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HomeMy Public PortalAbout644 (06-25-29)^ , , . , . . ,, . . . - _ <. .. � ` . ,_ -. - ' :.- ��r- , ...- ..� . .. _ . .. ,� - . . .r . ,� ' .. , . ..' „ ... . . . ; .� .. .. :' ' r . �.. ., . . , . �_ . . .. . . .. . . ..; . : > . � . z. . .� . . . .. ". .. :. _. ' . _ . . . . :� .. -. . . • �,. : . .. : ., ._ . , .,.- .. .. - . . . .. . . . . ' +• . ' �,ti= , � � - . . . ' .. . . . .._ ... � � Y' I�i•.� . - . : , 2GsoLU2�zo�r �rzo s�4 . , - IN TH� P1II�TTER' OF'AC�^a,UTSIR'I011`:t�JD f IPi4PFtOVli[ITE�Ii ' DISTHIi;i -IdU'. T6:..OF THE.'CI`1'Y �OF LYfd+lOOD. . ' , . « . _ � �.� . . _ . �. . , . . . . , � . ��. t �,. , ���. . �- � � �' � � � : . ' 'tiVFiEI�EAS;,: the Cor_traci;or.'and.the Sitiperzritenclent oi' Nlork'�in the ` " �. , - , , . • . matter. of the �^rork`.arid improvement in•the a�ove �rieritioned. Acquisitl on �' ' and-,improvementtlli�trict'No..'16 of`.�he City of LynvJOOd heretofore a-- , on the llth day,.: of °Jtine; 1929, �duly -fiTed. v��i:th the C ity Clerk of � ° ° the, �ity of �S:ytitvood,-,Galifornia,_ a-,`t^rritten .clec3ar�tiion tha`t' the • ' - 'Y�ork :aiicl ir.iprovemexit; im said �cqu.isit,ion ,and :Impros�emer.t llistrict� No. :l6"had'been `'corzpl"eted' according to �tlie contract oii. file� the�re- " " •,-for, to�ether ��;�ith' a�i�Jrit �en.-stafiement ,of the ar;ousit due 'as of the' , :: ' ;.-`. � contr.act pr`ice, and also : ari itemize.d �st'ateinent `of �the incid.ental. :;. , °. 'expenses of: bhe -i�vork and_.improvemerit,; ancl of £he� pr-oceediilgs', and" � ar,ion� other tnirigs, the, tptal' sum for which. bonds 'of„ the district .� �, � are claimecl, by: the contraetor-; vahich �said dec3arat.ion �+ras .cluly ; verified by the .Co'ntractor' and :�by the •Supe `of� tiBork, as �' �. ° . required by;:law, 'a,1d _: - _ , � •'-�"JHEnEAS.,'� ��ity Couricil of'-the `said'City:i of:Lyni��ood, Ca_li= � `• _. : . fornia. did-on' the,.-llth, da of `Sizne° 1929 ' ado t a r,esolution `` .� �, � �T,., �. , 1� , , - fixing Tuesday, the; 2.5th d`ay.'oi. Juiie,' 1929,, at�'the liour 'of: 8:00 ;o�clock P:;.M:; of,'the�said';day, .as.'the::time for:the';pur.pose o£ <� . determinin�.vrhe or not tYie wor.k and improvement. sliould be � � accepted :as, Yiaviilg been. oompleted according to the contract, and �' �- � 'sssuedttolnthepcont.ractoreort:nismassi�noe;�rrepresenainshall be �- ` - � :i total . � ' : . , . . . . � ^' " cost..`of such.�nrork- and improyement,_:iriclusive" o£ t,he incidental ex== " `` , penses'ro£rtUe:,..vJOrk and impr-ovement., and,the •proceedings,.;.VVhich _is,' to be, char�ed to� and `paid: the c'oritract,or� .' , �"lIIE�EAS tYiereaf:ter-the'Clerk. of.�tYie'said City of Lyrnvood, ._ ' ," California; duly posted. anrl' published`�a�notice:.of "said� hearing in`- . . . �. . ,... . ._ . �' _. tl�e .manner .and form,' and �v.ithin the time` and for the'period :re �, :' `:' `. quired by-�lava;,•an�`,t,ha:t ten, (10) da5�s'have expired' since the .� . " - - d'ate of tne•f'irst ,puelication and,postirig "of sald,notice,,:`and .�:.. - : . .. :- . �. . . '. °, �'1JI�`HEt,S, ori .the 25th of �,June, ;1929, at_ the. tirne and� place . �"_S:n sa'id notice s:pecifi•ed: there,for, the CitJ Council":of. sa`id .�ity ;. -" .convcned-f`or the".purpose of hearing.any,,,protests �or'ob_ject:ions: t �'. the acceptance .,of said vrork or. `the aggregate anicunt for w�Lich bonds �. ., -.. shall be�issuec�;.. and. did�,at,`;said``-hear:ing; h,ear:any:.and all such- ;�' . ': or`objections: pr.e,se'nted' i'n tvritinb or oraTly.,: no"`pro- '' _ '' � .. tests having been mad'e'. - �'" � ` � Nf?EREAS, this"Citg'�ouncil is'of the:opiriion that the'vrork and � - . ... .:. . - . . , , - iiuprovement. specified_,to be dorie.,:has been completed,aiid per£ormed �` -� accord'ing'to 'tH'e'contract; iri a good•and su'astantial.manner;... , ;, , NOPJ;.� THERF'FORE,,,3E I2' RESOLVED by the City,Council of: �:ne =Ci:ty 4 - =W „�- of.',LSm��,00n, California J �� ' � . . . ` l.��That.. all matters aizd thing's :required;�by ^lavv- t;o�t�e'had and taken -ey. thi's City bouricil, .by �the' Contract_or, by the' Superintendenc :,' .: of ��rorY, .the Lngineer o£ Vdork 4arid °all o{iher persons required, by `1aw to' pextform- any aci,s in coiinection�•�uith -the sai:d. impr,ovement,. hav:e .. ". ` ,•been duly had� �nd taken iri the maiiner 'aiid f'orm� and.within .the t�me ( � r,e_4uired •:b� lavv. ; -. ; � -; � • ° . }. . �:"; `'°" 2,,That rio protes or ob�ect'ions�either oral or written, a�ainsi.'• .; "; � 'the acaeptance::'of, the said tvork-%arid' the- i;ssuance of the •boizds '' ,. . , _ . . _' . , . _, ,°_#,herefor ,in,.tlie �amount claimed b;*;:the : Contractor�; have, been flled:. , . , '� 3. �^that,- this City Counc.il �i�s'._of'•the; opinion and` does he� eby .- � find that the vvork has been'.�completed,and�performed'.aoc'ording i r the' contract "in a�ood and subs9;antial..rnai2ner, .and tliat the sat;ie : ;� ` ` . ' is liersby ,accepted., ` ,� : . .' : - , . , . , :. . .. . .. . . , , . . � ;' , • . ' ,_. ' . �� �_ •, . >.' , . . .. ' «4'i . . •. _ .' ' , , . . . . , . . , . . . . . - . ' . . . . . . - . ���� ' 4. That the�`amount of,Y,he contract'price.for the doing of ' sa5_d. vaork or imp specified :and pe'rf'orined is the aggre�ate , sum of ' Seven Thousr�nd Eight Hundred Dollars - � arid eight cents {�p37,825:U8): � 5.`-TYiat the a�ioun�.oP the incidental expenses.of the improve� , ; ment_and of• the pr.oceedings therefor; which is to be char�ed ' ' against and to.be paid by �he Contractor, is the.aggregate sum ': , .of Three, TYiousaizd Z'cao� iIundred Thirtg-'1'hree' Dollars. and nineiiy=t'our cents (�¢3;233.94). : - • . 6. 'i"hat the sum of Tliree Thoizsand Five ?3undred Dollars; ?iere- � tofore contributed�hy.the Courit� of Los Angeles;.is t'o.be:•paid,to ` �� the contractor iii cash. - • '' , 7. That the,,aggregat'e amount'i'or whiclv bonds .a.re to be „issued to iJOrth 1lmerican �ond and P?ortgage Company, Assi�;nee, of the Con- , tracto�,°;. is . the . aggregate; sum-of 7'hirty.Seven �!'hoiisaizd and. E'ive _ Hundred .Fifty-riine Dollars and t�vo cents (�?37,559.02)', ; � :-8. That, bon4s be issized_ hy the City Treasurer of the City of Lyntvood, in.accordance,vaith ;tHe.proyisions"of the ° Acquisit'ion ' and Improveznent �ct.of.1925";'.as amended, designat "Series B for tne:total.sum'of'' Thousand Pive Huridred Pifty-Nine " Dolla'rs and two cents (�p37,559.02) and delivered by said-Treasurer " • ; to said :"ssigne�,; and,` furtYier; 'tha,t 'the sum of 2'hree Thousand _.' Five �iundred Dollars (�;3,500.00) be.paid to said Assignee.in cash� said bonds arid casn to-be�flelivered only wheri the Contractor or-- - :his said Assi�nee;.;shall have.�.paid,to the Treasurer.of the City: of „_ ` Lyn�vood all incidental expenses�'relative to the proceedings for - the improvement v�hich have,not-been formerly paid. �' 9. Th?t`all oi'i;he bonds ericept•,the last, shall be in even',' multiples. of' one hundred" dollars. Tkie last installment shall be ' for the balance of_the total principal.amount not.provided to oe paid in.preyious 3nstallments. - ' ' ..;. .._ � .....;,,..10.„,T11at_the said.bonds .shall..bear interest at..tkie rate.._of. ., . . .seven'percent'(7�).per annum, payable sem'i-annually, the.first � interear, payment to be made on the secoiid (2nd) day 'of July,'1930; � and the last ir_stallment of interest shall be'.payable at the maturity of the�bonds;'and the'ag�regate principal of all of said" bonds� to be paid.`and"discharged v��ithin ttyenty (20)'•years.after' , the date of issuuizce, one'eighteenth (1/18th) part of :.:such aggregate principal..to pe payable annually, all� in gold coi'r�, ' and the first payrr!ent on the.aggregate principal�of.the bonds. . '�issued shaTl bo made three�(3) years after the-issuance thereof. ' ' 11. That the bonds to�be issued,.by,-the City�Treasurer of said �� ' City ,of 'Lynwood iiz the. above entitled. mat,ter, sliall be dated June .. �, 25th, 1929,; and sha11 in substance,be.tlze.form as provided in . Seci:ion:.39 of said "Acquisition and Improvement �ct of 1925"'. 12.� That, izpo the ,expiratiom of .tvdentg (20) days from the mak,ing.o£ this final order; the Clerk of said �ity Coizncil,shall • transmit to'the �ity'Treasurer of.said City of Lynl�rood an atteated � .� , copy of.tl2is resolution and order:" . �. ' AT-TEST: , . - H. P,T. It�Iizrray � hiayor of' tiie . Ci y o L"ynyvoo , , ` ,. lV. '�: Chabman' ' ' . --- - - : --. Ca3ifornia � :..� _ _ __. . . - . ._ �_ _ - ---° °> --- - - _ __ � City �lerk of i�Te �ity�- , Lynwood; california._ ' ' i'his is:',to oertifJ that the above and foregoing resolutioh c✓as adopted at•'a rebular meeting of the Cit,T Council of,the City of Lym�+ood',` �alifornia, held:on the. 25th day of �une, •1929; b,y the , ':foT•1'ot�Jing vote: ' AYES: . Counc.ilmen '1'i�reedy;, Skelton, :�nderson, Le�^ris� Murray `. ... : NOES:` None - .. . AI3$ENT e None. . :. , , . ,. : ' _ • . '. .. . . CJ. 4'l. 'Chapman_ , • ' City ler - of the ity of yntvood, ' � � ,-.. Califorriia, and ex-officio Clerk a.. ;_ � s-.- _ of.th'e City.Council..of said C�ty:' . .' _'. . .°. ' ' , . -