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87 In Re Reso. No. 2953 Accepting Option of M.H. Whittier Company,Ltd. In Re Reso. No~ Z954 AUthorizing Execution of Option-M.H.~tler Company. If possession is needed prior to Augua~ 1st and amount equivalent to $25.00 per day for the unexpired time shall be deducted from the $6700.00; any salvage on the crop harves- ted shall be divided equally between the City and Whittier Company. If possession is not required until after August 1st the tenant.shall Deceive $25.00 per day in addition to the $6700.00 for such time, less any amount obtained through salvage or harvest of the crop. The option also provided that if the Government leased the property for less than five years the unexpired proportion of Whittier Company's share of the tenant's pay-off must be paid by the City to Whittier Company. The lease from Whittier Company was to cover the entire acreage plus the two existing wells with its machinery and equipment. The present improvements are to b$ removed by the Whittier Company at its expense. Any buildings and improvements placed on the property by the City.or the Government are to be removed within ninety days after the expiration of the leasing terms. Trustee Smith expressed his objections as follows: Objected to the City renting the property for $15.50 per acre or paying any other sum whatsoever; also objected to binding the City for a twenty-five year period in the face of its inability to obtain such an amount through taxation or otherwise; also ~Je~ to the City assuming the taxes estimated at $4.4~/~5~ ~ ~$riod of twenty-£ive years; objected to assuming any taxes whatsoever in connection with the property; objected to the payment of any damage or ~onus to the tenant on the property in order to obtain immediate possession; objected to the City becoming obligated for a period of twenty-five years for the rental of this property; objected to the price and the option to purchase of $500.00 per acre; objected to the lease itself and the lease general] Discussion was l~en had as to the leasing of other property and Trustee Kelsey and Attorney Tobias stated that the pro- perry in question was the only property which would be con- sidered by the Government officials and that the best posSi- ble deal was obtained from Whittier Company by its option already explained; that attempts had been made to secure other property which would ~eet with the approval of the Government and that attempts had been made to decrease the rentals and obligations under the Whittier Company lease but both had proved futile. Trustee Kelsey objected to Trustee Smith referring to the lease for a twenty-five year period and stated that it was merely a lease for one year with the privilege of renewing from year to year for a period of twenty-five years; also stating that the City is not obligating itself to pay the taxes for twenty-five years but only in the event that the lease ie renewed year after year for a total of twenty-five years. Trustee Yost a~d Trustee Hill both expressed their opinions that the option tendered by Whittier Company and the o ity afforded the City to deal with the Government in this project would prove highly beneficial to the City and the public generally. Mr. F. A. Jones, rApresen$ing the Santa And Chamber of Com- merce, gave an expression of the organization he represented and of the business men generally, ~hat the Council should enter into the negotiations with both the Whittier Company and the Government as had been explained. On motion of Trustee Yost, seconded by Hill and carried, the following Resolution entitled: "R~solution Accepting Option of M. H. Whittier Company, Ltd. and Authorizing Payment of Consideration" was read, considered, designated Resolution No. 2953 end passed by.~he following vote: Ayes, Trustees Herbert L. Hill, Joseph P. 6mith, E. D. Yost D. W. Kelsey, Plummet W. Brune. Noes, Trusteee None. Absent/ Trustees None. On motion of Trustee Yost, seconded by Hill and carried, the following Resolution entitled: "Resolution Authorizing Execution Of Option"