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Resolution 01953RESOLUTION NO, 1953. RN YACHT RBOR. 'VERNA'S, reeldents of the City of Alameda interested in yachting and acquatio sports have reenested the Council to proceed with the construction of a yacht harbor in and for the City, said yacht harbor to be municipally owned and operated; and, WHEBEAS, a conservative estimate of the probable net receipts to be derived therefrom show that a municipal yacht harbor would not only pay operating expenses and interest, but would also pay off the capital invest- ment within twenty-five years; and, WHEREAS, it is believed that a considerable portion oT the necessary money nay be obtained from funds appropriated by the "" Emergency Relief Appropriation Act of 1935," and the Whole enterprise entirely financed without imposing any expense whatsoever on the taxpayers of the city; now, therefore, be it RESOLVED that the City Attorney be, and he is hereby, directed to make application to the Yederal Emergency =idministration of Public Works for the maximum grant obtainable for said yacht harbor; end that the Nayer, and other necessary officials be, and they are hereby, anthcrized and directed to ex- ecute said application for and on behalf of the City. ' RESOLVED further that the matter of financing eny balance necessary to enable the construction of said yacht harbor be referred to a joint committee consisting of the City Council and the Board of Public Utilities Commissioners; provided that any plan for fina.neing said balance shall be worked out in such manner that the taxpayers of the City will not be subjected to any pecuniary loss hatsoever. I, the undersigned; hereby certify * * * he foregoing Resolution was duly and regularly introduced and adopted by the Council of the City of Alameda in regular meeting assembled on the 2lst day of May, 1935, by tua following vote, to wit: AYIES: Councilmen Broyles, Eschen, Llorris, Munro and President Roebke, (5). NOES: None, ABGENT: None, IN WITNESS. WHERBOF, I have hereunto set my hand and affixed the official seal of seid City this 22nd day of Nay, 1935. (( SeieL OF THr. CITY))))) OF ALILLEDA. Y * * * nHERNIAN G. BLOOD rh of the City of Alam eda. I hereby certify that the foregoing Resolution is a full, true and correct copy of Resolution No. 1953, "Re Yacht Harbor", - introduced and adopted by the Council of the City of Alameda in regular meeting assembled on the alst day of May, 1935.