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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, . . . .., _ ' � :' ' � � . . 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 . __ - _ , _ , . «. . I , ' . .. . :��. :. ;... ; ,.. , ,. . . . , . , e' . ,. : . ,. ..: . ,. ,. . ., . 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. . , , ;". � . ` ',r�. . , - ,. ... - . . : VP. R'. ChaAman , �� , • City Clerk of the City of•Lynwoode " _ t . . . .. . _.. , . ' �= .:,, • ., ., ..,, ` . , • �: _� . . . ... . , , . , � . ... . _ � �, . . �_ . . ., . . , . . .,. . . , .. , - . , . .: .. . . . . . ,. -,� _ _ � �,. . � ; �a , , .. ,. ;: _ . �. � „ r - , d . .. . . .•� • Y • ' t , . r . .. .`' .• , ' � , �' . . � . � . . .. . � . . ' . . . , . . � � . . ,.. . . . ' . . . . � � . ' .. . . . . . - . k n. .. . ." �. � ..[... . . . , - �., ' . . .. . . . . .. . . .. �., a �. .. . � . + - . . . , ,. . . � . � . . . ' " . . . . ._,,.a � _ ' ' . . 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