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09 After considerable discussion, it was decided that decision be deferred until further study is made and receipt of Mr. Ives' report. Councilman Dungan suggested that the Finance Com- mittee obtain figures from City Engineer McCandless as soon as available and set about in determining interest rates through a bank loan or bond issue. Mayor Treat instructed the Finance Committee to investigate the matter of truck route costs and financing methods. City Clerk Paulman reported that he will have information on the preliminary estimate of the assessed valuation on August 7, 1956• A suggestion was made that the Road Committee reconvene and be prepared to present more specific esti- mates and answers to questions if possible at the next meeting including economic effects on truckers and people living on truck routes. Mayor Treat directed City Engineer McCandless to find out when the committee is to meet. COMMENTS FROM THE FLOOR: Mr. Baxter (Stonebrook Avenue): Re: Nuisance of Dust How long must we wait for oiling and graveling of roads after being dug for pipe work? City Engineer McCandless was directed to inves- tigate this matter. Mr. George Keith (El Monte): After water mains were put in, holes were left unfilled in front of his property. City Engineer McCandless will also look into this matter. Mrs. Mark Hinton: Commented on purchase of additional acres of land by quarry operators and increas- ing cost of road maintenance. The council acknowledged receipt of the Petition of Re- ferendum dated July 16, 1956, consisting of 28 pages con- taining pertinent affidavits protesting the adoption of Ordinance No. 17. The petition was referred to the city attorney for legal aspects and the city clerk was directed to check the validity of signatures and report back to the council in 10 days. - 2 - Petition of Referendum Council Minutes 7-16-56