HomeMy Public PortalAbout549 (08-21-28) � ^ � - . . ' . .,
RESOLUTION NO. 549.
IN THE MATTER OF ACQUISITION AND I�6PROVEMENT
, DISTRICT N0.'19, CITY OF LYNNi00D, CALIFORNIA.
RESOLUTION FIXIfiG THE TIME FOR'RECEIVING BIDS
FOR DOING THE WORK OR I�6PROVEMENT DE3CRIBED IN
THE RESOLUTION OF INTEnTION IN THE ABOVE EN—
TITLED MdTTER, &2dD REQUIRING THE BIDDERS W'HO
SUB�GIT BIDS FOR PERFORMING THE VCORK AND IM—
• PROVEMEN^1 TO PURCHASE THE BGNDS WfiICH AAVE BEEN
ISSUED TO COVER THE COSTS OF I�lfiEDIATE POSSESSION.
WHEREAS, the City Counefl of the City of Lyn�rood, did on the
� 27th day of March, 1928, adopt its resoluti.on ordering acquisitions
and improveraent in the above entitled matter, which resolution is
hereby referred to, and .
� YPHEREAS, after due and legal,ateps; thie City Council did on
the lOth day of July, 1928, adopt its resolution entitled, "Reso= ,•
lution Passing upon Protests and Objections to the Iasuance.of _
Bonde ta obtain Immediate Possession, and Order for the Issuance
- of such bonds in the emount of �298,084.65°, reference to which
'. resolution ie likervise hereby made, and
WHF•REAS, pursuant to said resolution last hereinbefore r��
ferred to, the Clerk of this Legislative body did c�use to be
_.: published_a,,notice_ inviting such immediate posseasion
bonds, and .
WHEREA�S, the Clerk of this Legislative body likewise trans—
mitted to the.Treasurer of the City of Lynwood, an attested copy
of the eaid order for the issuance of immediate posaession bonds �
in the above entitled matter, and �
WHEREAS, at the time and place fixed in said notice inviting
bids, no-bid was received for such immediate poseession'bonda, e,nd
YPHEREAS, the public interest, convenience and necessity demand
and re9uire and it is the intention of the, City Council of the City
" oY Lynwood, to reQuire the.biddere subraitting bide for peiforming
the work and improvement in the above entitled matter to purchase
` the bonds which he.ve been issued to cover the coat of immediate
poesession of the property sought to be ac9uired, in the proceedings
had in the above entitled matter, and to include in their bid for
the improvement, a bid for said bonds which shall not be for less
than par,
- NOW THEREFORE, be it RESOLVED, by the City Council of the City
of Lynwood, California, as follows;
1. That bonds in Acquieition and Improvement District number
19 of the City of Lyawood, for the purpose of obtaining immediete
possession of the property sought to be acQuired in the Resolution
of Intention in the above entitled matter, which Resolution of
Intention is hereby referred to for a deecription of the property
acquired, be aold; said bonds being.of the m�.turities and bearing
the dates as set forth in the Resolution paesing upon protests and
ab�ectione,to the issuance of the bonde to obtain immediate poss—
ession on and order for the isauance of such bor�ds in the �rnount
i, . . . .., _
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of $298,084:65, adopted bp thie City Council.on the lOth day of
. Julp, 1928:, reference to which said resolution is herebp made for
' a full description of the said bonda:
2. T�at the determination of thia City Council as enidenoed
by Section 7 of its said Resolution No. 477 adopted on March 27th,
1928, fixing the hour of 7;30 o�clock;'P. M. of the first regular
meeting d�y of this City Council after the expiration oY fifteen
days following the signing of the decree.or.order entitling the
City of Lynwood to possesaion and uEe of the property sought to
be ac4uired as the time for receinin� bi@e for•the work or im-
provement; be and said fixing of said time is hereby revoked and
rescinded; and that the determination of this City as
evidence@ by its said resolution adopted on the lOth dap of July,
1928, in paregraphs VI thereof, to advertise the sale of bonds
to obtain immediate possession, aeparate and apart from the ..
awarding of the contract for the work or improvement, be and the
same is hereby revoked rescinded, •
3. That the time and place for receiving bida be and the
same is hereby refixed, and that the 4th day of 8eptember, 1928,
at the hour oP eight �8:00) o'clock P. M., be and the same ie
hereby fixed as the time, and the Council' Chambers in the City .
Hall in the City of Lynwood be and the same is hereby fiaed ae'.
the plaoe'for receiving bids for doing the work or improvement
described.in the Resolution of Intention in the above entitled
matter, which Resolution of Intention is hereby referred for
a deacription of the work or improvement to be done.
' � 4. That the bidders who submit bids for doing_the work or
improvement, be required to purchase the bonds which hane been
iesued to cover the-cost of immediate possession aforesaifl, and
to include in the bid for the improvement, a bid for said bonds,'
which sha11 not be less than par..
5. That the Clerk oP this Citp Council be and he is herebp
direoted to give notice inviting bids for the doing of the work`
and improqement described in the Resolution of Intention in the
above entitled matter, which said Resolutiori.of Intention is-
hereby referred to for a description of the work and improvement
to be`done, and that the Clerk also give notice that the.biddere
who submit bids for performing the work or improvement, shall �
�. include in their bid Por the improvement, a bid for the immediate
possesaion bonds, which.shall not be for less than par. Said
notice shall state the total par value oY such bonds and,that the
same shall bear interest at'a rate not exceeding eight per cent
(8°fo) per annum, and that the rate of.interest at which said City
Council will sell the eaid bonds will be fiaed at the sale thereof
to the succeseful bidder, and shall thereupon be fixed as the
rate of interest thereof. The time and place Por receiving bide
. for said immediate posseeeion bonds sha13 be the time and place
hereinbe£ore fixed for the receiving of bide for the said work
and improvement. Said notice inviting bids shall by the the Clerk
of this City Council be published bp at least two insertions and
- ''not�necessarily simultaneously, in the newepaper designated for
the making of all publicationa in the Resolution of Intention,
and a copy of ea.id notice ehall be posted and kept posted for
five days on or nea.r the Chamber poor of thia City Council.
' Passed and adopted bp the City bouncil of the City of Lyn-
wood,"C�.lifornia, on the 21st day of August, 1928, by the follow-
ing vote, to-wit;
AXEB: Councilmen Tweedy, Skelton, Anderson, Murray
NOES; none
� ABSENT: Councilman Greenamyer
H. M. Murray
. B6ayor oY the City of Lynv¢ood, CaliY
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by the Cit Council of the Cit of ynwo
' I te2eby, certify �that, the fore�oing. resolutioi� was adopted
y y` od at,an ad�ourned regular
;"meeting thereof held.on the 21st day of Auguet, 1928, by the vote
`� of the members thereof as hereinabove set forth.
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VP. R'. ChaAman ,
�� , • City Clerk of the City of•Lynwoode "
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