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Home My Public Portal About1299 (04-15-41) RE80LUTION IQO. 1P99 ?_ESOLUTIOP? OF THE GITY COUNGIL OF THE GITY OF LYnt1�'OOD OFFERING TO PURCHASE CERTAIN PROPERiY DEEDED�TO THE STATE� UAiDER THE PROVISIONS OF SECTIONS 3771 TO 3841,�INCLUSIVE; OF THE REVENUE AND TASCATIOlV CODE. : .; Be it resolved by the City Council of the City of Lyn- �•+ood as follows: l. That tfie City of Lynr.00d does hereby offer to pur- chase from the County of Los Angeles, with the consent of the 9ta"te Controlle"r, the tax�deeded properties specifica.11y des- cribed in the attached agreement, under the terms and condi- tions contained tnerein, w'r.ich a.greement, by tnis reference is hereby incorporated into and in its entirety made a part of this resolution. 2, That the said attached agreement and the conditiona and terms thereof are hereby anproved and the Niayor znd the Clerk of the Gity of Lyns�rood are hereby authorized and direct- ed to er.ecute said agreement for and in behalf of tne Cit� of Lynv�rood. APPROVED AND P.DOPTED this ��.day of l �p r �, , 1941. � , i} . �' i E OF 'AOOD -� _ . - .. _ . . - P�PT�ST: �GITY '"LE� {� CITY 0 ' .L�PIrlOOD/ �l _ - � � ... . ; . . ., , . STATE OF; Gn :.TFOF.N*.A . ), . . ,� COUNTY OF LG3 n1Q!��E.°.: ss.. , , .,. CITY, OF LYi'�`vOUD. '. ) . . . „ � , � 'I, :the ,undersigned��City Clerk of th'e City� of � Lyiivrood, do hereby -certify� tYu�t the above and fore�oing . � Re�olutior, was dizly .adopted, oy the City Council ,of said' , , � � City at a - '- - - - regular ;meeting thereof held in . • - the�City Aa11. of eaid City,;on the 15th ` day of: ' '• " : , , ., •. , Aaril� ,'1941 , And pas�e.d by the •follo�uing vote: ' _ � ,.. AYES: COUNCILPIENi Christensen, Zimmerman; , ., �, , .. . . � r �.4 d�Iee Ivieyer. . . . : . . . • . - NO�S: . COliNCIL'sviAN: None. _ , . .�� , ,`ABSEIdT: COUnrCILi�!:E?1: Lake: . • . �.._ ... , .. . . . . , , _..' , . . ' � . . ., , . : . , . .✓ .. .` ,, • ' . �.,¢9rr, _//'. , CI'�Y �LER Z T� OF - LY�iII;'OOD . , , . • . . , . . . . . , ,. . , . . . . . . . � . ... : . , . f + . ,. . , ti • ,, , � . : :�. '. � ;,:, „ . . -�� , .. �_ .,, ,' ti� + _ , - . : : • ... � - . ; - . . '. , . ' . . .. � . • . i . . . . Y . � ' . ' t ' . . . . ' .. , ' .. ., �' � �� . .. . ' ' . . . ' � . . � . . ' . .. . .. . . . ' i . ' . . ' , . . . . . ' ' . .. . , ' , ' � . . � r ' . . . . ' ' ' � . � " .. ' ,. . .. ' . ' 1' . . ' . ,. . . . � . . ' . . . . . ' � - ' ss � ..� ' ' . . AGREEPaiENT AGRE�aiENT BET�'EEiQ THE CITY OF LYnn"100D P.ND i THE COUNTY OF LOS ArIGELE5 SUBJECT TO THE APPROVAL Or iHE STATE CONTROLLER, FOR THE PURCH�:SE BY CIiY An'D SALE�BY THE COUN- TY��OF CERTAIPd� TAX� DEEDED LP_ND5 l'l3TIiIId SAID CI^lY UND�.R THE PROVISIONS OF SECTIbNS 3'771 TO 3841s �NCLUSIVE, OF THE REVENiJE� P_ND `PAX- ATION CODE. � � , _ . 2HIS AGREEIuTElv^1 made the day of , 19 , by and be�tiR�een the Boa.rc� of Supervisors of the County of Los Angeles, Sta.te of California, and tne City of Lyn�uood, a �aunicipality of the State of Caliiornia, sub,ject to the,ap- • prova.l of the State Controller of the State of California. i'iZTNESSETH that: ' l�9HEREAS; certain real pronerty �vithin said County and �ithin saici City of Lynwood, and hereinafter more narticular- ly described, has been deeded to the Stzte of California.for delino,uent taxes levied by the duly constituted authorites; and i�1HEREA5, said real property has a.lso been deeded to the said City oi Lyn�vood for delinauent t�xes of s&id City, as pro- vided�by Section J`77J of said P.evenue and Taxation Code; and ti"r'H�REA5, the Ste.te of California now holds said proper- ties under tax deed; and in P7HEREF,S, �the years 1928, 1929 and 1930 Lyn�arood Acquisition and Improve?nent Districts 6, 7, 9, 15, 17, 18, 19, 20, 22, 23 and- Lymvood ?�it. I. D. No. 1 and 28/�+ere created in tiR;hich proceedings bonds were issued wnich becar�e liens on certain of the properties hereinafter described; and 19uEREAS, in said years Soutn Gate Acquieition and Improve- ment Districts 1, 4 and 5 eJere created in vrnich proceedings bonds were issued which bec�.me liens on certa,in of the proper- ties hereinafter described; and -i _ _ � ;, P!'t;ERrP_S, in 1938 said South Gate Districts were refunded ' and 'oonds �vere issued urder the.Assessment Bond Refunding Act of 1933, as to said District No. 1, and under the,Refunding Assessment Bond Act or 1935, as to Districts 4 and 5; end lxIHEREAS, during the past three years said Lynwood Diatricts 6, 9,�15 and 19 were refunded and boncls issued under the Assess-- �ent Bond Refunding Act of 1933; and. has been refunded WHEREAS, said Lynv�oo@ District No. 7%under the Refunding Assessment Bond Act of 1935; and �+THEREAS, there are nocv outstanding against the said pro- perties, the sub,�ect of this agreement, delinquent bonds and/or a.ssessments issued in the said refunding proceedings in the a- mounta and on the respective properties ae sho��rn in that cer- tain schedule marked Exhibit '�A attached hereto and by this . reference made a part hereof; and hR. I. D. No. 1 lr7HEREAS, said LynNOOd Districts 17, 18, 20, 22, 23 and 2$/ have not been refunded, but it ie pronosed that the same shall � be refunded in the event all tax deeded properties tnerein can be acquired by the respective Cities oi South Gate and Lynwood in v:hich s2.id properties lie; and VlHEREAS, there are outstanding bonds and delinquent in- terest in last said districts as follovTS: Principal Interest Total Di�trict 17 �`�19,524.82 �� 4,876.24 � 24,401.06 District 18 �650,473.11 �291,184.85 941,657.96 District 20 81,233.61 31,342,70 112,�76.31 District 22 27,241.65 2,989:38 30,231.03 District 23 18,484.88 3,427.88 21,912.76. District 28 10,129.98 219.10 10,349.08; P1i. I. D. 1 6,150.DD 2,692.50 �- 8,842.50; --_---� r__ � �--'-- and ��"pS -� ,r ��2, �,.5� / ly9ry7o '�j3, 3,_, . - � PJHEREA5, by reaeon of the said special assesaments and/or bonds,� and the accumulated general taxes, the total debt uoon s -2- r said properties, and upon each of said lots or narcels is great— er than the value thereof and for that rea_son the propertyowners ha.ve fa.iled and refused to pay tne assessments for sa.id ponds and the general taxes levied on said property, with the result that the City, the County, the school districts involved, and all other taxing agencies, for the support oi which taxes are levied on said ` property, have suffered great loss of revenue; and ;"IHEREAS, prdctically all of the said pr�operty is unimproved ancl in tre event of the nurchase by the City of said tax titles it is quite•likely that most of the property thus purchased by the City �ill be made a.vailaole for the building of homes, e�hich pro— t iall increase the assessed value of the City of 1 ma er grar� wil Y Lynwood and of all other taxing ageneies involved, �ith the re— sultant increase in revenue from taxation, to the great advantage of all parties concerned; and ?4'HEREAS, the public interest, convenience and necessity re— quire and the taxpayere of said City and County will be greatly benefited by a reiunding of said�Lynwood Acquisition and Improve- and �.2. I. D. No. 1; ment Districts 17, 18, 20, 22, 23 and 28� and YffiEREAS, in or.der to accomplish the aforesaid oo,jectives the � general tax�debt on the said properties must be eliminated, a.s the cost of clearing said bonds, and Said Refunding bonds, do not leave sufficient equity to make it nossible to ,justifv the present record ocaner or his assignees, or any other interested party, in pa.ying tne delinquent general taxes and the otner items a.foresaid; and V:`HERFAS, the City of Lynm:ood desires to have the ri�ht to ac— cerot deeds, pa.y the ?�urchase price therefor, over a period of time, as they are able to dispose of the properties the subject of tnis a�reement; and i"IHEREAS, the parties nereto are of the opinion tha� a period of t�uo years ia a reasonable time to allo�rr the s2.id City to ac— cept and nay for tne deeds to all of said oroperties; and _ Jr. 4F.�EREAS, the consideration hereinafter ehpressed is a rea— sonable amount to be paid for the elimination of the taxes on se.id property; and i'�HEREAS, in the ,judgment of said Board of Supervisors it would be impracticable for the State te sell its intereet in said property vrithout the cooperztion of said City of Lynwood, and it v�ill be for the best interests of the Sta.te and of §ard County to transfer the title norn held by the State to said City, under the terms hereoi, in order that said real property ma.y be restored to the tax rolls of both the City and the County. NOPI, THEREFORE, it is"hereby agreed tnat tne City of Ly m*�ood shall nurchase and. the County of Los Angeles shall�sell, sub,ject to tne approval o� the Controller of the State of California, all the real property hereinafter described upon the following terms and conditions, to wit: 1. Tize real property u;hich is the suU�ect of tnis a�reenent is the property described on the said at— tached schedule, marked Ehhibit '�A", by tiiis refer— ence hereby nade a. part nereof. � 2. That said City snall pa.;/ to the County Tax Col— lector of said the sum of ;�15 f�or each respec— tive subdivided�parcel of property, and the sum� of y$25 per acre for eacn unsubdivided parcel of property � or acreage described on said Exhibit '�A" �s the pur— chase price of the plus costa of sale incurred' as in said Sections of the Re�*enue and Taxation Code provided for, the said City hereby agreeing to pay the same. 3, The said'City shall have a period of trao years in ��rhich to accebt and pay for all of the property des— cribed herein, it beino understood and agree that the City r�ay from time to time request tne County Tax Col— lector to deliver a deed or deeds to certain of the —4- ., said parcels, and upon receipt of said request, and tne payment oi sa.id purcha.se �rice, and coots, said Tax Col- . lector::shall r�a.ke, execute and deliver to said City a • deed or deeds to the parcels ef property so reo_uested by the sa.id Ci �y in accordance r•aith sa.id Sections of said Revenue�2nd Taxation Code. � 4. It is understood 2nd agreed tr.at sa.id Cit3* shall be requii°ed to accept delivery of deeds covering all of the • property the subject of this agreement (except such pro- nerty a_s may be, redeemed a.s provided by,�lava) and pay the said consideration thereior, a.nd coats of sa1e, within a peaiod of turo yeara from the date hereof. 5. The title of tNe State in or to tne property here= inafter described shaTl.not be conveyed excent as pro- � � , � � � vided herein, but th=s s�a.11 not effect the right of any �erson entitled to redeem said property as provided by lati=.� witr�in twenty—one days after the first publ.ication • and the mailing of the notice as provided b,y said Revenue and Taxa.tion Code. This, however, shall not be construed as an admission , by the City that any former owner, or any �ormer holder, of any ini.erest in said land ha.s any ri�nt to redeem the ' same. . IId l��ZTNES5 Vr:iEF.EOF, the parties herei.o have caused. their respective names to�be subscribed hereto, and their res?�ective seals to be affixed hereto by the respective �roper o£fi,cer thereunto duly autnorized. BOARD OF SUPERVI5CRS OF LOS ANGELES COUTQTY by .. - . .. .... .. .,. _ . - Chairman, .. (Sea.l) ATTEST: ' Deputy. . � ��.�a1-. cz�-x�oi,, z��;� D . . � �kr . r°' ' .gy,� , °. � ._ayor, .. "'r •_ ' �` `� ( Seal ) �A TFSm"; -.�, �' ty Cl erk 'r ";:.,�"'`. . � e ; ,; , . =5— � . <« »' � , f.' . .,� _ <� ,� � � The foregoing agreement is hereby approved this ' day of , 1941. HARRY B. RILEY, STATE CONmROLLER By — Deputy Controller �. - –6–