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HomeMy WebLinkAbout12261968-cc_CCv0001.pdf at 8s0 0 A.M. Waldo F. Burroughs, Mayor Norman N. Martinez, Councilman Tack B . Cummings , Councilman Charles G. DeMir.j yn, Councilman Ralph P. Merritt, d'r. , City Manager Edward F. Taylor, City Attorney Peggy A. Moseley, City Clerk Malcolm Schwartz, Redlands Daily facts Chuck Pa.l.mQx, San. Bernardino Sun Chresten M. Knudsen, Councilman This special meeting of the Council was called for December 26, 1968 at 8; 00 A.M. for the purpose of considering the following three items of business: 1 . Bear Valley Development Company stock sale proposal 2. Pepper Park 3 . Removal of abandoned orange droves Bear Valle __ Devel2Lmelrjt Comp Stack Sale Pro oral City Attorney Taylor stated that he had studied the proposal of they Bear Val-ley Development Company and found the papers in order. Di.rector of Public Works Shone explained the staff concern relative to long-range cost of water to the City of Redlands . Attorney games Edwards described a resolution of the Bear Valley Board of; Directors relating to the expenditure of $60, 000 for water prior to removing water, from the lake and stated that this policy had been in effect for several years . lie also stated that the water company had not entered into any agreements relative to this sale. Following Council discussion of many aspects of the sale, including the necessity of investment of substantially all of the funds received as a hedge against devaluation of the income from the sale of property, Coun- cilman DeMirjyn moved to approve the sale of stock and authorize the Mayor and City Clerk to execute the agreement in behalf of the City of Redlands . Motion seconded by Councilman Martinez and carried by the fol.- lowing roll, call vote: AYES : Councilmen Martinez;, Cummings , DeMir;yn, Mayor Burroughs NOES: None ABSENT; Councilman Knudsen Pe . er Park. to Schools City Attorney Taylor presented a Grant Deed from the City to the Redlands Unified School District of the property known as Pepper Parr "to be used. substantially for pare purposes . " This transfer of property was authorized on motion of Councilman DeM .rjyn seconded by Councilman Cummings, with the Mayor and Casty Clerk authorized";, to execute the document in behalf of the City. ra r ,- 7\ a a r, U11 ItIUL.-LU11, L-IItL! k-UUIIU-L-L CtUjUU1IIt:.-U CIL a: -LJ ti I'L IE Next regular meeting, January 7, 1969. ;IATTEST: Mayor of the City of Redla -I- Le Y, Jerk 0-0-0-0-0-0-0-0-0-0