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HomeMy Public PortalAbout601 (01-02-29)`` ,. . n:�w . RESOLU7'IOT`v TdO. 601 ; . � `IN .'PHE Tv"iA'PTFk `:OF �ACRUISSTIOI3 AND Ii�PftOVEMF�NT � i�ISTRI'CT id0.. 16, LYi�Te�1.GOD; CALIF'OkiiTIA �_ � � RESOI�UTTON PdiSS1NG UI?QDl 1�ROT�S'i'S'rI1�1 Or,JEC`i'IO1VS � 10 _ ' THE ISSUAPTCE OF BONDS 'i'0� OBTAIT,�: II��iEllIA`PE POSSESSIOiV, GFtD�R FOR Tli� ISSUA'r�CE OF SUCH BOil�DS I� TfIE I�NiOUidT Of� �24, 593.41,' 1'tEFIXII�'G TIME rOR RECEIV�PIG 73IDS I'OR' .' � -. TFIP�, i"JORIS �;TdL` I?'eiPI�'.OVt�`2.t4ENT'-Itd `i`HE A$OV� laAT`PER :kr�D. RE- -- - ' QUIF.IiJG BIDDBRS P0�''PH� i�013K OR IPr:PftOVETvT.EP3T� 10 IN- • � � - CL`JDE IN Z'�3EIR ,BIDS A. BTD POR SliID ISu1P1I-EDIATE POSSESSIOPT BOiQDS . " • ' , 'V.�IIEREAS, ai; the hour ancl place and in i;he-tnanner set forth in �. the notice of:'.hearinQ upon tne issuance of boncls` t;o ok�tain irrune- ' 'diate possession in the above.entit;led mat;ter, aiid in tne mantier , , set 'fori:h in the Acquis,ition .and Improvemerit �ct of 1925, as � � , `amendecl, and pursuant tio tho, pub3ished nof,ic'e of sai`d hearing; a' full and fai: opportuni.ty wa's accorded to all persons ownin� land raithin the assessmer_t, district in •t;he :above entitled rnai;ter or - � ' other�.vise interested and !'eel�ing aggrieved by any act or 'deter2nina'- tion Yiad or taken in the proceedings aforesaid, or claiming that . any of the.previous act;'s; determinations or'proceedings are i.'rre- ' `gular; defeci;ive, errorieous or .faulty, or having anp oUjeci;ions to� ofPer or ariy reason'to advarice rvhy bonds shoula not Ue issued and . .so].d iri the' amount ari�l'sor tYie .purpose s'et f'orth.,iri the puk�lislled ; notiee of'saici hea�ing,_reference to ivhicn published noi;ice is ,.' . hereb;� made for the Yull,ciescription of, said matters, and, i+.=wkTr,:�y"` .. : �-. �.. ...._ . _ .... . ,. � , .' . . .,. , .. . . . . ' �.. . . , '_.. � . `......... . . �rtHE�ExS; four prote'st or object�ons, t�rritten or-oral, have eeen made_to the said matters, and ' .• . . � ' . . . { : - . . . '1�HFi3EAS, an opportuiiity�has-'been given to all subh persons de- sirin�' to Ue Leard thereon so to .be neard, and a"full, fair "and impartial -hearing upori the esii:ire, nia�tcr liae been liad� and all oi'�� �' the protests nave been carefully_considered. � . • � `.NO'vN i'HLl?EI�'OkE, be it RESOL'JFD by the said Cit;,y Council of' t1?e �. ` Cit�y `of Lyxi�+iood ancl it is hereb,y determined and ord�red as foTlovrs: 1. . It is, hereb;� t'ound_tnut �ho Resolui,ion of Intention.in . Acquisii:ion and ImprovemenL Uistrict i�To. 16 of.th.e City Lyntvood . }ias laeen actually publiahed'as in i;he'Xcquisition and Improvement- Act of' 1925,. as amen&ed and 'tnat-this legislative, body, �ias ordered t,he:acquisitions-to be made and_that this legislative - body has b,y resolution determined.that the public interest, necessii;y � and convenience demand.a�d require thai; the Cit,y of �5mwood t�lie "' iinmediate possession and.use bf' all the property soughi; to be con- demned by�these proceeclin�s: 2.'TYiat four.protests or'objections, in writing, have,been ° ' � '� `filed'and'orie feur protestant's`5uade`oraS ohjection and`pro-" . test 'in this matter have been nade by the follovring.persons ovrning lands v✓itYiin the said Acpuisiti_on`.and rraproyerrient Uistrict I�o. T6, or othervJise ir_terest,ed or feeling a�grieved by ar_y act or deter- mination taker_ or nad in the proce ai'oresa�.d, or claimin�. {;hat ang of,the previous acts; or'determinatioi�s or'proceedings_are , 3rregular,,dePeci;i*�e., erroneous or faulf:y, or having. any.ol�ject,ioris t"o offer or any reason to.advance r✓hy ponds shou.ld not be issued and s'old in the amount of Tv�enty-f'our `?'housnnd Five .Hundned Aiinety- inree arid 41�i00 (.�;24y593.�1) Dollars For the pizrpose of obtairing ,' the amount or a�nounts i:e'quised by: the .`Cour1; in. order �t.�iat inunediate ' . possession and use of.the public tivays, property or rights.of'vJay sought to..be 4cquired.under tne p'roceedings in tne..above�matter may • . , 5 ' . . . _ / ' _ . . a . . , .,. .. .. .;.. . ._..._ .. . . � , -... . , . .,.. �. ; . • , . . , � . , � . . ... - �' -'` .. . ... '. - � , . . ..�, . . � , . 1 ' . ;_ � , . � . .-. � . . ' �. . � . _ . .. � � 4.:.,.. .,._ � '•�_ � .. . .. . �. > . L -'-' � ' . � be had, to-�rrit: written protests by Llzcian Spratt, CatYierine Cono- ver and J. T. Conover (jointl�); T. �. Bray; Louis Seviontek and - Cons'tance Seviontek (jointiy) and an oral protest by Louis Seviontel: and said protests and.each of them are hereby,overruled,and denied. � 3. 'i'h.at this. Council l�as pot°�er and ju� isdiction to proceed in the above entii:led matter and specifically that this'Couneil�has„at this ti:r,ie po.ven' and, jurisdiction, t,o order that .honds be. is and . sold ta:raise-funds to obtain an°ord.er f.'or_immediate�posse,ssior.- :4.•It is hereby or.ciered.that bonds of AcquisiCion and Improve- ment. �i"strict .�o. 16 of the �ity oS LysiLVOOd, be issued in the amourit ^ . of TwentST-four..:l'housand,:riue,.Tiundred �;, - (�t�p24;593.41) Dollars, .under and�,ir�:pursuance`of, the I�equisition.and Iinproversent E'ci: of 1925 arnended;.�that:.sai-d Uo��ds snall.be dated� Sanuarv 2nd� 1929, and Ue in i;he a��;re�ate plincipal.'sum o� rt„ Ttiventy,-i;our lnousand Five;_Hundr.ed.,l�iinety-;three;;2,nd�•41•�1Q0 .(i�24,.59.3.41) Dollars; i;orbe;paid.and discha'rged .wi�t;Yiin tiventy (20);:-,y�ars, date�tYie'reof,. to ��+it:.:•in eighteen �(•18) ,arinual• �ins;t.allments nameiy; s.e.vente.en (17) insi;allments oi' One 2'housanua.Four._Hundr.ed.(��;1,�40.0,�) Dollars.each, p�.ya7�le-as'follows: One.�T'nousand`r�our Hundred.: ,. (�p1;400:00') Dollars on�the ?.nd day of.;,Januar, 1932, ar_d a,like _ainount on eac?r succee.din��Junuary.2nd;;.,to and=incluclz�ng�.ish� ?nd,::day•;of._ , Sanuary;. 1J48; "�and one?.installme�zt, being:,the last �instalTment, of Seven ?�unclred ?`�.inetg-tYLree.. and_41/100•. (>y�793:41); SDo].lars, to �be , pagable .on the 2nd��dagrof Januar.y�1949: ,�.�aid_z;oozids,� sha11'bear ini;erest at the rate o�' not t;o exceed ei�Yrt (S) perce�zt per aru�ura, tne exact . rate o% interest i:o�be herea£tez_determined upon:,the sale�of said �oi�r�s';:= said intesest �to be'payabl'e ses�ii-annually.?on: the `2nd day of JAnuary and�the 2nd`da,y �of 3uly'of.each year; -excepting"�tliat the first iiltenest pa,y:nent shall'"be riiade�:on�'`blze^2nd°daf of.�July, 1930, - and:•the last .installment of interes't� shall,'be 'paya:bl'e:•at the matu'rity of-.i;he sa:Lcl bonds. 'Pl�e•p'rincipal•and iPiterest on the said bonds `°""""' "-', `sYiall• be �payable..in_gold_coin,at�the. office. of.the..Tr.easur.er._.ofl the ', City o�'-L;mvvood, and said bonds.shall•be sigred by the Treasurer of ;,he said: C.i,ty and.•si1a11'.� iiave� the �eal of st�ie � said City�.tliereto •�� affixed. . The interest .coupons attached t,o the said bor�cis �ehall in suc°n f.or�n as the..:City' Treasurer ..snal7:.�determine. -and the �signature of said'��l'-r.easurer-on"•.said°inter.est c"ouporis^:shall�:be�an'en�raved fac- simile'.�s'ignature. �- Said�.bonds sYiall- be- designaii'ed': _"�cquisition and Improveuierit District--Borid:'• Acquisition� anfl}I�npro"vement•District� No. 16 of the City of Lyni�vood; State o£ 'California. � •' � }3ond No. � ;• Series A" arid tiie said`boride -shall be in t e� forin prescri e y t�ie t�cquisition and Iinprovement fict of.1925; as _ amended, ti^iith tlie .bTanlcs fil.led in. arid �i-ith•variatioris as -provid`e'd; - .5. . .It is order'ed •t,ha�t �tne C1erk of• this -City ��Couricil sliall ' t;ransmit to�`the•Treasu'rer �of.:ths,�i-ty'of:'Lfn�yood'an attested copy ` of thi:s order _arid �tYfat bonds� :shal`l be issued `iri said amoiznt and in'• .the• form and man?aer. provided �iri Aoquisition and Improverient -ACt of 1925, as amend`ed. : � . .. , " , . . ,- ' '' ' s, 6: St is hereby:fourid�that the public interest;,converilerice�"• ; and nece�ssity demand and'require and it is the intention of the City I � . Counci� '_of .the•.C�ty o_f Lyri�vood to �require tne bidders � subinitting - ; bids for:performing the �vork and improvemcnt in=the' above 'entitled ;-._ . matter--to� pur-chase t7ie 'bond's to'�be 'i'ssued •i;o cover "t,lie� co�te' of -` -.- - t imiuediate possession:of"tHe property sought to be acquired, to-�vit: , the bonds aforesaid, and to include`in their bid for the�irnprovement a:bid for.-sasd� bonds s��hich� snall -not `be+-for �less than par `and �it'is hereby ordered that the determ'snation of tl�is City Council as evi-. �' ' denced�by Seotion 7 of- its resoltiztion,'i�To: 513, entitleci "Resolution Qrderin�. �Acquisii:ions ax�d Improvement", ' adopted i�lay �£3th, 1928, (referenoe to W�'!1CY1 said resolution orderin� acqui:si{;ions and im- i provements in.the above entitled ma�Eter iS lzereby made for greater certainty)• fir.i:ng the� hour of �el�ht (8:00) o'clocli P. ?vi. oi the first � Pegular meetirig day' of'� tHis City Qouncil after t;he' expiration of '"- " � fifteen (.15)'days follov�ing the si�ning of t;he decree of order en- ` �_,. .'t'ifiling the -�ity of" Lyn�:�ood, the ;plainti:Cf, in the condemnation � �� .,x ..< -. . . �..:�_ . aci;ion in t,he said resolution ordered to be instituted to possession and use of the property sougnt to be acquired in the said action (being the property songht to be acquired in the matter of Acqui-, sition and lmprovement District I1o. 16 of the City of Lynwood) as the time for.receivin� bids for the doing o#' said work and improve- ments ordered in �aid resolution 1�'0. 513 be, and the same is, hereby revoked and rescinded. 7. That the time and place for receiving bids for said i:�ork and improvement be, and the same is, hereby refixed and that the twenty-second (22) da;� of January, 1929, at the hour of eight (8:00) o'clock P.�i'�i., be;-and�the same is hereby fixed as the time and the Council �hambers in the City-of Lynwood, County of Los Angeles, State of �alifornia, be, and the same is, hereby fixed as the place £or.receivin� bids Y'or doing the rrork and improvement.described in the Hesolution of Iniention in the above entitled matter, rvhich Resolub4onr.of •Intention is hereby referred to for a descript.ion of the•vrork .and':improveir.e to be done and further that the bidders who submit�bids for doing the vvork or im��rovement be required to purchase tlie bonds to be issued to cover the cost of imrnediate possession as af'oresaid, and to include in the bid for the work and improvement a bid for said bonds, which shall not be f'or less than par. 8. 'Phat the Clerk of tais Citf Council be and he is hereby instructed to give notice inviting bids for the doing o£ the work and improvemer_t described in the Hesolution of Ir.tention in the above entitled matter, and that the Clerk is hereby instructed to give notice that tYie bidders �rho submit bids for peiforming eaid ���ork and improvement shall include in their bid for the work and improvement a bid for said immediate possession bonds which sha11 not be f'or less than par. SAid notice shall state the total par value of such bonds and that the sane shall bear interest at a rate ==--'°"'�"`-no't exceeding eight (8) per cent per annum, and that the- rate of interest at which this City Council �vill sell the said bonds vaill be fixed at the sale thereof to the successful bidder and shall thereupon be fixed as the rate of interest thereof. That said Clerk shall also incIude in said notice a statement that the V�ork or improvement is to be done under the provisions of Acquisition and Improvement kct oP 1925, as amended, and according to the plans and specifications on file therefore, and that £or the doin� of the work or improvement, bonds will be issued under the terms and provisions of said �ct, as amended, less the sum of 'Phree Thousand Five Hundred (�3,500.00) Dollars, advanced by the County of Los Angeles out of its "Good Roads F1znd", vrhich said swn of 'Phree Thou- sand Five I�undred (�3,500.00) Dollars will be paid in cash and shall be deducted from the amount of improvement bonds to be issued. Said improvement bonds vrill bear interest at the rate of seven (7) per cent per annum. Said notice shall direct attention to the terms and provisions of the 13 esolution of =ntention in the above entitled matter and the other. proceedings tnerein on file in the office of.' said Clerk- for a description of the �ssessment District, tiie zones into which the same is divided, the further description oY' the bonds, and all -- - other details,-and also to the terms-of said Act and-said-matters-------- shall by reference be made a part of said notice. Said notice shall also provide that the bidder shall furnish the check or bid bond reauired by the terms and provisions of the Acquisition and Improvement Act of 1925, as amended. Said notice shall be given in the manner and for the time set forth in said last :nentioned Act. On motion, the £oregoing resolution was adopted by the follovJ-`. ing vote, to-wit� AYES: Trustees Tweedy, Skelton, Anderson, �iurray. rTOE�,. DTone ABSENT: Trustees Greei�amyer o� . � � . . . . . ' . - . .. i . . . .. . ' . , . . . ' . � . . . • I liereby.certify that the foregoing rosolut'ion lvas adopted � � by the cit;� �ouncil of 'the �ity of Lynviood at ar_'•adjourned .regu:lar � mee'ting held oii the 2nd day of. Januar 1929, 'by the vote •above indicated. . . � � . .- ' II. P�4`. E4urra,y . . : � ` _ , I�Iagor oY �he . i y o . , , . . , ., . , .., �. .California.. . , . . ATTEST: � _..... ... . . . ..: . ^__ _,_-_:�. _._�_. ....,. __.�.._.,.__.... ' ���':, _ . y Vl,Y Cha�man . : �� � � _ . Cler of the•�ity of Zynzvood; Cali£ornia:` . ; ` ` , - ' . , . . . _ i - . . , . . . • . . �' . . � .' .. ... . . . _ ,. , ' M � � . ^. ' �' A . " _ ! .. ` . . � ' , a . . . . � . . .. : � . .. ... � • ' ' .t.. �. ' .. . , . . � � . . - . . . . . . . �. � ,. . .. . . . . . . � � , . . . . . .. . . . . . ' . . - � . .- . . . . � .. < . . . . . . . . . ... . . . . , .. . . � . . . . . . ,: � . -, . . . . , � . ' . - i ) - " " . • � . `� .. .. . � . . ' ' ' . . .. ' . - . � . � ' ' . . . - .. . . . . ' .. -!` ' . . _ . . , ' , - ' . � - _ ' y . . . . . . ♦ � . . � . . . . . • . .