HomeMy Public PortalAbout1227 (04-08-40) 1ryry
, RESOLUTION N0. 1227
RESOLTJTION OF THE CITY COUidCIL 0�' T??E CITY
� 0?' LY;:Vti00D 0�'F�'RSNG TO PURC_u.ASE C�RTPIN
PROYERTY DEEDED TO TEF' STATE UPiD�R TL-T PRO-
'iT�IO?�?S 0�' SECTIOD?S 3a97d AP?D 3897.3 OF ^1N�
POLIT � C1�T, CODE.
Be it resolved bJ the C?t5= Council oS the C�tg�o� Lyn-
woed as follows: �
1. That the City oi Lynwood does hereb5*
offer to purd!iase from the County o� Los Angeles,
with the cor_sen_t of the State Cor_troller, the t�x
deeded. properties specifically descriUed in the
attached agreer,ient, under the ter�:s provided therein.-
2. That the said attac�ed agreenient be and by
this referer_ce it is hereb� incorpor�ted into and
�--- •- •-.-- ir_ its entirot� made a part o�' this resolution.
. 3. TY�at the Niayor and the Clerk of the City of •
Lyn}vood be, and they are hereby authorized to exe-
` cute said agreement for• and in behal£ of the Cit� oS
Lynv�oo d.
Approved and ad.opted this ei�th day o° April, 1940.
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City Clerk of 'the City of Lyr_wood
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Lyii,�ood do hereby ce'rtify that the above. and, foregoirig f
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� � .� �. `Ci'ty at a� gPecial . re ulcti"r meatin� thereof .held in=; �'' '
� � the City_H��11 ��f .said City,;::on tk�e Bth uay of' ''� ?
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ACrREEPtIERTT BETVVEh:3 THE CITY 0_H LYNtiV00D A:VTD .'
� � _<, TEE COUTdTY OF LOS AN^����5, SUB�ECT TO TF� "
ADPRO?iF.L QF T?� STATL COTdTh4LI;�R, FOR TEi�
'. PT�RC�=ASE BY THE C?TY AP1D SAL}s BY `I'�?� CQU�iTY
, OF CEP.^1AIN TA�.D%�DE�D LA`?DS GVIT??I1? SAIll CiTY '
UD]DEft PP�O�IISIO�TS' OF S�C^1TONS 3897d A�iD 3897.3.
. OF THE FOLImTCAL CQDE. -
- THIS AGF.�Eiv;rtdT, .mad'e the � day o£ , 1940, by
and.between tre Board of Super�*isors of the Cou�nt3* of Los Angeles,
State oF California,, anc� the. C� ty*. �o° Lynwood, a r.iunici�,aZity of tha
State of Galii'ornia, subject to the approval o° the State Controller
of the State of'Cali�'ornia,
� . V�7J:TPTESSETN that:
'" VVHEREAS, certain real propert3 within said County and �vith-
in said Cit3� of Lyntivood, and �ereinafter �ore pa'rticularly_described;
has been deeded to the Stste for.delincuent taxes levied b5T the duly�
constituted autrorities of said Countp; and
� 1W��AS, certain real property has also been deeded to
. sawd City of Lyni�raod for delinauent taxes of sa�d City, vrithin the
^meaz�ing therec� as provided b3r Se'ctior_s 3897d and:3697.3�of the- �
'' Political Code o° the State o° Califernia; and
'. U�iEI?EAS, previous City aclmini�trations did in the years
1928 to 1931 cause to be imposed upon the property hereir_after de-
♦ scribed`cei�tain spect�.l assesament taxes under and. bg virtue o° the
. Imprevenier_t Bond Act of 1915 and tY!e �;caaisition er.d'Improver. Act
. .of 1925; ar_d ,
• VJI=E??EAS, the'assess�ents £or the improvements made under '
the said 1915 Bond ACt aver�ge approximately �375.00 for..each parcel �
of prcpert5* affected tht exclusive of ,interest and/ar penalt_es
y which have attacY!ed by reasor_ of their r_on-payment; as Shoi�rn on that
cert2in schedule, covering t�ie properties invol�red in this agreement,
�vhich sched.ule is attached here,t� and made a part hereof, marked
, n��zibit A"; ar.d �
", . �9��REAS, in the refundin;.of Lynrvood Acquisition.and Im-
; prove�ner_t District Tdo. 19 certair_ assessmenta tiyere levied on .said
' propert3� �vhich .are now ur_p�id and ti+hich are sho�m 'on said °Exhibit
. Ac; � and _
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_ . . . : ` r ' :.
` • t, �REAS,.by reason oS tP�e assessmer_ts levied for,said 1915
Bond Act improvement� and/or assessments 1evSed ir_ the reiundin� of ,
, -�aid Acquisition and Improver:Aent District No..l9, the eccumulated debt
'. uoon said propertg is greater than the value thereof and for that
' reason the prope ommers have.failed and refused to pay their said
assessmen£s and tYie general taxes levied on said propert3r, with the
.result that the City, the County, the school districts involved., and
al1 other taxin� a�encies for tl�e support of whicli taxes are levied
� on seid propertST ha�:e su�'Pered.a great loss oi revenue; and
tidI3EHrAS, the City of Lynwood has entered into.an a;reemert �
' tvibh;the hoTder.s of the bonds of said 1915 Bond Act for the-lieuidation
_,' thereof, vlithout cost the Cit3r, -if the City is able to purchase tax
` deeds to•said property; and ' .
' lM1r��HEAS, as a part of said settlement agreement saicl bond-
� � holders.,'�vlio have acqnired the fee title to sixts-five parcels o£
�" �roper,ty ir. sazd tract, whicY! ,are not covered by bhis �greer.!er.t,' is
. paying all delinque!�t ger_eral taxes thereon, which will result in a \
cor_�siderable payinent to each o° the t�ir_b agencies interested in �aid
property; and . . -`
�'d�IERiAS, as a pr�rt o�' tre �eneral program o'f liquidation of
accu?nulated.bonds, assessments and taxes against said property an .
arran�ement•has.beer made wrereb�,a building comprui�� vaill take over all
'. lots-as the titles thereto are.cleared and coi.s.truct.impr•ovements there=.
,� on� which will me.terially increase tY:e:ASSessed valne of the City o�
� LS�nvvood and of all other.ta:cin� agencies involsed, to treir great ad-
eant�ge; ar.d .
* V1'� �:AS, in order to accomplisY! the aforesaid objectivea the
general.tAx on tY!e said;properties must �e eliMinated, as the cost
of clearino scid bonds, tre.acquirin� of tit7.e to said property and
the expenses i.ivolved in quiebino title and insuring same do r_ot leave
:sufficisnt equity to maiie,it possible to justifg the present record
owner er'his assignee; or any otner interested pGrt3r in paying the.
' ` delinauent ger_eral t�xes; and
. . _2_
, �..
WriEHEAS, the �consideratibr_ hereir.after expressed; i. e., �
, ,
•�25.00,per. par'cel, is the maximum am_ount which the parties'nereto
I
believe can �e paid for, the elimination of said tAxes; and ,. ,
,
, i
YYEEREAS, in the judgement of said Boar� of Supervisors it ,
. . . . i - � . . � .
ivoula be impracticable for tr�e State to �ell.its interest ir_,said
" pr�nert� witYiout the cooperation of said City of Lgnrvood ar_d. it wi11
be £er the best intere�ts of the State and of said County to trans-
fer the title nob� held b� the State to said Gity, in order that,said
, real propert3> mayr be restored to the t�x re11s of both.the Cit3•and,
t'r_e Gounty. , '
PiOVV, TFIrREFORE, it is herebg agreed t'riat the City of �Lyn-
wood shall purch.ase and tre count� of Los Pngeles s?2a11 sell,.subject'.
to the approval of the Controller of the St2te o-" Califorr_ia, all tlie '
real pro�erty liereinafter described upon the follot^ririg terms and.con�.
ditions, to w�it:
� 1. That said C3ty sYial 1 pay .to the County Tax . :
< Collector of said County tne aum of �;25.00 ger par-
' cel for.eac'ri parcel o� re11 property, plus the
�,
• costs of saie incurred as�in said Section �897d,
Political Code, provided for, the said'.City hereby
a�reein� to pay' the sexne; ` .
2. Upon receipt b�,� tYie County Tax Colleotor ,
o�' 'said sum said �'ax Colle_ctor shall make,, execute
� and. deliver to said C�ty a deed or deeds to said
parcels of real property in substantiallf tlie iorm
set iorth in said Section.3E397d, Political Code;
3. .The title.of the State ir. or to tne pr�pert3*
hereinafter described shr�ll not be conve�ed ex-
cept-as`previded herein, but this shal.l not affect
•.� �he ri�t af ar.y person entitled to redeem said .
,� property as provided by law withir_ tvventv-one days
after the f�rst publicati�n and the r.mailir_g of the
. � notice as provid,ed by said Secticn 3F397d of.the
'. . -$^
Political Code;
This, however, shall r_ot be construed
as an admission by the City that any forner
o�rmer, oi any former holder, of any ?nterest
in said land has ar_y right to redeem the
same.
4. The real property which is the sub-
3ect of this agreement is the property de-
� scribed on tne attached schedule, msrY.ed
"Exhibit B", by tY_is reference hereby made a
part hereof.,
IN NIITNESS GVHr.REO�', the parties hereto have caused their
respective names to be subscribed hereto, and their respective seals
to be affixed hereto b3= the respective proper o�ricer thereunto duly
authorized.
BOARD 0�•SUPERVISORS OF LOS ANGELES COUAtTY,
B ChairmAn,
. __` 1.'�,G� e,. , � ' � .
,�: , `r Attest: County Clerk,
a�+ `'� �., .
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r w,y? c,`�, ',
� .f.. �;' ' � r ✓' � g � Deputy.
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� �' : � "`�` . ti � -' � CItY OF Ll'P: JO , •
� � �. , � � . ' ;� _< < � �
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� : L � $� n. ". , a_" hayor,
� ���'� ,�� � Attest: �� y Olerk.
, . � _
- The foregoir.g agreenen� is hereby approved this day
� o f , 1939,
HARRY B. BILEt', STATE CO?�TROI�?,FR,
By
Deputs Controller
_4_ .