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Home My Public Portal About703 (05-06-30)y - . ..�; � ..� .- � ;v � . . � . . :. , .. . ,. , . . . . . . . � . . � . . . . .. , ,.� , . � T . , � S ' � r. ' . � , . . � RE$OLUTION N0; � ?03. � � IN.THE ACQUISITION 6ND IMPROVEIYENT DISTRICT °. °- .`: . . N0. 26 OF THE CITY OF LYNG+OOD� CBLIFORNIA. .= 'RESOLUTION ACCEPTING PGOI3% BDTD FIXING AMOUNT' OF BOnDB. _ ' " - f . - . .. - . . . , , ., �': . :'VPEiEREA�, �the Contractor and Superintendent of Work. _ 1ri tfie matter'of the=work_�nd�improvement iri;the above mentioned .� ," �matter,�heretofore on tYie- 22nd day oY April', 1930,;duly file8, , with the'City Clerk of the Citp of Lynv+ood, a written declars:tion that :the work and improvement in said Acquisition and Improvement ' � ,' District No.-28, had been completed according to the contract�on � file therefor, together with a written statement of the amount;due under=the contract and also an itemi�ed'statement of incidental, expensea of the work.and improvement,.inclueive of the estimated •- ' cost•of publ-iehing the Notice of.Firial�Heazing, and also.the'. •. � total�sum Yor whioh bonds oY the.said district a re claimed bp the Gontractor:and by.the Superintndent of Work, ae,required by;Taw, � ' reference-to.whioh sai& Declaration of C'ompletion ie'hereby made �" for all.�detail� thereof as 3ully and to the ssme extent ae though ._ �. "',' satd'deel�a.ration were' copied at length herein, and , , , � PIHEREAE;, the�City Counail oY the.City of Lynwood did, on ' �, the 22nd �day of,Apr11,�1930, adopt a resolution fiaing Tueaday the .� of BGay, 1930, at the hour oY 8;00 o�clock P.M. of ` � ,the e�day,•as the,da.y and fiour, and the.chambers oF said City. _. , �" Coiancil�as.the'place for a hearing for the purpose. of determining. . �.{, ,� whether or.,not.the,work and improvement should be accepted,as , ,.,;_ `hav`ing been.completed according to the.contraot, and for deter- . • mining the aggregate aznount for which seid bonds eh.rzll be issued to the contiactor or his•assignees theseof, and oY furnishing an , : � -' • opportunity �o all persons interested in,any of the.work or_ im— '`�° provement done under the said prooeedinge, or.in any matter aP- , ° �Pecting said improvement and the asses'sment district there�or',• •" :. " and,feeling aggrieved bp anp act or determination done or made '. .. °'in the said,proceedin� or claiming that any oP the..prev,ioue acta,. are irregulax, d,e3ective, erroneous or faulty, or alaimin� that � ' , the work or improvement has not been.completed according to the =- : oontraot in a good and'substantial.manner, or:claiming that any •, � portion of ,the,work or improvement for anp reason was omitted � or.illegallp included in.the contract for the es.me; ox havirig:'` `., any objectione to offer�or any reason�to advance why'bonda ahould.-. . . not be issued in the amount set.forth.in the declara.tion and state-• ment on file, to appear before-s�,ifl City CounciL and by it be �" � heasd upon any of the above mentioned mattere, and. �PIiEREAB, thereafter the Clerk of the said City of Lynwood ' did duly post �nd publish �.notice of said hearing in the manner � ""�""`"�" and form axid.within the time' aiid foi the period"required bq law, ' and that more tYian ten (10) Pull d�.ps have elapsed since the date , ' of firet publica.tion of said notice, and • �PHEREAB, on the 6th day of May,' 1930, at the time and � �. place in said reeolution and notice therefor, the City �� Counoil oP•the Citp of Lpnarood convened �or the purpose of hear.ing' � any protests or objectione to tlie acceptr�nce of said rovork and anp . other.mattere mentioned in said notice�of•Yinal hearing,•reference , to which said notice .(a.e so poeted and published`is hereby made.' - Yor greater certainty and which said notice) ie,incorporated , . herein by reference as fully�and to'the.same extent ae though . `copied.at length herein, and `said Citp Council did at eaid hear— • �`f,. ' ing,"hear anp and.all proteets and statements.presented in,wiitiing. �', _:_. or orallp, and'a.Yull and complete hearing.upon e,Tl of said matters . ` - was .then had, �tnd` , t . , , ' � 19HEREA9,-this Cit,y Council is of the opinion tYiat the work' a.nd -irnpro�ement'described, in the Reeolution of .Intention :. . . . w ,. .. . _1_ , . . . . _., . , in the above entitled matter, reYerence to v+hich said Resolution of Intention is herebp made for a full description of the�rk or improvement and.which eaid work or improven�ent is the work or im- provement covered by the contract therefor, has been completed accord3ng to the contract in�a good and substantial aianner, NOPi THEREFORE BE IT RESOLVED, by the�City Council of the City oY Lyne�ood, as followe; � - 1. tha.t all matters and things iequired by'law.to be done, had and taken tiy thie City Council, by the,Gontractor, by --� the 8uperintendent of Y9ork, by the Engineer of Work and ell other ' persons required by law to perform anp acts or things in connec- tion with the said imorovement, have been duly and regulasly done, had and taken in the manner and form and within the time required by law. - 2. That all protests, both oral and written, against the �. acceptance of said work or impzovement and the ieauanoe'of bonds therefor in the amount claimed by-the Contractor be, and the sa�ae ' are hereby overruled and denied. . 3. That thia City Council is of the opinion and does hereby find and declare that the work and improvement in the above entitled matter has been completed and perYormed in a good and substantial manner, and said City CounciZ does hereny accept said work and improvement. .. • 4. That the amount oY the contract price for the doing of said work or improvement specified and perYormed ie the aggre- gate st�m oY Eleven Thoueand Ei ht Ei ht Dollare and 3ixt 3ix �e„+., r9k,r nRa_aa . 5. That the aznount of the incidental expenses of the im- provement and of the.proceedings in the above entitled matter re- lative to the impronement is the aggregate eum oP One Thousarid T,__�... n..,, r�..�ie�.o e,,,a mr,�rtv Twn �P.71'EH (41_041.32� . 6. That the aggregate amount for which improvement bonds of eaid Ac9uisition and Improvement District are to be i'ssued to L.A.PA9ING C0. (INC.) is_the aggregate sum_oY Thousand Orie 7. Tha't bonds'be issued by the Ci,ty Treasurer of the City . of Lynwood, California, in accordance with the provisione of the' Acquisition and Improvement Act of 1925, ae amended, designated "Series A�� for the total sum of Twelve Thouaand One Hundred Twen- +„ ra,,,o �„�a aa/inn nnllArs (ik12.129,98 end delivered to the L.A. • 11RC�/ L7Y �G1�1 �toao�aica• 8. That all bonds,except the last sha11 be in even mult- �iples oY one hundred.. _ The.last installment shall be for the balance o3 the principal amount not provided to be pe,id in previous instellments. 9. That the said bonds shall bear interest at the rate oF seven per cent per annum, payable semi-annually, the first in- , terest payment to be made on the 2nd day of July, 1931, and the ' last installment oY interest shall be payable at the maturitp of ` the bonds, and the aggregate principal oY all of the said bonda ' . to be paid and discharged within fifteen years aYter the date oY � - their issuance, approximately one-thirteenth part oY.such a,ggre- gate principal to be payable annua,lly all in gold coin, and the � first payrnent on the aggregate princioal of the improvement , bonds"shall be made three years after the issuanae thereof. 10. That the said impronement bonds to be iaeued by the ' Gity treasurer of the said City shall be dated May 6th, 1930 and -2- ' ! ;'`` _ i � ..�1 she11 in substance (using designatione and filling blanks ae appropriate) be in the form a,s provided in section 39 of said Accluisition and Improvement Act of 1925 and the interest coup- ona ehall be signed by the engraved facaimile signature oY the treasurer. • ` 11. That upon the expiration of twenty (20) days from making of this final order, the Clerk of eald City Council shall' transmit to the treasurer of said City of Lynwood an attested.copy of thie reaolution: ' (Si�ned) F. Snod�rase , Mayor of the City of Lynwood,CaliY. I hereby certify that�the above and foregoing resolution was adopted at a Re�ular meeting of the City Council of the Ci.ty of Lynwood, he3d at the chambers of said City Council on the. 6th day of May, 1930, by the following vote:- � AYEB• COUNCILMEN=-Tweedy,Skelton,Anderson,Kimble and 3nodarass. NOES; COUNCILMEN None.. AB9ENTs None. (Si�ned) R. W. Anderson :' City Clerk of the City of Lynwood. 0 4 0 n . -3-