HomeMy Public PortalAbout609 (01-22-29)1 . .. :
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. - �tESOLU2�zorr rro. 6og � '
IN THE PnATTER OF ACQUISITIOI�T AND�IP+'iPROVENiEI�TT �
� DISTRICT N0: 16 OF TI� CITY OF. LI'N'vV00D, .C�1LIF. .
RESOLUTTOI�I .OF AINARD . '
� RESOLVED,` that the City' Council of the City of L7�!lr�ood, Cali-
fornia,_did iri open session on_the 22nd dzy of January, 1S29,.pub-_ .
licly-opeii and examine and•de'cl"are all seaTed proposals or'bids re-
• ceivec� for the. cor_struction of tYYe work or impro:vement clescribed
�in the P,esolution of Intention in.tho�above entitled matter adopt,ed''. '
on P2ay Sth, 1928, (wh3ch said Resolution o£ Int.ention is hereby re=
�, ferred to f`or a descriptiori of said ivork or improvement), and for
the purchase of immediate -possession�bonds of Acquisition and Im=
pro'vement District IJo. 16, of tl�.e, City,.of Lym^JOOd, �alifornia, dated
� - .January 2nd, 1929, in the aggregate principal amount of Ttventy-
four.Thousand �'''ive Hundred Ninety-Three Dollars.and-fbrty-one cents
: (.'��'24,593.41)', �the proceedin�s"`f`or":said +raork or iinprovement and for
the issuance of said bonds- being had ,an.d talien under �cquisition'
� and Impr.ovement t "ct.of.-1925, as.amended. _ .. - �
' - That to defray the..costs and expenses oP.�said-work or imprope- ,
ment, bonds v��ill'be issued'to`the�'total amount'of the same, except ,
that the suin of Three:Tliousand Five Hundred.Dollars (9�3,500.00). con=
, tributed by..th� County of Los�tingeles�.sha31 be deducted from said"-
total amount, and will b�e paidKto contractor hereinafter named
in cash,.the �ounty of;Los A�e prior to adoption of -.
, •said Resolution of�Intentibn a�reed to a part of t'r�e expenses
of the said�ivork or im�rouement,' wit: the sum of Tliree Thousand
i ,�_ . ...Five I�undr,ed: Dollars ( out .of its 'Goad Rorads .Fund, and..,_. . �
said sum having heretoYore beeri�paid to the treasurer of.the City, -
of Lyiidvood for'payment to said contractor. .Said.bonds Fvill be4r ,
•interest at the rate of severi per cent (7;�) per annurn, payable
,', semiannually,. the first� interes.t payment 'to be 'made on t11e. second
day of Janizary or the.secorid day of July,�(tvhichever month first
succeeds the date of the bonds), next succeeding or_e ye,ar, after the
� date o£ such bonds; and'the last installment of interest sizall be '
payable - at the maturity "o�' the"bonds. The aggregate principal of° .
all bonds•issued to de£ray the costs and expenses.of said work or
- improeement shall �be paid and dischar�ed wit;hin tt�reizty. (20) years '.
after tlie date of their issuarice,, appro�imately orie ei�hteenth .
(1/18th)•part'of such"aggregate priricipal,�o be pay annually all
in gold "coin, and the first payraent .on the" aggre�ate prir_cipal of
_� the said bonds.will-be made years::after the issuance ttiex°eof:
� That bonds im..the a�gregate principal amount of Ttventy,-four
TYiousand Five xundred Ninety-Three Dollars and'�fort,y-one cents .' ,
(.�24,593:41) of said Acquisition and I�provement vistrict No.�l6 of
the .Ci�t;y of LS*nwood, Cali�fornia, dated January 2nd,. T929, • have beeiZ •-
issued to obtain the.amounts necessary for the deposits required by .
the Superior � of tlie �tate of California in and for the County
"of Zos- �n�eles,, _in oi:der ;that irmnediate possessi and _use may__be;_
':had of the property:sought to be acquired in this.proceedin�, and . .
reference is hereby made to-i;he Resolution of Intention aforesaid
" f'or a desc`ription of said prope to be.acquirod. :Said'bonds,_ex-
cept as to'tiie inter.est rate thereof, are described in said Reso- .-,
lution of Intention and'Reso3utions of ttiis �ouncil adopted on .the
27th da,y of November; 1928, and the 11-th_day of Decembe 1928,' �,
. reference to whieh.said reso].utions and e,ach of them is hereb�T made �
£or a description of said bonas as, fully.and to the same extent As.
� tliough said, resolu'tions- were set £orth at lerigth herein. -' ,
That a special fund"for t,he payinent of said bo'nds, iizcludin�
bonds £or the vvork or improvement.arid for the�i.nmediate.possession
af`oresaid, will be constituted by,.the lev,y, of special assessrnent �
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taxes.upon.the lands v✓ithin`the assessinent district in i;he above
matter, according to the ass`essed value of said"lands,:exclusive of ' .
the improvements thereon,- and �in accordance"v��itYi the zor�es and per-
centages as set forth iri the Resolution oP Intention aPoresaid, .�
` , which said 1 �esoluti:on of ?ntention is hereby referred to for` a ..
: � description of said zories and percentages, . �•.
It is further i'ound' and deterniined that P. P. Janich is the '
To�.vest responsifile bidder for said work.or improveinent and.that the. _
�bid of �P: p. Janich for .said vrork or improvement is the lovvest '
- regular"bi�'Tc o�i` any responsible bidder; that P. P. Janich'is'the . .
b'esb. respoiisible -bidder -f'or .cash for said irrune i�a ,e — possession :bonds, � .
coizsideration h'avin� be�n •given. to fihe` rate of .interesT, a�, auhich .. -
' - said bonds aro_offered.to�be purchased; and.the' premium offered,
and that the said P. P. Janicn. did bid for said irrunediate,possession
� bonds the par v,alue of saici.7�onds.and.in addition theret,o the sum `
- of flne I�ndred �nc��:Dollare (;;101.00) premium'and-accrued interest '
' ar_d�i�? o�f'`�er o purchase said bon3s. at said'siun'o� ari intere's.t rate
of �se_u�e�n.�z�(.�7�a�)�� percent per. aru�um.. That' the combined bid of .said �
.� ' P,�P, a� n ch includin�.the bid S'or_ said u�ork or iiriprodement and for .
- s,ai�ed te posse;s.sion_.bonds is,the most advavtageous pid xe- -
ceived and said combined bid is to the advantage of tkie district in.'
. thE apove, entitled matter. ' ' -- . •'- '
, . That• tiZe bids of all other bidders i;han the aforesaid P:'P'.":
Janich for said'vvork of irnpr�cd'ement be "and t]ie same a: e here ��re- �'
� ected; that tY?e oicls , of al�l' other bidders:'thari� the 'said P'. P� -,,
aniclz for said i*_nraedi.ate, possession bond's be a+zd tlie sa?ne are.`hereby
re,7'ec�ed: Tnat the coritract for said ivork or _mprovement is ],iereby "-
a�varded to the said P.-P.'Janich at the prices named in hia bid,"�_: _. r
to-wi't:' . ' :
' I`i'�I N0. 1:. F'or- coi�struci;sng appro�imarely 116,£i20 square.
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.� feet.8 -'" 6�-8" cenent concrete pavet�ent.including e�ccavation ana 9
decomposeci granite sub-base in place complete incluc�ing-all.inei--, .
� � dent;�l tiyork, the siun oi ttiventy f'ive cents (.25 ) per �quare foot . "
'. ITEI�4�N0. 2: Por=cons ruc ing.approxima.ely 2127 square�feet_,
oiled maca3�n in place complete and includin� all�incid'ental..rvork,
the sLUn of tvaelve •cents per..square foot.. ., ' ,
ITEN3•i�I . or• cons ructing approximat.el� 3800.1ir_ear feet 6"-
10°-1S c�in�place complete, includixzg all incid`ental �vork; the
. sum of fi•f£y cents (..50) :per,,.linear .foot. ,'
ITEI�1 i0. . �cr. construc.ting approximatelg �12,400 sqizare faet
3�'". s1 ev�a t,in place - complete and� inbluding all: ir_cidental tiaorli the
� sum of fi£teen and two.tenths cents (.152)�per square.£oot, °
ITE� PI0..5., ,For t'urnishi?i� an p acing approxirnately 132n linear
. ',feet:8 vi server,.'in place complete and includirig all "
incidentaT iwork the sum of T�vouDollars (,�2.00) per linear foot. '
.. I'['EI45 N0. 6.' For- flarnish ng ar p•aceing approximately 947
. linear _e�e 6�"`F�ou'se connections, in place, complete and iricluding
all, incid'ental ��rork the_ st;tt% of pne Dolla'r ($�1.00) per linear: foot: ,
ITr.1Vi'N0. 7." Por.-constructing manholes, in place complete
,. and inclu�all incidental v�orlt, f,he sum of One Iiundrea Dollars �
(S p100.00) each. '. :
i That this City Council hereby sells said iiiunediate possessioi.
--' ��- bonds '-to-�P.' P.- Janicll.'at the raf,e of inter-es.t� of-_seven-.per�.cent_:(.7./) _.>�
. per anntun, �*rhic _ is hereby found to .be 1ess. than the maximtun rate
. named in •1;Yie: �os,olution o£ Intention - aforesaid and said rate of
� int;er'esi; is hereby f'ixed as t�.e rate of. interest for said imme'diate
possessio.n bonds;. at a,total sum of Twenty,Four Triousand Five �
Hundre'd 1 dinety Three and=41/100 Dollars.plizs a premium of Or_e �
Hundred-�ne Dollars an�,accrued :interest. . . � . �
• . That the 'j'r.easurer of the City o£ .Lyn�^�ood be aizd she is hereby
ordered and di'rected to use the proceeds af said bonds, insofar as -
, necessar�� to make tne.deposits required by the saifl Si.perior'Court: '.'
, The �ity Clerk of.the said City',of Lyrn^�ood, California,.'°is
hereby directed:to post conspicuousl,y and keep posted f'or_iiize (`5)
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, days at,.or near.the champer door of -this Cit,y_ in the manner �
and .form�requirecl by. said statue, a Notioe of A�vard o£ Coiztracti; ; ,
� • and the City �l'erli:is directed to cause to tie publis,ied by-two in-.
sertions"in the ne�vspaper•designated'.in the Resolution of Intention .
af.oresaid, a. idotice of Azvard of ,Con�rac � �
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• I hereby certify that the foregoing resolution �Ja� at a'r.egular
meeting,�of the City Courcil of.-Lyni�;ood,_passed and adopted this
� 22nd da�,of Janitiar5r,; 1929, by th'e follolvirig vote: '
' -. AYES: Trustees T�veedy, Skelton, Anderson; Greenamyer; pl!urray �
T10ES : - :I�Tone . • "
' nBSENT i 2done :
' _ , 5'1. VV'. Chapinan ` ,
" City . Clerli o, the itg' of ..
. Lymvood, California.-.
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