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Home My Public Portal About633 (06-04-29). .. . . , . . . , ,. . . , , ..._. ., ,.. . . . � �,.' .. .. . ' ` �... .. . .� '.. ' A.. . . ' .. .. ♦ . . . �. : . . � ' �. - i y . - � . . � .:. � " � . � .-. . � . . ' ... ' � . �� . • .� . . . . .. . . . . '. a • J �...� . �� Y � ., ' • '�. • � � •. ' ...�� . . . ... � . . ��'�� . � ' . . .; . , ` . � .. ' , ' � � . T?i]SOLU7'IOTv„!30. 633' , , ' IlF- 2'l� MATTEl�"�E' AC�i7ISITIQIS AND I�Jl1?ROV.+NIEN,T; - . , DI�TitIC!P fi10: •25. OP' Tr'� CIlY 0� .F�YN"v'JQOJ, Ct1I�.. . ' � I2�SOI�UTIOI�T FASSI?'dG UI'OST r�OTESTS AP� OBJEQTIOIJS � T(� T_'��TE; ISSL79I?C:E OF' BOYJDS �T0 C�BT�:IIJ`I1�ll1�IEDI9TE ' :� - .. aOSS�SSIO1�,� l7RDFR I�'0� Tn`E I5SUAitiC�, QE SiTCH .BCIi�DS ... -- ' IN T�T.�+', 'FNIOUII�T. GF "�19 , 702.99 , �?t�FIXIIIG "TIPi�Ii 1'OR , � � � , � REC.EIVII�TG. BIDS � �012 �2`HL 't`?0'�K AIV� ID�iP"!?OVEF�IGIVT � IIJ � TF.�h� ABQJ<.� Id�l."1'F�n AT?� RF;�?TJTXiTAir 'i3T7??k,R'S"FQ?? R'�IF . ''. � � ��' , �� .' a70R� OR IISIPR�OV:El4i)�I�i �TO II�TC�UD�; �I11.Tr3i+.IR, BIDS� A �. � ` �� . ' • ,:-.• , -. _3ID POi2 SAI� Ii;t�,I�DIATt� POSS�SSION bQIJllS. ` � .. -. , .: - '., � , e h'our .and place .and in the manner ; set Tor.th ` '. ". 4'lI�� :Ab at i.h �� in t7ie, noi:ice of hear:ing npon the issuance of bonds'.to:obtain � immed.iate.possession, in the apove_e'ntztl'ecl:.matter, and in the ` - manner set forth in the,Acquisition arid..Impro�.ement r'lct_ of 1925; as rimended, and j�ursuant to tYie published*notice of said hearirig, '. '' a fu11 and fair opportunity ��as accorded , to a11 persone oti�rning. •: land vrithin the assessment district.,izti the�above entitled:,matter� ,, - .. ` - or othe"r?�rise interested and feeling aggrievei�`by ang,act or ' ' determination rA2d, or, taken .in the p'roceedin�s aforesaicl, �or •. � "- '`claiining .th�,t any of the previoiis �acts, determinations_ or pro- �" ceedings are irregular, defective; err,oneous or faulty, or ., ° any objeetions to"offer or-xany'reason to advanc,e cahy bonds should � not be issued and soId in tYie amount and for the purpose set, " .' �' £orth tihe° pub�ished °notice=, •of•-said hear to tkrhich � • pul�lished notice'_is �e�reby mad'e .£ull• de`seription of s�id • ^ : .: matters, arid � , ' : r ` �. " � . . .. w . ; „ 6VI��R�AS,, no }?rotests,o-r �o'�jeetions, oial`, have been made tio the seid,matters;,'�nd. ', -, •�. : �BH�R.h;AS, an .opportunity has been ,�iven to, all..sucli persons, - • � desiring to be�heard so�to be.heard, and a. fair ' ;and iir.p�rtial hearing upon� �the entire matter'has been'had,, . �� T10t� TI�EI�ET'U>�Z'i�, "be i� rZESOZVED by .the s�iid. City Council of the • .` ', ' Ci'ty-• of "Lynwood a�nd it is h"ereby determined., an.d o�,der.ed as ; fqlloi�s: - l'. It�is�here.bST foLi�d that tlie 'esolution of Intenl.ion in� � P.cr and I�ap-rovei�ent,'�istzict'_.Yda.. 25- of the tJity` of L3n��ood ' nas'�een�actually published as 3n the Acquisition•and Srnprovement,. , ' Act o1,3925,� as a��ended,- provided; and that this`legislative body •�` ' h€�s orde the acqiiisi'tions to �be'made and�;that� this ,legisla�tive .. body has by resolution. d.etermine� ;th�.ti ,t�e piibl�i,c; interes'�; �: ., necessity and con�ietsiei�ce demand end' re,quire �hat the City of � " Zync�rood ta'�ce iir.ni�diate possession an�l �ise ,of.'all -.t1i,e property ' sought to be.candsnined. by these�proceedzn5s: ' ,`�, Thz�t no protests. or objections,� in =;iiting, ha�*e been , _. �- filed,-and no ocai obje.etions anc� protests in tnis n:atter have been m�,de"6y'' the follota!iilg persons ortning lands Uvi•thin- th'e saici' � ..'�cquisi.tion and Im�rov�ment Aistric �.�do. 25, or ol;her�7ise inter- � ested'or-feeling a�grie�ed by any act or. determins�tion•taken or � had ixi the proce°dings �Foresaid, or claimir_g that any,o`i tihe previou.s �wcts, or c�etez�minaticns,or proceedirzgs are irregular, .. defective:,''`e or �aulty, o hatting• �ny objections to' � offer or.a,ny xeas,on to� ad.vanee �thy, bonds should. not be issued_ .. . and. so].d iri .the 'amount of rslneteen Th'ousand aeven- I3undred. `i'v10 . � �and 99�100 �ollars ( �'p19; 702 °9 )-_ zo.r tY!e pnrpose of • obta'ining "the , ` amount"or a:mounts.:reqizired by t}ie Couit in.order.,that. immedi?te._ �osses,si"on �,nd use,:of the. puulic �:aays; property or right� of �Ra.y soizght,to be acquired'under the proceedings'in the'aboue'rr.at;ter ` may be' had: , : . -- ., . - , ,�,. . . .. �� . . 'U 3. That this City Council has poa�rer �nd. ju•risdic,tion to proceed i❑ the above entitled r.�a�ter and apecifially that this Council has at tPiis time po�•rer snd jurisdiction to order taat �bonds be issued and.sold to raise �unds vo obtQin an Ord.er for ` immediate possession. . 4. It is hereoy orclored that bonds of Acqnisition and Im- � prove*r.ent District Pto. 25 of the City of �yn�•�ood. be .issued in the ansount o£ 3�Iineteen 9'housand Setren Fiundred Tv�o and 59�100 (;�19,702.99) DolL rs, unde and pursuar.+ to.the �cquisition a�1d Improvement Act oz 1925, as 2.rnended; that said bonds shall be dated June 4th,,.1929 and shall.be in tne aggreQate.nrincipal sum of IJineteen Thousand Seven Ht�ndred Tr•;o and 99�100 (?�19,702.99) Dollars, to be }�aid �,nd disciiarged vuithin twenty=five (25) yea Fiom the da�e thereof, to-ti�it: In teaenty-trro (22) s�nnttal in- � stallrnents, namely: T��enty-one (21) installmonts of i?ine Hundred (,?�900.Op) Dollars eaeh, payable as:�folloc�s: Sdine HundrEd. (•�p900.00) Dollars on tne fo�arth dag of Ju.ne in each of the y=ears 1933 to 195.3, b,oi.h inclusive, and one (1) installment of Eight Hundrecl Trro and. 99�100 (�"80`L,99) Dollare, to be payable on tne fourth day ^of June, 1954. �.Said bonds shall bear at the rate of not to exceed eight.(8)�per cent per annum, the exact ra.te of • inte•rest to be hereafter deteru�ined upon the sale of said bonds, � said interest to be payable semi-annually on t.ne 2nd. day of January.and th� 2nd day of July of each year, exceptirg.that the first interest payment shall be ma,de on the 2nd day oF Ju1y, 1930, and the last installment of interest shall be payable at the maturity of the said bonds. 'rli� principal and. interest 'on the said bonds shall .be �a;�ble i>n g coin at- the of�ice of the Treasurer of the,�ity of Zynrrood; and said bonds shall he si�ned. by the Txeasurer of the-se-id•City and.shall have the seal of the, sai3 City thereto affixed. The interest coupons attached to the said bonds sh�.11 be in such form as the City Treasurer sha11 . determine and the signature of said 7.`reasurer on said interest couporis shall be an engraved facsimile signature.' Said bonds shall be designated: "9cquisition �nd Improvement District Bond. �equisition and Ir��p District I�TO. 26 of the City of Lynv7ood, ,State o� Cali£orni�. ;�_ , Bond IJo. �, . Series "A" �nd the said bonds shall be in the forrn prescribed by the �tcquisition and Improveraent tict of 1925, as an:encled., �vitn the blanks =illed in and,�x�ith variations as provided. 5. It is ordered that the Clerk of this City Couricil shaTl tra,nsmit to the `Preasurer of tne City o£ Zymrrood an attested copy of this order and that bonds shall be iss�ied in said amount and.'in the form and n:�nner provided in Acquieition and Imp ment Act of 1925, as amended. � � " 6. I1; is hereby foun.d- that th2 public in.terest, convenience . and necessity demand and recruire and it is the intention of the � •City Council of tae City of Lynmood to require the bidders sub- mitting bids �or performin� the - r�ork and improcement in the above entitled matter to purehase the bonds to be issued to cover the costs of imiiieaiate possession of the property sought. . to be acquired, to-�ait: `1'he bonds aforesaid, and to inelude in their bid :for the improvement a bid for said botids ��hich shall not be for less than par as defined by said Act and it is hereby ordered tha:t the determination of this'Cit� Cou'ncil as evideneed by Section 7 of i�s resolution Ido. 620, entitled "�2esolution- Ord.ering Acquisitions and Impro�ement", adopted R?arch 12, 1929, (reference to which said.resolution.ordering acquisitions and improver�ents in tne above eni:itled matter is hereb'y made for grea.t'er cei•tainty) fixing the hour of eight ( E3:00) o' clock P. 'dvI. of the £irst regular meeting day of this City Council after the axpiration of Tifteen (15) days follo*.ving the 'signing of the J .- 0 On motion the foregoing resolu�tion was adopted by the follo��ring vote, to-wit:, . , . decree or order entitling tne Cit;� o£ Lynn�ood, the plaintif£, in the conder�nation action in the said ??esolution"ordered to be institute'd to possession and use of the"property sought to be acquired in.the said aeti:on (being the property sought to be acquired in the matter of Acquisition and Improyement District ATO: 25 of the City of I,ynrrood) as the time for receiving bids for the doing of said �ork and improvements orciered in,said resoiution ldo, 620 be, and the same is, hereby revoked'.and rescinded. 7, That the tir�e and place for receiving bids for said �rork and improver.�ent'be, and the same is, hereby refixed and that the eighteenth (lE3thO day of June, 1929, at the hour of eight (8:00) o'clock P. PR., be, and the sar.:e is, hereby figed as the time end the Council Cham_bers in the City of Lynrrood, County of Los Angeles, State of Califo be, and the same is, hereby fixed as the place for receiving bids f.or doing the work and improvement describe,d in the wesolution of Intention in the above entitled mat�er, which Re�olution of In.tention is here6y re�erred to for a description o£ the rrork and improvement to be done and further that the bidders rrho submit oids ior doing the v�ork or improvement be requi�red to�purohase the bonds to be issued to cover,the cost of iamediate possession as aforesaid, and to iriclude in the bid for the vrork and improvement a bid for said bonds, vrhich-shall not be ior less than par. • 8. That the Clerk of this City Council be and he is he instructed to give notice inviting bids for the doing of the lvork and,improven:ent described in the �jesolution.of Intention in the above entitled matter, anci that the Clerk is nereby instructed. to give.notice that the bidders ^rho submit bids for performing eaid tvork�and improvement shall include in their bid for the vrork and improverr.en�L a bid for said imr.:ediate possession bonds �vhich shall riot be for less than par. 3aid notice shall staLe the total par �value oi such boizds �.nd that the same sh�ll bear interest at .• a rate not egceeding eicht (8) per cent per annum, and that the 'r�te of interest at �vhich this City Council �rill sell the said bonds arill be fixed at tne sale thereof to the successful bidder and shall thereupon be fixed as the rate o= interest thereof. That said Clerk ehall also include in said notice a statement that �the work or improvement is to be'done under the provisions of Acquisition and Improvement Act o£ 1925, as amended, and. according to the plans and specifications on file therefore, and that for the doing� of . the crork o improvement, bonds *.�rill be issued,under the terms and provisions of said Act, ae amended. Said improve- ment bonds �ill bear interest at the rate of seven (7) per cent per annum. . Said notice shall direet attention:to the terins and provi- sions of tne Resolution of Intention in tne above entitled matter and the otlier proceedin�qs therein on file in the of�ice of said �lerk for a description of tre Asaessment District, the zones into cvhich the same is. divided, the further description o� the Y�onds,"�and all other details and also to -the te-rn:e- of §aid Act and.said matters shall bg reference be made a nart of saicl no�ice. � ,. Said notice shall,,also pr`ovid.e that the bidder sitiall furnish the check or bid bond required bv the terms and provisions of the Acqui5ition and Improvement.�ct of 1925, as amended. Shid.notice sliall�be given in'th"e manner for the time set f rth in said last.mentioned Act. . : .. � ' , - � .. :,: � AYES: Councilmen T3eedy, Anderson, Lewis, Iviurray IdOES: None ; , . ' ` ABS�STT: Councilman Skelton , I hereby certify that the foregoing resolution �uas adopted by the City Couneil of the Cit;� of Zyn�ood,at an adjourned regular meeting held on the 4th day of June, 1929, by the vote sooce indicated. � H. P�I. Aqurray � �.4ayor of.the City o£ Zynwood. AT^1FST: l9. 4'1. Chapm_an City C1erY., City o£ Lyn^�ood. - I . , �