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HomeMy Public PortalAbout0979 (03-16-37) � ;. n , : , > � �. � r � �, u �. a �. � ^' Y L „� � y�s 5> .V` r4 4':� ✓,� .ri � � F5'i5' e � �y ... �1 Ni:�'��.' ` �� ti{' �' 1 y a Y� �.� y i �,� S�. k � 4. ' a � y }•�e Y � •� t v J � ,� � , � ; :' L � d � t . ( <.� 4 L° .i�t !i � .� M � + t ! �Y �. �s' � 4[ a i ��, �' �.� € �. r � e: J��.Y r U'"aS6 e� i Y� � f > �. ! .'"A �� t. 4. 2 . .�, � � ..� l � - ._ �r a � � r -r '" �. a � . � _a „ i :..� � � �S. o � � .. i � � 0 ! kly N .: q a �. Y ., `j �f . fya d:- � 1 � f I�M1C ..n IS� 4��� Yd� _ .'r � f f ^ j- w �, y �� y� at 7.? Nn �,.Cl�'70 . t . t� M 4 r. . � - i . � � � . tt , i .. r i � .�+ ' � �-k� .✓ c: �'. .:_ �� ','� °� kY.'< ry� �1 ". � t .[�h��n.�. + i F : d'.� c'=.' ,`„r �rs` �;RESbLUTIO�;',�.�''� `�T3E'CIl`I COiTNCIL 0?''„TFL.CI`FY' ON';ZYNtV00D."i o_ r � �, �, t 1, ,� ",, ��„ ' EIVr7)ORSIII�; 1��D° OS�'rERI;�fB P�9OR��I3, SIIi'PORT `PO �`�'Ii�. TRU$T i r `i f� � " � ��GREEIr�FVT �1y1VD :PRQGRAPv1 FOs� rtC�UIHTiv�� APTD RE1'1RIAG �. , � � : .r A(w :; `�' , �i 1 �s{� �ti� g Y ..� �f �� y t�{ �& I $��1�� Sl ).t�:-�r tl !r��� �✓ .. i r ��`� � � t ,� .� r p I. � �, r a � . fs . � ti r� . � y �' " z t l. ,�f t�'' 't � h+ i t "' � r.r l,x � o�� � 3U � y �. <�, .r� � u �.r t w.�' +� 1 �t� 3 �. V � , ��� � '1 �:`f 4 i ..:._ _{ ° � + �s, � Y '�l �` . � . , } � {• ' i t ! 4 4 k- 'A -� J` < .�~ jA t h y r' � . . �: � � r .: + �.. 1 ��� 5 1 4 \1 ) ', �. k 'l" � � 1 ! .1.:( h.. f y •. .9.�� xJ� � s � "� '� � � iKNOy�t fiI,T, PLRSOP�S ` ` ° A .�/ 1! . n ] Y.' J l'. :.i h P t� �{rtl�� ^ . 5 .� ,� r ��� �,� i� .. ,t � �. � k ,. ��.� ' �� '�_. .'�i.'. ai ..Si �. t 1 �.: r�f i ..,5�� '` ,� ,. ` That ivhere�s, ,�Herbert A x $ennke -fias ��orked out �nd "�resen�ed for, 6 f � � ) 1 rL 1I ( � > Y L . . .. f \ : � Y � .4 f � : f t ! ' , �the conaideration of the T�fayor anc3 the� Cit,� " cour���i of the City �ofs� ``,. ,A.q q�.. r� �,�'. t .3 ? ? ha r y T..i �,'� a 5_, a ,�� y ' r`Y .�ri � S ��: "Jl �� { *��^f A t �t,.. �C �\ t z b,+ � •, ' Lyncaood, a comprel7ensive plan for acqiziring �nd ret�.ring =the A& 2` . , , , :� .+a �. .��*��� -s, � �,.y r, �, � g�, 1� P� .... � '�'� K i . i y r 1 E _. i r r r ] S iu s •� i h �' � � . , � Bonds ;in A&.I DiN�ricts idos 10 and 6`kin �he Czty,.of Lyn�JOO�l,� ��,: r T rt ' ' ;* y a n: 4 : ..i y y`"yr �, .�' , h ^. T � Y. I� � 5 � 9F � Y ... �° f e � r. . ' 1" i, '! �`?' � .� �� i '�': 4. Y ' Y � � i J��� .� � Califorr�za +� r; '� �-� : i f u"�C S;'a 1. .y1^� Y� : f :"_s � `4 µr . g �;[r e yr : �er �„� l� • � � � ,. ♦ : � , � . . , i . ,� '. �+ I A .� , � s s�� v t `r13at whereas, ; as `j�AT't{ Of "2.1C7 plAT}�� ,2,ri 8XDT8S8 ,:]9^� �';. �'. 1i, . a , w , : _ ; , , ,' � • „, „� � created, �svherein said Herk�ert A. Be�nlio ha�;,been "appointed Trustee,, 12 ` '. `�, .. ' : :,' ?' - 'f : , �� �,. to�act�; by an�i w,ith; Aavisory Board, ,+; ` 13 . g . , s' . ' � > xd 5 �. t x_ .;'- - the ��ersonnel of „vh�ich is� to bot; d11�'�of<� tro me}nbars : Git3* :w�,,, ��w ° )- v . 14 � ,. �. > ., < � t i � - � j �� � � � � � r� m W u i¢ "' A" �' �CiOlI.�C'1'�. O� �"k18 �ilt.��Of �y71W00(� f t�' s- ;'t� 4 i �t.�'v� t � 8�9IW s 4 � so ��' �i st �: '' r iF � ,.rJ V : � �•.� '.' r , .: '..' .:. :: (�; � . +� . . a �'m'wm `x x TYiau�wYiereas; the."$e .�eles; �; Q O � .�u f � , .. , L ' '. t• ! � 1 .. � V � Q,m;os i ��" bein� to becometescrow�kiolder�M1for th �landowner9�:inhsaid Y �J -aoa r �- r ' i ; `o ` +, a`��;� t - a a _ , ��.G3 a g r.P r . � .�� �. .4 x.nr �v J �;'� Sr t;� � (.. J,�T 1s ' sAistiri�ct . �� n �4 . ' e � �w . �' [ v, ^ � . � :f �. . -... ..� � t' UN, � ... �f� e L. � � �...,. .?. � F 4�a i .�� ' � .% W ; "U � ,.? `19�,. '. , `t;�d wneneas, �tro Trunt p2°ovidos" that ,�he C]�t`y' �r�g3ne shal�l , i '. .. � R� - ' ' 7 . , �� �� ��v :f. y �' w d:. �� °..� `^" r x' 1< Ya� ��� Y..�< x� � 1 � r ,' r . a•� � '°"; estalil'rlah'�t3ie pro rat�. sliares to+ be oaid by`��;i.he,�or.nei of �each lot°, � r 20 : ` � � 'e bt t'd ]f .�a ���' �! ..�`� F� H JY L v � i O, �"� 21�,'� 1 �o':esciow `holclen,";the ,Security_.F�r� t National ��ik';of Los. An�,e�es, ' v H . C fi. .� �� sU - :f ,� ,-.. l l; r t,I �:. S, L 4,:e� �� -�, r� 4"; x i+; T4 r�z .. �. -� } �'r1 y �. .. � 5 1 ,.,�� � , , '�Z � ,' to tri"e ond �hat a11. of the outstandin� bonds in, said�Districts' -ma� � `" j �' � F } ... �� r ._�i.! � + �� ° �' r �� �` i M .':� r r '.,'., � a , � r s. F � w �, ...r xr ��: t ::'2 4 {i �'� J C�, + ;. "� �3 `` be �cquiz^ed and retired, according to Ehe` ternis �of said Trust " "' , F P a�'�, a .'.,:: r o �, � ,� , q t � . �`. �� � F � � :td a -� � � � � i � � �. s s�a.-� "� q ti t > ° 24 And v�hei eas, no prof �:"t ar considerat� on `is` to be paid to the � t y : , , '.: < « {..'`` s � 5 . b ,+kN -�:} /t ,'s� % t + � 1 +n �� 5 Y �'. d� :�' � ' v ' . "t r' i . i �' ; 25 gaa.d Trustee unless all;,of saidvbonds' are �retir,ecl, and in} bhat oase , ' ` a, e �'.�') ,g � ly � 'SG� �, . t c� } ar '"k i : �r a ,�' . �( . ..,� 1 t' � : .� �.. .., ..-, . ''` . �.' � 26' ,� tha eo�sideration:'ol the • t Trustes is n_ot tio exceed .3 per pent of �the , 1 .' .✓.� � � ; �.Y. .i t t in* t . �'��� 4 � 3 'A, �..Y F ' y,� t ... � �y`f 's I `-• " "� ' " present valize of��the b`onds �In-�he .e�ent� a1=1 of 's;aid;borida �aro` not,;, . �A . ' 'F � . -. � p � ii i0. .. ' 1:e:.. N . '�� P Zg Y acquired ar}d retired �rithrn i.lie.'ta.me spec�.Si,ed, the escrow holder,,as,' a r ,a;� n { ✓� tt �� 'd 'x , x 5 ° ur r* „ r r ' - .� F .. . � r . � . M ' r� f 29 � � , s: � to re�ay� to tikae proporty. holdor' all of `saia ,mortegs; 1e�s -a t feo :of`�, ` pS, ..�. � r � �:ot , . y� � �k q �_� � r � t�. d 3 .;3 v i��� y ' � i 2 y � . �. y . r '_ � . 1 ` . 3o a 50 ei lot escro�r e ar e* ' � �� ' , i`� � t � ytx � i �� ..� say .r Y_' o x � v � rt n iE; � �� v: �q� r � ; . . , . . �' ? c � i '� � _ c ' t ✓ �'� i � f �g� y � 1 , I 31 , „�d �rhe•reas,,,�tho t�dvisor,y : Board is'rnot �i,o yr,eceiue�� arzf co�ipen �� ., 4� { ,. � y, < � f ? n� f { � r � .� i R � � � y ` , � 32 , _ ' : „ ,t s � o r � � S'�tiiOYl}49I1�..t�508yU81" �n 4 " f ":t + ' � ?� o � ,y:�,. a t: >„ i : c +'^ `� , �� �. t � 3 � i �" i �� �`3�a � _ .w �� ✓ ., r � � .� s r ♦ � 1 1 > y � .: i � i . . '� � � . � i, Q z , c r' '. .' � ` - M1 4 . � �{Y� Y . , u'�: t '" �L� F 1:�. 0 ,�:; �''� � l � � { +.�.y � i £ .� � J�� � �t ,� �n f:�� d . r .�' E r . ,_� ' ' � � x � h 'n,.� � .. ` `i�.:�j a y �. r {'�� ���. - - .a �r u r • �e {1 q i:t".. � rF � ;t. � �i-,.e�`�v e+ � r :K;; �t ` t` i�. .. � f:i f: �L ��� ��+ ..d �"- 1 _ ��'� . ! ti } ! ; \ y� .cE i. s 4 4 ��' } O:.Yt Ji` M1vr�'x' , . A ., � 11 v' � I.,-J ' � �y ,�� t k � i . V 'y�. � ! _ 6`t d' � � � � r . �+' �. 9 L ' S . lt 3' ! d t5 f�(I � l , � t ,,..�. �._t� .. . W _ �� . .. Zj� �.1.t ._ ..m �d� i.� H..' .�,pk:�.�. �. . ��.Sk NIy� .'� 14 '�'Eh+K. � '. ' ` P . 4 f � =� f�:1 Fr 1 lY1 �& 4 .1w tW3 (+�'> � M�x i 1xh . . l .. � � �J `l � N ,F > r � #� lrrs< � �.'t h �n ;r� i r � 6 £� . f ` s, � � £ r.., t '� { . � . ♦ 4 .. Y .� , Il �. �-ti3�4� �� '� n ���r�J� a.9�r�. aw� . ��.�iv'����e � to ,. „� �,<t"' ` �'' ,^ i .� x r '{ � � t .. �� .Xw � �. s A � r , r �. r � S - 3 3 4 4; ° 1. t-�'�'n t"Ya e..; t Fvr '-c�i i�� i h.' +^ i �? 1'i s � . .�. e > r y ',`, ,y . F y y �.' ., n� $ �. � �.� �^ y f u 5Yi N+. � f.. '�'r r A � � H2 �" .; '� •[ I t .r .f � a t .. � a ve m�� i F M' unJ� 3 t y s ..;. `v v3 } d t� �{?, ��.:r�y �` v,. y 'i, » .t i� {�, .. }� r ' �f"� r ib h b f x�r c 5 3 t t�r . �: '�� t �.� .. ., � .�.i. a 7 i!� 5:? �i � v � • y �' A : t ia t i. ✓a a_)�w 2 T a" {� t>t:. t 1 �: `A� i Js .. �� A x t � �'' �' 3 � ' � � a+ �� t r �;, ;'; 1�� + -xllnd whero�s, 'said Ti,ustaand,�escr,oyJ agre`e�on�" has;been�e.cami�ned�'`' - ' . i �:: j n � ., . �.� w r.. � y 9 t.. ; y � �.•„ �, � ,, .., � : n ; r r _':�'r "' ' �.�. y i.':c � . .. � -. . 7 � , z`� < i � �d• apprqved�r,*»d i:ocoir�ne�zded by, the,City„,F�tt'orney �o£; said� CityF:� � ,.. a 'a o s .�.% . ... � e, <. ',; .�'v ,�- ; , .',. t G > re�i� :.�. � .�. , g ,,No�, .therefor,e, be i,t resolved by the Pyagor�,a�dY the Councf7 t ' f � - '. i ��., . � . . ` e c r: ,. '�. � 1 2 . r �.:�.� �.; � t. , . 4� . z r. s 4'"+ of the CYt, of L,�ziyaood„Gal ifornia, that the_ I��„oi, ar�d Cit3* ` Cousicil` ti , j .� 4 � � l . �: � . n r :� , r ��. i. ' � . ` .. f r � . � a 1 p � y .` �: � ` � � � :. �"5 of said �itg�do hereby e�press °confid�nce in saidrPrust• and Escro�v� �, - y . ...r `' "5^. a h i .,. tl ���. t�e .V,c �.{ € X !r. a � P r �"Y � y, r'•. I_. s� Agreeinent and pl>ari'. of �ictiuiriri� and i:etirin� said th&t ° �' ��� `.v G 5 • . '..�,. i � F 1 f � l ✓ I:, r �" . .� ° r �', � � � `� � � f �_� �n . J d� : .5 � . - �. �� 7,., the ;said . Txia.st ,and- escrovr ie here reconunendec� to �the �roporty;x r ^, _ � . r �.It . � a �C�. � V n� �.. � �,. � � � 3 x . � H� a h �� o� �S � } �� , y FA r 1. 3 & � e s „ r::. S a . OF7TIEY'8 Of � I Di-strlct� PT03 �ZD a21C1��. ;,.., 1 : t v��� ��'l �. �� , ` .. � ' � .� � �i < 5 . . . L' i , , `, 9'„ : } That "th`e Irayor; and City Council bel'ieve �t#�at b� saici plan of, ,'" � b G � . N �, . , y � r �. . ,rt r � � �, a . r � w ... � ,,.. . . � . . i f �" . �", <<ih � l0 =;. aet2on, all'tk�e�A'& I Boiids oP�`:said I]istrZC �e`acauixed �nd� �,, d ' �. y` ',. S ?� T, J , � y.. � b 1 ! '�� .J, t ', ;•S . ' c � .." i y i ,. �, }� �J''. P`-�... � y � � � G .,� 11 retzred, and tk�� �lends�� yin �di'd Districts rol3eved� �rom ti+rha� is t � .,; r �, , r . µ. t ` * y . ..1 ,� ..;.. � r . .,: y m r ��. i +' t o�. n .:� � 1 . "' r '+ y <. , j9 •<_ r, �{YIOVIYI��= 29 tk12 L�8Y1 adi tiY18�?�tq'dt)�0071 >BOI1C�.3 ra ±�f�,� v 4 y' '�.y+' � �, e ". �:� ti'""13 � r.. �. a Y. . � n`:@ H P ��`�_ t c� ��D s b�".',�' '" f �� ' �'' �, &.. A 3" r-. �,.,� That �a}ien f said bonds�:�ra retired,: proper,ty uat.ue��,�vill ,a� onco w, ,. . ' '' �. r r ; � . . ! � �.. '" a i� ' 1 4 . � , � ��" ,Wy �.. . .', r y � ..§ .. � � n t i . . a :� i r j ' res�ond in a substant�aT�a.ncr,ease, and bu�lding �vill once more �� a•kY:.r z:>-- r i L� m �.,,jy i � �xi a " a . .. .G., , '. '� 'S . a Sa r . � . a `. � lil!'" 15 � s� , � ,+ +,• s fY z o� '� 'become one"of tho�'�a�or ir�dustrie�s of,rtYie City r � r � �4 � 16 � 3 ,.' a '.�F y r�3 '.` � y 1M.,.. � � .�+'` i '.? Q �' Q �r�tO? .�' .. . .�. . ' .. .. � b.o m That stkie bost :intere'sts of°:all`pa? tie3 and all; o�' the ci'ti'zens '" , , , �y] Q;mio z 1`7 r ^ ' r ., y . , ,� �' ;• � t v c � ,. . , y . .7 � .. ', �-�: J y , �;3 a of,� Llie Czty.,�of L'ynv�ood r'ec�uire „,the `fu11 coopex ation oftiklandowners � �. � F-J,:� 6 1g . ..°-a t r 3 �' �. s � s., � r . � � srr '�, >� 7 a � s( i�;4 �k.. �- Y t� = U� , ,,�,; not on15 r in:� said, Distric�ts 1�O and 6, f"but� in the enl.ir,o,�City, to the,k; V . 19 , : s, ; � v , . , , .�- + ,, �R � �s.W r �:, ie a U v.ti b s a.�!ti a {'_ i �:. "" ' end��.tl�at a4:,soon as �he bonds i�i thes,e� Dist"ricts can y be'4retired,� a` , , } � �20 r , + , ,,^ r v . " � � ' _ F , ; �, ; . � � ' J tre�r�attoon Bo-rid's in oth - ; �` � �:' = pro�,r`am can' be� pusYied f orwJai d£o i etire� r . .� il 2i1 � i. .';�y ,y •� f ' J 9 �. n.+ x}�. e� n r a ' ; d Yni . .as i ... a Y ' : . � f° { ��°"! � r 'd• $ D1�9�tY'1C�S &S f'".�9t+:a�`d9 'Xt.��'1S po„sibl'e �to tJOT��"�OUj'. r '� . 9'L �: ..._` } .., r .( i ... a x :. �'r � ' h �a:' '.:� � �-. ,.c r l � ... . ,- � r ? , �.; �:' &Cl�U�'tll101'�tob8'�PJ2211 't�10 ��lJOrit�hO�:Cj@P,97 an�d �tn8'.��UT4p81 t'�fx OLJTIBY'9 ,x c, 1 ''r" • � t v5 , '` � 23 � ,�3» � -a z � L > ri _:��. vti." r L • � :t e �k 'V i xn��i�4v ��• a� r ' a '� � r w ��r 4 '�S- .�rl o-., '� m� � f / . L-�^s� �Fas�ed "and Adopted thi,s 16th� iiarch, � 1937 ,� C ��, ,' 4 "'. ..a� a .. ^-r , ...i 3 . a , ' � i r Zg � , � t, JL: '�^[k� �,-'�s . � . . � �= s '� .� y f �:4: �s a.� � + e H'� . * � 'i� P$`ar� �t : ( vfh�t��yW �.�� F .�� 4 a � ' � .a � } .:'.` b t. .0 t `. yM �� • ,4� 4- .�'' M �z -. � 1# x t ; h.�� � h .�� ��� ti. �� { x r26,� u.�. �'^' � i+�`�/,�'t�-`'c �/" . � r � ,rti ,� � � ��� �� ���� ��;��� �� �� �" � L � s' � ��� � � � � ����� � � �- � � h �,i . A? Y » t. �4� � � `a / y r 2s`��' }1 � N . � � d . f''`r,�t � �" ' ' 3 � f � Y .� f ,� � �� � . - : ,�,` r °��� �t' � � '°, . 7 � � ; , ,� F IYYUR , �,� r � q� f. ��,,. !. rJ � r .I� i � C { � �,i y � / �. � P ' iA. . � �. t : +. x . �g � � � �1. m t.. t n l+ TM n ) ] � r� . . � ! � � c" f> �� .�'�r�`•-5.cx"' 'a t r y :;' f� �� '�:.' 1 �'as> i� w. n�rr �' ' t 28 �' ;t"` + rF ^ �L�iF.�' r � � � < `� „x�.� ` ' F * .. , r. t 5, . � r�l 'b r u � �, � �� ,. . . 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