HomeMy Public PortalAbout1243 (06-04-40) � � �
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RESOLUTION N0. %�.cL3
RESOLtiTION OF TH� CITY COUivTCiL OF THE
CITY OF LYNtitiUOD OFF'I:RIT T� YURCN�'1SE
CEHTAIN PROirsRTY DE;EDLD TO THE S^tATE
UDTDEH THL' PROVISIONS OF SECTTOIQS 3897d
A.IvTD 3897.3 QF THB POLITICAL CODL.
Be it resolved by the Gity Council of the City of Lyn-
wood_as follows:
1. That tne City oi' Lyr_wood. does hereby
offer to purchase frora the County of Los Angeles,
with the consent oi' the State Controller, the tax
deeded properties specifically described in the
' attached agreement, under the terms provided therein.
2. That the said attached agreement Ue and by
this reference it is hereby incorporated into ar.d
in its entirety made a part of this resolution.
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3'. That the ttayor�-and. the Clerk _of. the City oP
Lyn�food be, a,nd they are hereby authorized to exe-
cute said agreeraent tor and in behalf of the City of
Lynwoocl.
Approved and_ adopted this fourth day of June, 1940.
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�� Mayor of the City of Lynw�
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ATTEtiT• _
City (:lerk of the City of L wood
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. j , � ' , STATE. OF C;r�;LIFORNIA . ) :. ' ' . . ', ' .• . ; . .
' COUNTY �F LOS'ANGELES .se. �
+ ' ;: � :CITY `OF LYNWOOD ' , � . �. : . . .
' �` - • ' � I; •.the underaigned Ci,ty ,Clerk of the dity of �
Lynwood, do hereby cer,tify that the aboye and foregoing.
^Resolution was duly �adopted� by the City Council of ,�said
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" . ' ` City at, a - - - - - ':' regular meeting thereof held iri �• - ,
, the. C1ty Ha11 .of said •Clty, .on. the 4th• day of ,; -
. June ,. 194 0,. and pasaed by.the following vote:,
AYES.: , COUNCILt�IENs �Christenseri, . Lake, Ziinmerman;
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• . �`�` "" ' �' " , ' . P.4eMeekin and Me�er. . ,.
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, { � u , NOES r COUNCZLIuiAI3: ^None . , ; .
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F `° �.` � �, -.ABSENTi �COUNCILia:EN: None. " -
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AGIi�Ei�2I.NT BETWLEI�T THE CI'i'Y OP LYNWOUD
, AND T�IE COUNTY OF LOS ANGEIE S, SUBJ�CT
' Tt� TI�, APP?tOVAL OF TI� STE�Tr� CONTROLLr;R,
' � b'OR THL I'URCEAS� BY `PHE CITY A1dD SALE BY
THL COUNTY OF CEHTAIDi TAX DErDED LANDS
�iII^1HIN SAID CITY UdDER PROVISIONS OF SEC-
'1'IONS 3897d �1IdD 3897.3 OP TIIli POLITICAL
CODE. �
THI3 AGf�Ei�ENT, m_ade the day of _, 1940, by
and betereen the Board of Supervisors of the County of Los Angeles,.State
of California, and t'r�e City of Lynwood, a municipali�y of tho Sbate of
California, subject to the approval of tne Sta{:e Controller of the State
of California,
tiVITNLSSETII that : •
VVHEREAS, certain real property vrithiu said County and v�ithin
said City o£ Lynvrood, and hereinafter more particularly described, has
been deeded to the State for delinquent ta�ces levied by the duly con-
stituted authorities of said County; and
VVFi;�RPAS, said real property has also been deeded. to said Gity
oi Lynwood for delinquent taxes of said City, within the meaiiing thereof
as provided by Sect?ons 3897d and 3897.3 of the Political Code of the
State �� Caliiornia; and .
WI3EHEAS, previous Cit;� and County aclministrations did in the
years 1928 to 1931 cause to be imposed upon the property Y�ereinafter
described certain epecial s�sessn?ent taxos under and by virtue of''the
Improvement Bond Act of 1915 and the Acquisition and Improvement �ct
of 1925; and
WiiGREAS, in the refunding of Lynwood Acquisition and Improve-
r!ent Districts Nos. 11 and 24 and Los �ngelos County'Acquisiti.on and
Improvesnent District No. 115 certain assessments v�ere levied and bonds
issued therefor which are now unpaid, the amounts of whicl2 aro shown on
that certain schedule attached hereto and made a part hereof marked
E�chibit "A"; and
WHERFAS, there are certain assessments levied for the im-
provements made under the said 1915 Bond Act on the parcels, and in the
amounts shown on Page 3 0£ said �xhibit '!A", which amounts are ex-
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clusive of interest and�or penalties which have attachod by reason of
the non-payment of said assessments; and
't�YIIEREAS, the lots covered b5* this agreement which are in Tr�ct
IIo. 7816, as shown on Page 1 of said E�ibit "A", are orily 25.00 feet
wide thus r•ei}uiring tvro lots or more to constitute a buildin� site; and
WII�RLAS, by reason of the assessments levied for 'said 1915
Bond Act improvement� and�or assessments levied in the refunding of said
Acquisition and Improvement Districts, together with the general t axes
which have become delinquent on said properby, the accumulated debt upon
said property is greater than the value tnereo£ and for that reason the
property owners have S'ailed end refused to pa5* the said assessments and
general taxes ���ith the result that the C�ity, the Count3r, the sch.00l dis-
tricts involved, and all other taxin� agencies for the suppor•t of which
taxes are levied on said property have sui'fered a great loss oi revenue
and will continue to suifer such a loss until said property is restored
to tne tax rolls; and
LVI�;RE:AS, the City of Lyiiwood ovms all the outstanding 1915 Act
Bonds affecting the property which is tne subject of this agreement,
zvhicYi bonds will be liquidated at the cost price to the City in the event
the City is able to purchase tax deeds to sai@ property; and
FVHERLAS, if the City is able to pur•chasa tax titles to said
property all of the overlapping specific lien bonds created in re-
funding said Acquisition and Improvement Districts IvTOS. 11 and. 24 will
be purchased at a substantial discount and cancellsd, and said lots will
be restored.to the tax roll, and most of them will be improved., thus
furnishing additional revenue to al1 taxin� a�encies; and
VJHEREAS, in order to accomplish the aforesaid oUjectives the
general tax debt on the said properties must be eliminated, as the cost
° of clearing said bonds, the ucquirin� oi title to said property and
the expenses involved in quietin� title and insuring the same, do not
leave sufficient equi,ty to justi£y the present record owner or his
assignee, or any othEr party in interest in paying the delinquent genei°al
taxes; and
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IVI�a;REA5, the consideration hereinafter expressed, i. e.�
y �5.00 per parcel, is an amount which the parties hereto deem fair and
equitable on the part of the said City to be paid for the elimination
of`said taxes; and
1VI�REAS, in the judgment of the said Board of Supervisors it
would be impracticable for the State to sell its interest in s�id
property witnout the cooperation oi said City of Lynwood and it vrill be
for the best interests of the State and of said County to transf'er the
title nov� held by the State to said City, in order that said real
property may be restored to the tax rolls of both �he City and the County.
NOVV, TH�HErORE, it is hereby agreed that tne City of Lynti^rood
shall purchase and the County of Los Angeles shall sell, subject to the
approval of the Controller of the State of California, all the r�al
property hareinafter described upon the followin� terms and conditions,
to �vit:
l. That said City shall pay to the Couni;y Tax
Collecbr of said County the sum of �p5.00 per pa"r-
cel ior each parcel of real property, plus the ,
costs of sale incurred as in saicl SeoLion 3II97d,
Political Code, provided for, the said City nereby
a�reeing to pay the same;
2. lipon receipt by tne County Tax Collector of
said sum said Tal Collector shall make, execute and
• deliver to said City a deed or desds to said parcels
o� real property in substantially the form set forth
in said Section 3E397d, Political Code; �
3. The title of the State in or to tne property
hereinaf'ter described shall not be conveyed except
as provided herein', but this shall not affect the
ri�ht o£ any person entitled to redeem sai'd property
as provided. by law within twenty-one days after the �
firet publication and the mailing of the"notice as
provided by section 3897d of the Political Code.
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This, however, shall not b� construed`as
an admission by the City that any former oe�ner�
or any former holder, of any interest in said
land has an,y rig_,ht to redeem the same.
4. The real property which is the subject of
�his agreement is the propert�r described on the
attached schedule, marked "E�thibit �1", by this
reference hereby made•a part hereof.
IN �VITiV�SS i`JHLREOE�', tne parties hereto have caused their re- •
spective riames to be subscribed hereto, and their respective seals to
be aifixed hereto by the respective proper officer thereunto duly au-
tYiorized.
bOARD OP SUP�RVISOftS OP LOS ANGEI;�S COUiJ`i'Y.,
' By Chai rrnan,
Attest: County Clerk,
By Deputy.
� CITY OF Ly1�PAl00D,
By `�./ r ayor a
' Attest: City Clerk.
The foregoing sgreement is hereby approved this day
of , 1940.
F�RRY I3. FtILEY, ST�?TE CONTROLT,ER,
BY
Deputy Controller
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