the 7-Eleven corporation. cc-8 call to order flag salute roll call minutes approved approval of minutes written communications proclamation page 2 pole sign location OK'd meeting scheduled Minutes of the City Council April 7, 1969 cc-8 I Wtitten Communications cont'd Councilman Stokes moved that the pole sign be authorized installed as originally requested, i.e. on the southerly portion of the planted area of the site. Councilman Dempster seconded and it was passed unanimously. Mayor Noel recognized Mr. Al Carter, President of the Cupertino Chamber of Commerce, who had asked permission to make a verbal presentation. Mr. Carter suggested that, since the members of the Chamber of Commerce are desirous of meeting with the City Council in joint session to discuss certain matters appropriate to the City and to the Chamber, the Council consider such meeting at its convenience. The members of the City Council agreed that the joint meeting be scheduled for Wednesday, April l6, 1969 at 7:30 p.m. An additional request for oral communication had been received by Dr. Joe Brown who told the Council that his animal clinic had been adjudged a breeding and boarding kennel through Ordinance provisions which required him to pay $lOO in business license fees to the City. It was Dr. Brown's contention that this amount was excessive as his was an animal clinic and not a breeding and boarding kennel. City Attorney Anderson concurred that the animal clinic had been grouped in an Ordinance verbiage which had been taken from another municipality as reference and that, since there are only two veterinary clinics in Cupertino, a review of the Ordinance would be in order. referral Councilman Dempster moved that the matter be referred to the City Attorney to counsel for recommendation on an amendment to the existing Ordinance. Councilman Stokes seconded and it was passed unanimously. planning 3-T¥-69 approved h control B. 399-HC-69 approved 40l-HC-69 approved Report of Commissions A. Planning Commission Planning Commission Chairman Frolich presented the minutes of March 12th and March 24th, 1969. Application 3-TM-69 was briefly discussed; staff voiced no objections. Councilman Dempster moved, Councilman Stokes seconded and it was passed unanimously to approve Application 3-TM-69. Architecture and Site Control Committee H Control Chairman Small presented the minutes of March 26, 1969 and briefly explained each application. Councilman Stokes moved for approval of Application 399-HC-69, Councilman Dempster seconded and it was passed unanimously. Application 40l-HC-69 was unanimously approved upon the motion by Council- man Dempster and the second by Councilman Stokes. ' Minutes of the City Council April 7, 1969 H Control cont'd Councilman Stokes moved for approval of Application 402-HC-69, Coun- cilman Fitzgerald seconded, Councilman Dempster abstained and the motion passed 4 - o. Councilman Stokes moved, Councilman Dempster seconded and it was passed unanimously to approve Application 348-HC-68. cc-8 page 3 402-HC-69 approved 348-HC-68 approved Chairman Small explained the changes from the originally submitted 309-HC-67 application to that presently before this body in connection with approved Application 309-HC-67. Councilman Stokes moved to approve the applic- ation, Councilman Dempster seconded and it was passed unanimously. Councilman Stokes moved that all members of the Architecture and Site Control Committee whose terms expire in April of 1969 be asked to continue in their individual capacities until such time as the City Council has had an opportunity to decide on the matter of re- appointments. Councilman Dempster seconded and it was passed unani- mously. Public Hearings A. Application l-z-69 from the City of Cupertino, for rezoning of property from single-family residential (Rl-lO) zone to General Commercial (CG)zone. (Ordinance No. 432 on first reading) There were no staff comments nor were there any comments from the audience. Councilman Dempster moved to close the public hearing, Councilman Stokes seconded and it was passed unanimously. council request l-z-69 legend p.h. closed Councilman Dempster moved that Ordinance No. 432 be read by title Ord. 432 only and that the Mayor's reading of same constitutes a first reading. first reading Councilman Fitzgerald seconded and it was passed unanimously. B. Application 3-z-69 from Claude T. Lindsay, Inc. for re- zoning of property from single-family Agricultural-Resi- dential l-acre lots (Al-43) to single-family residential 7,500 sq.ft. lots (Rl-7.5) zone. (Ordinance No. 433 on first reading) There were no staff and no audience comments. Councilman Dempster moved to close the pUblic hearing, Councilman Stokes seconded and it was passed unanimously. 3-z-69 legend p.h. closed Councilman Dempster moved that Ordinance No. 433 be read by title Ord. 433 only and that the Mayor's reading of same constitutes a first reading. first reading Councilman Stokes seconded and it was passed unanimously, page 4 4-z-69 legend study requested 25-U-68 appeal Minutes of the City Council April 7, 1969 cc-8 Public Hearings cont'd C. Application 4-z-69 from Russell L. Holcomb for rezoning of property from single-family Residential 10,000 sq. ft. lots (Rl-lO) to Multiple Hi.gh-density Residential 2,200 sq.ft. minimum (R3-2.2) zone. (Ordinance No. 434 on first reading) Mr. Herman Christiansen ¡piresented Russell L. Holcomb on the application. Staff reported that this matter was one of decidi.ng which density would be permitted for that area as the Master Plan called for a lower density than that proposed. Mr. R. D. Koenitzer of 10060 Phar Lap Drive stated that, in his opinion, the density was too high for that portion of the City and that the traffic burden generated by the apartment buildings would be such as to warrant a denial of the application. Councilman Stokes wondered about the density as shown on the Master Plan not only for this a'Pplication but for the entire quadrant. Senior Planner Laurin reported that the Master Plan called for 7.3 to 10 dwelling units per acre. Councilman Stokes voiced his concern about the density created in this quadrant of the City. Mr. Stokes moved to delay the hearing for two weeks and to direct the staff to conduct a study relative to the density of the entire quadrant and to submit the report to the City Council. Mayor Noel seconded. Councilman Stokes elaborated on his motion stating that staff should take a close look at all the undeveloped properties, that which is commercial and that which is residential and what is the density considered for both, indicating that his request was neither an approval nor a denial of the rezoning request now under discussion. Councilman Stokes said that he needed this information before he could make an evaluation of the application and asked that the staff submit a report as to where the City stands in connection with this portion of the City, what densities have been created and what densities are proposed to be created in the future. Councilman Beaven concurred in the request for a report, with a further directive that the report include what is in existence as well as proposed for the adjacent corner of Stevens Creek Boulevard and Stelling Road so that the general use of the land can be discussed at the next meeting. The motion was passed 4 - 0 with Councilman Fitzgerald abstaining. D. Appeal by Gulf Oil Company (applic. 25-U-68) requesting that the City Council reverse the decision of condition l3, imposed by the Planning Commission Resolution No. 619. Mr. Jack Bertnick representing Gulf Oil Company related that the Planning Commission, at its meeting of March 10, 1969, had approved the Use Permit for the application with a condition 13, which was being appealed. I Minutes of the City Council April 7, 1969 25-U-68 appeal cont'd cc-8 page 5 According to Mr. Bertnick, condition 13 made a rear entrance place- ment of lube bay doors mandatory, which condition was being appealed on the following grounds: 1) that the other three service stations in the area, although located in the City of Sunnyvale, all show front lube bay entrances; 2) the rear entrance placement would create a merchandising problem as the traveling motorist would not be aware of the fact that this service station offers lube services; 3) the front of the site does not face a residential but a commercial site; 4) the rear placement would create a loss of man hours and loss of valuable time as station employees would not be able to service the customers as quickly as if the entrances were fronting the site; and 5) the re- quirement would seriously curtail the construction and allowance of necessary parking spaces. Councilman Stokes disagreed with all five points as raised by the applicant stating that 1) just because other gas stations have their lube bay entrances fronting does not necessarily mean that this service station must have the same condition especially with a view toward a more attractive appearance; 2) there would be no merchand- ising problem as the motoring public is fully aware that all service stations have provisions for lubrication; 3) the statement that the site does not abut a residential area is irrelevant to the discussion; 4) that a poss ible loss of valuable time could be precluded by the construction of pedestrian doors from the rear to the front; and 5) if inadequate provisions have been made to meet the parking re- quirements then the service station would need to be larger or designed in such a fashion as to allow the construction of the necessary spaces. Councilman Stokes made mention of a Phillips service station in the area which also has the rear lube bay entrances and is most attractive. Further, that the front lube entrances are only relevant to the extent that they denote that these stations were approved prior to the implementation of higher standards and that none of the applicant's statements would lend any weight to his vote for reversal of the Planning Commission requirement. Councilman Beaven concurred with ~ouncilman Stokes stating that it was agreed that this was a particularly unsightly intersection and that the Planning Commission should be backed in its requirements relative to this application. Councilman Dempster moved to close the public hearing. seconded and it was passed unanimously. Councilman Stokes I p.h. closed Councilman Stokes moved that the appeal be denied. Councilman Dempster seconded and it was passed unanimously. appeal denied page 6 3-u-69 appeaJ- matter deferred to later Ord. 431 second reading Ord. 431 enacted Ord. 429 second reading Ord.429 enacted Minutes of the City Council April 7, 1969 cc-8 Public Hearings cont'd E. Appeal against Application 3-u-69, granting a Use Permit for a 48-unit motel and coffee shop to be constructed near the north- west corner of Stevens Creek Boulevard and Blaney Avenue; sub- mi tted by Mrs. Warner Wandry. Mrs. Wandry stated that some fifty area residents are opposed to the proposal for the motel and coffee shop with conference room facilities. She stated this site was abutting Blaney Avenue and an entrance into Blaney Avenue was undesirable as it was not a street normally used for travelers or the general public; that the site was one block removed from a City park as well as from a school; and, that the noise undoubtedly generated from motel patrons was also highly undesirable. The Councilmen asked if the applicant had been advised of this appeaL City Clerk Ryder was asked to search his records for such notification, if any. Councilman Dempster moved to continue the hearing of this matter to the end of this agenda portion to permit the search of records. Councilman Stokes seconded and it was passed unanimously. Ordinances Items 1., 2. and 3. of the listed agenda had previously been disposed of. 4. Second reading of No. 431: Rezoning from Residential Sing]p.- family 6,000 sq.ft. lots (County Rl-6a) zone to General Commercial (CG) zone Councilman Dempster moved, Councilman Stokes seconded and it was passed unanimously that the Ordinance be read by title only and that the Mayor's reading of same constitutes a second reading. Councilman Dempster moved for enactment, Councilman Stokes seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None 5. Second reading of No. 429: Annexation designated "Bellevue 68-8"; approximately 5.56 acres located on the west side of Palo Vista Road, south of Stevens Creek Boulevard. Councilman Dempster moved, Councilman Stokes seconded and it was passed unanimously that the Ordinance be read by title only and that the Mayor's reading of same consõitutes a second reading. Councilman Dempster moved for enactment, Councilman Stokes seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: . None Absent: None Minutes of the City Council April 7, 1969 Ordinances cont'd 6. Second reading of No. 430: Annexation designated "Maynard 68-7"; approximately l.l2 acres located on the south side of Ricardo and Miramonte Roads. Councilman Dempster moved, Councilman Stokes seconded81d it was passed unanimously that the Ordinance be read by title only and that the Mayor's reading of same constitutes a second reading. Councilman Dempster moved for enactment, Councilman Stokes seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None At this point, City Clerk Ryder advised the Council that he could not confirm or deny having notified the applicant for Application 3-u-69 of the appeal. Councilman Dempster moved to continue the matter for two weeks with the directive that the City Clerk notify the applicant for Application 3-u-69 of the hearing. Councilman Beaven seconded and it was passed unanimously. Resolutions 1. No. 1770: approving payroll for the period ending March 31, 1969 City Treasurer Fitzgerald presented the payroll. Councilman Stokes moved for adoption, Councilman Dempster seconded. Ayes: Councilmen Beaven,Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None cc-8 page 7 Ord. 430 second reading Ord. 430 enacted 3-u-69 continued Res. 1770 adopted 2. No. 1771: approving miscellaneous and general expenditures. Res. 1771 City Treasurer Fitzgerald presented the list of expenditures. Council man Stokes moved for adoption, Councilman Dempster seconded. adopted Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None 3. No. 1772: accepting quitclaim deed and authorization from First Valley Corporation. Councilman Stokes moved for adoption, Councilman Beaven seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None Res. 1772 adopted 4. No. 1773: accepting dedication of real property for roadway Res. 1773 purposes from Lewis J. and Donna Krzich. Councilman Stokes moved for adoption, Councilman Beaven seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None adopted page 8 Res. 1774 adopted Res. 1775 adopted Res. 1776 adopted Res. l777 adopted request for use Minutes of the City Council April 7, 1969 cc-8 Resolutions cont'd 5. No. 1774: accepting dedication of real property for roadway purposes from Maynard R. and Anne G. Brown Councilman Stokes moved for adoption, Councilman Beaven seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None 6. No. 1775: accepting dedication of real property for roadway purposes from Ward Crump and Manuel Marchant. Councilman Stokes moved for adoption, Councilman Beaven seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None 7. No. 1776: approving final plan for the improvement of frontage on Stelling Road, south of Valley Green Drive; authorizing the City Engineer to sign the final plan; and authorizing execution of agreement in connection therewith. Councilman Stokes moved for adoption, Councilman Beaven seconded, Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None 8. No. 1777: authorimg execution of reimbursement agreement by the Mayor and the City Clerk Councilman Stokes moved for adoption, Councilman Beaven seconded. Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None Unfinished Business A. Re~lest by Peninsula T.V. Power, Inc. for use of Cupertino facilities to serve cable television to Sunnyvale. City Attorney Anderson stated that he had prepared Resolution No. 1778 and read the resolution which was relative to the use of existing poles in Cupertino for the carrying of a T.V. cable, and stated that it would be made part of the Use Permit as and when granted. Mr. Daniel Donovan, the attorney for the applicant, stated that a $25.00 per month fee was proposed as reimbursement to the citizens of Cupertino for the use of the power pdæ wi thin the City. Mr. Donovan pointed O\,t that the only precedent to be found was that from a Newport Beach franchisee where cables had been run through a section of that City to serve an ad- joining City. Mr. Donovan stated that the tower would have a height of 38 feet, would not protrude against the skyline and would be screened with trees and vegetation. Minutes of the City Council April 7, 1969 c-8 age 9 Unfinished Business cont'd In view of the fact that there is no precedent as far as the charges for the use of the power poles are concerned and in view of the fact that the poles are really not the property of the City, Councilman Stokes moved for adoption of Resolution No. 1778. Councilman Dempster seconded. Discussion ensued on the underground placement of the cables when re- quested by the City. Attorney Donovan estimated that a total under- ground placement at this time would cost the company some $16,250. Councilman Stokes felt that the entire underground placement of all cables was not of immediate concern as it might take years to effect such placement. It was Mr. Stokes'opinion that the underground place ment, where presently requested, would suffice at this time as this was a matter of expenses as well as of right of way. City Attorney Anderson reported that the Public Utilities Commission had been working on a plan to ultimately place all utility services underground and that individual homeowners would have a choice in deciding whether they would prefer to have the existing overhead power poles removed after having been advised of the amounts assessed them as their share of the underground placement. The motion for adoption of Resolution No. 1778 was passed by the following vote: Ayes: Councilmen Beaven, Dempster, Fitzgerald, Stokes, Noel Noes: None Absent: None Res. 1778 dopted Attorney Donovan asked that, because time was of the essence, his client be allowed to submit the plans to the Architecture and Site Control Committee prior to the submission to the Planning Commission for a Use Permit. Councilman Stokes felt that the members of that Committee could not possibly make an evaluation of the application without prior knowledge of what conditions might be imposed upon the Use Permit by the Planning Commssion. He suggested that the applicant seek the cooperation of the members of the Architecture and Site Contr 1 Committee in trying to persuade the members to hold a special meeting for the discussion of this application prior to the next City Council meeting. H Control Chairman Small, who was in the audience, promised the cooperation of the members of his Committee. New Business Mayor Noel stated that at this point, 9:20 p.m. on the evening of April 7, 1969 his service as Mayor of the City of Cupertino had come to aI1 end. Councilman Noel thanked the members of the City Council, the staff and administration and the citizens of Cupertino for the fine cooperation received during his tenure and made special mention of the many things that had been accomplished during his Mayoralty none of which could have been accomplished without the hard work, intense devotion and utmost loyalty of his fellow Councilmen. With this statement, Councilman Noel declared the nominations for Mayor of the City of Cuper- tino open. nd of mayor's enure page 10 mayor elected vice-mayor elected treasurer re-elected election of vice- treasurer time deposits authorized treasurer manager Minutes of the City CouncD April 7, 1969 cc-8 New Business contVd Councilman Stokes moved that Councilman Dempster be elected Mayor. Council- man Beaven seconded Ayes: Councilmen Beaven, Fitzgerald, StoLes, ¡'oel ?Ioes: None I Abstain: Councilman Dempi, I. ,"r ¡Absent: None Mayor Dempster commended \;ouncl.J:man and immediate past Mayor Noel for his fine service to the City and for his ability of having the Council work las a team no matter how controversial their IndivIdual views on various business matters. He commented that the CouncIl had achieved many things, all of which would have been more difficult without the guiding force of the past Mayor. Mayor Dempster declared nominations for the Vice Mayor in order. Councilman Fitzgerald nominated Councilman Stokes for VIce Mayor, Councilman Noel seconded, Ayes: Councilmen Beaven, Noel" Fi'tzgerald, Dempster Noes: None Abstain: Councilman Stokes Absent: None Councilman Stokes moved, Councilman Noel seconded and it was passed unani- lmously to re-elect Councilman Fitzgerald as City Treasurer, I CouncIlman Stokes moved to elect CouncIlman Beaven as Vice Treasurer. Council- man Noel seconded, The motion was passed 4 - 0 with Councilman Beaven ab- I staining. lB. Award of Time Deposits I City Treasurer Fitzgerald moved that $200,000 be placed on a one-year time deposit at ~ to mature April 8, 1970 and $50,000 at 5'10 to mature June 20, 1969, both with First Valley Bank, Councilman Stokes seconded and it was passed unanimously. Report of Officers A. City Treasurer There was no further report from the Treasurer, B. City Manager City Manager Storm reported on the Council's previous agreement to participate in the study for a Santa Clara County convention center, and recommended that the payment of $252.00 as the City's share be made at this time. expenditure Councilman Stokes moved to authorIze the payment as recommended by the City authorized Manager. Councilman Noel seconded and it was passed unanimously, Minutes of the City Council April 7, 1969 Mr. Storm requested authorization for a loan of $118,000 to the Water Department Maintenance and Operation fund by the General Fund to be repaid as and when the funds to be received from HUD are received. This interim financing is for progress payments on the water tank construction. CC-8 page 11 Councilman Stokes moved for such loan authorization at a 6 1/4% inter- loan est rate, Councilman Fitzgerald seconded and it was passed unanimously. authorized Mr. Storm reported that there was a piece of City owned land on Home- stead Avenue to be sold on which was located an abandoned well con- taining a pump. The City could abandon the pump or sell it for $105.00; he recommended the latter. Councilman Stokes moved to authorize the sale, Councilman Noel seconded and it was passed unanimously. City Manager Storm reported that $1,500.00 had been offered for a piece of land owned by the City for which the City had paid $200 some years ago. This land was to have been used in conjunction with a proposed development at some future time. As there was to be a deve- lopment now he proposed that the 18' x 474' strip be sold at this time. Councilman Fitzgerald moved that the Mayor and the City Clerk be authorized to sign the appropriate documents on behalf at the City. Councilman Noel seconded and the motion was passed 4 - 0, Councilman Stokes abstained, explaining that he was not in agreement with the motion. City Manager Storm also reported on the Blaney Avenue improvement matter as well as on the Bubb Road Improvement Agreement. Council- man Stokes felt that he had not had enough time to study the proposed agreement and moved that the matter be continued until such time as the Capital Improvement Program can be discussed. Councilman Fitz- gerald seconded. Mayor Dempster suggested that the Capital Improvement Program might be discussed during the previously scheduled meeting with the Chamber of Commerce to be held on April 16, 1969. The motion as made by Councilman Stokes passed unanimously. C. City Attorney Attorney Anderson, congratulating Mayor Dempster on his appointment, reported that there are three law suits pen~ing against the City. D. Director of Public Works Director of Public Works Yarborough elaborated on the previously sub- mitted written departmental report. Councilman Stokes queried to what extent the tree planting had been completed in the Oak Knoll sub- division. Chief Building Inspector Benevich reported that some 40% of the trees had been planted but that certain homeowners had de- clined the planting of trees because of planted trees curtailing the views. s~e authorized sale of land authorized matter continued attorney publ.works page 12 matter continued building sidewalk OK'd parks Minutes of the City Coundi i1prii 1. 1969 CC-8 Report of Offioers cont\d Councilman Stokes moved to oontinue this matter to thE: next regularly scheduled meeting to afford the Chief Building Inspector and the Director 10f Publi.O. Works an. opportuni ty to sùbmi t a report as to the extent of the tree plantIng in the Oak Knoll subdivision, I There were no reports from the P1armlc[c Department, i ¡Fo ! Mr. Benevich reported that at the .last Counoil meeting" request had been I' submitted to authorize a sidewalk in front Of. the rest.!lurant on Portal Avenue and Stevens Creek Boulevard to be less than 10'. According to I Chief Building Inspector Benevioh, this reduction in the sidew~;lk width ! had been necessitated by the construction and improvement of Stevens I Creek Boulevard and was not attributable to an error made by the developer; the ultimate sidewalk width t,o be '7', I I Councilman Fitzgerald moved, Counci.lman Beaven seconded and it was ¡passed 4 - 0 with Councilman Stokes abstaining that the reduction be I authorized, I ¡G. Chief Building Inspector Director of Parks and Recreation There was no report from that department" clerk 1 H, City Clerk - Finance Director i I Finance Directot Ryder requested authorization for payment of $19,817.10 I to Pisano Brothers as a progress payment for the water tank, This warrant could not have been pai.d until after the loan had been approved which was ¡ the reason for It not being included in the regular warrant resolution. payment ! Councilman Stokes moved for authorization of the payment, Councilman Noel authorized! seconded and it was passed unanimously, I I Finance Director Ryder poInted out 'that, although the library had not been i built during Mayor Noel's tenure, the bonds had been sold at 4"~ net I interest. The latest Municipal Bond Buyer Index showed a range of from : 5f$ to 5.30%. The bond prooeeds are in time deposIts and earning interest i at the rate of from 5 3/4% to 6% per annum. He saId even thQugh the sale i had been forced by circumstances to be premature the City actually was money ahead by it, Councilman Noel moved for adjournment to the special meeting with the Chamber of Commerce scheduled for 7~30 p.m, on Wednesday, April 16, 1969, Councilman Beaven seconded and it was passed unanimously, Minutes of the City Council April 7, 1969 CC-8 page 13 The meeting was adjourned at 9:45 p.m. J!le.~ City Cler . APPROVED: ATTEST: