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Home My Public Portal About670 (10-22-29)� � � . . , , . � ' � , .. ' , � ' � ' � . -, � . . ^ . ' _ . . .:1.��, , �. . � � � ' .. . ' . , . � ��. . ., _ � . . . �"� �' . � . . . . . . .. � . � . . .. . , �� . � �.SOLiTTIO�V N . . ;, . , . . . iVO. 670. , " ' , ' .. .. ikY#%��FYY'�I'.�F'.�-' . . , ' . . • - IN THi.;i,T6TZt�� OI' ACrUISSmIOT_�I t':AT?J IiV1P�OVE^,iE1VT - - �ISTftICT N0.25�� HE CITY Or LYNi'TOOD. _ ' . , .. :.. , _., .. : C�?bI�'0?tSIIFi.. , , . ' � :.. ' ,. .,.. . . , . ,.': . �.�I:'�Vr�k�ky.�k##�k�k�k�k�k�kM��k��k�K�k , � �, i . � , , :, ^. .- . ...', . ;.. . - � �'ESOLUTIOPI .ACCEPTIIQG ktrORK f�ND -FI�ING ' �LIOUNT . � , _ . .. _ OF' BONDS. ' . . . _ ' ***» �**x�**��» W:�** . ' ?'J T'REf�S•, the contrr�ctor and the Suparintendent • : of .�'/ork in the matter-.of' the work and .improvement in the c:, �,,� � ° ebove .ment�ioned Acqui�ition ,and Improv,ement District PZO. 25, • here�tofore on the8th dsy of October, 1929,duTy f�led with the �City Clerk of .theCi.ty of- Lynrvood, a' v�rittep declaration �'1 " . that the.�raork and i.mprov.ementsaid Acguisition and Improvement `, �Di'strict A30:25,had been c�rnpiei�ed acc3rding to'the c�ntract on file theref�r, together.�ith a writte'n s.tatement of the ��^ " - , am�unt_due under,the,contract and also an itemized stutement ,. of incidental exnenses ef tYie w�rk.and impr�vement,inclusive '�,of,the estimated .e7st oF .publishing'the.�totice ofFinal Hearirg � and aleo the total sum for which b�nds 'of tiie'said district e' ,' ` are clsi:�ed by the Contractor and by'the Superintendent' �f ` '�ork,as rec�uirc�d by lav✓, reference tovYhich said Declaration r; - � of"Completion is�hereb�'made°ibr:all details`there�f��s`fully and � ,� to �he same extent as th�ugh said. declarati.on were c�pied,.at ;len- . . - gth herein.,= and , . , _ . . •, : r.: . .., .: _ <�; '['lHEREe5, the City Council of the City of iynwooa did • on the°8th.°day,.of October,1929; adopt a resolution,.Sixing,Tuesday the.� y' •,1929. at the ;hbur :of �8,;;.�0'clock;r,PJi. of, ' ' _' . . . 22nd day of Octobe� "� said da as the day and hour, and the,chamliers of.;;said�City Council' -• �. .as the,..place'fo's• a hearing,f�r the purp�se �f determining whether or '' ' � not th�e-work and improve�en•t::ehould be accepted.as havirig been -' �, co�npTeted according to the comtract,and'f?r de the'.a�gregate . -. amount, for' which said, bonds, �hall'.be issued to� the c�nt'ractor or�his- • ss�ignee ther.eof, and,of furni�hing an 'opp�rtunity.to sll�pers,ons.. ° � intere�ted in any of.tke cJOrk or improvement done under the said".; � prodeed.inge,'or im a.ny matter affecting eaid i�provement and,the ` � ,. ., saees�ment district therefor,and feeling sgg,rieved by sny act.or,:,. determinatibn done or.,:made.,in ,the',aid;proceeding or claimi.ng� ... . ,that.any �f the'Frevi'ous�acts.are irregular.,defective,erronebus; . or,f.aulty,qr claiming that the �vork or improve�nent has not been - perf.ormed according the contracttizi.�asg substantial � ,;, manner,, or claiming that any port5.on of the vcork or imprqvement - for arijr`-reason was qmitted or°illegally includedtiri the c;ontra'ct ° ' £or the`sarr,e, or having any abjeetions to offer or`any reason`r�o � advance why bonds should not be issued in the am�nnt set forth in the declarartion and statement on file;' to.appear before said City Council `-and by it be hesrd up,on any oi'`.the above mentioned matters; and � i��'H�REA'S,thereafter the Clerk of the��said City of' .•.- Ly�ntivood, did du•ly p�st and publi�h a notice of said hearing in the •' manner end form and wi`thin the ,time 'arid the period reouired by, . law,and�that more thsn ten(14) full days have elapsed yince the date • . of fire�t publication of'said notice, and ,� . �;_ s .. 1_ . - . ` ; , t , � �. . � y , i. ,, ;�IiEREaS, on the 22nd day of October,1929,at the time and place in said reeolution and notice specified therefor,the City Council of the City oT Lynwood convened for. the purpose of hearing any protests or objections to the acceptance of said work and any • other.matters mentioned in said notice of final hearing, fe£erence to which,said. notice as so posted �nd published is hereby ma@e.£or grea�- � ter certainty and which said notic� is'incorporated herein by refar- ence as fully and to the same extent as though copied at lengh� here- in, and said City Council did at said hearing, hear any and a11 pro= tests �r �bjections and statements presented in writin� or �r�lly, an and a full and complete hearing upon all oS said matters was then had and . - PIHEREAS; this City Council is of- the.opinion that the w�rk and improvement described in the Resolution of Intention oi':the above entitled matter, reference to which said ??esolution of Inten=:�. tion is hereby made for � full description of the work or improv- ement and which said work or improvement is the work or improve- �ent covered b;� the contract b5* the coritract therefor, has been com}� pleted according.to. the contract in a.good and-substantial manner, N01Y TI3EREFORE BE IR RLSOLV�D, b� the City Council :of the City of Zynwood, ae,follows; 1.That �11 matters and things required b�= law to be done had,and taken by thie City Council, by th.e Contraeto�m by the �uperintendent of �tork, by the Engineer of 7iork and all other persons ' require�i"by lav✓rt� perform any�.acts or things in `connection with the said.impr�vement, have been duly.and regulurly done,had and t2ken in the manner and iorm and v�ithin the time required by lz�w. 2. That all pr.otests,both oral and written,against the • acceptance of. said rvork or improvement and the is€uance of bond4 therefor im the amount clained by the Contractor be,and the same are hereby overruled and denied. � 3. That this City Council is o£ the opinion and does hereby {ind and declare that the work and improvement in the abovo entitled matter has been completed and performed in a good arid substar_ti&1. manner,and said City �ouncil doee hereby.acccept said work and imp- rovement. . . . 4. That the amount.of the c�ntract price fpr the c�oing �f eaid work or improvememt speciiied and performed is til,e aggregate sum �t Fifty-Five Thousand. Nine Dollsrs(�55,9U0.00) 5. That tihe amount of the ineidental expen�es of the improvement arid oi' the proceedings in the above entitled matter , relative...to the improvement, is-tne aggregate eum of Four Thousand F�ight Hundred Forty One yollars and seventy-fine cents(�4,841.75) 6. That the aggregate amount i'or �+hich improvememt bonds • of said Bcauisition and Improvement Di'strict are to be issued the rrainag� Construction Compan� is the aggregate sum of ` Sixty Thousand' Seven Hundre,d and, Forty,`One Dollars'and Seventy-�'ive cents 1 �E0,7&1.7'5 ) . . _ - 7. That bonds be issued b3- the City 'i`reasurer of the City of yZ�nwood,California,in accordance with the provisions of the "Acauisiti�on and Improvement Act of 1925".as amended, designated. "Series B",for the total sum of Sixty Thousand.Seven Hundred Forty- one Dollars and Seventy-five.cents1�60,741.75)and de•2icered to the lirainage Construction Company by said Treasurer. - =2- � i 1 _.:.. d. That sll �f said bonds�except the last shall be in even��nultiples of one hundred'. Thelast installment shnll be for - the balance of the totsl prineipal amount not provided to be paid,. in previous installments. ! 9. That the said bonds shall bear interest at the rate of �seven 17) per cent perannum,payable semi-annuUlly,the f.irst inter- est payment to be made an the 2nd day ot danusry,1931, �?nd the lastinstallmen�; of interest shall be payable the maturity pf �the bonds, and the aggregate principal of all the �aid bonds to be paid'and discharged within twenty-five years after the date of 'issuance,approximately one-twenty-eecond part of such aggregate �principal to be pa;�able annually,allin gold coan, and tne first �ayment on the aggre principal of the improvemen� bonds is.ued shall be.made fourl4� ye�rs after the isuance thereof. � 10. That the said improvement bonds ta be issued by the City Treasurer of the said City shallbe.dated 0ctober 22,1929, and sha11 in substamce (using designations and filling blanks as apar�priate) be in the form aG provided in-siction 39 of said � "Acquisition and lmprovement he?, of' .1925" and ti�e intei•est coupons shall 'o'e signed by .the engraved facsimile signature of the treasurer. "11. That upon the expiration of twenty (20) daye fror� tne nsking of this finHl order,the Clerk of said Cit�= Council shs11 tran�mit�to'th��:ATreasureeeof said City af Lyn�ro�d snd atteeted copy of this resolution. . . . . . � i:>: : i�I I"i?' ' . �z.J. �i� ' i�'.�, ,.1 U .. . . ;.� ____.__ H.It'I . NiURRAY T- -�_ .� MF�YOR OF TH�s CI�TY OP LYI,!!700D. I, hereby certify that the above and foregoing resolution �ves adopted at a-------regulrzr meeting o� the City Council of thd City of Lynv�ood, held �t the chambers of said City Council on the 22nd day of October, 1929, by the.following vote; HYES: COUNCII.ID1�t:Tv�eedy,SY_eltom,Anderson,Lewis,N�urray. NOES: " " NOVE. 4BSEPTT: " ". " NO1�E. ' i'I. W. CH.4PNIA � CI`l^l CZERK Oi T CITY OF LYN"lOOD. 0 ' . o . � ' . _ . ' . ..� ' 1. . , .. -3- � e