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HomeMy Public PortalAboutM 1938-04-26 - CC ADJOURNED REGULAR NIEE`i'ING APRIL 26TH, 1938 The City Council of the City of Lynwood met in an adjourned regular session., at the City Hall, 11331 Plaza. Street, on above date, at 1 P.i~. Mayor Nation in the chair. Councilmen Lake, Meyer, Buster and Nation answered the roll call. Councilman Snyder was absent. The hour of 1 P."~:~. ha.ving arrived, said time being the hour fixed for continuing the hearing of objections or protests to the proposed refunding of the indebtedness of Acquisition and Improvement District No. 11 as set forth in Resolution of Intention No. 1063. The Mayor inquired of the City Clerk whether or not any wri~ ten objection had beenfiled. The City Clerk stated that none had been filed. Thereupon the Mayor inquired of the audience if there was anyone present who wished to object or protest to the proposed re- funding of said District. There was no response. The City Clerk stated that Affidavits of Publication, mail- ing and Posting were on file in connection with said matter. The City Clerk also presented Affidavits as to sufficiency of consent of landowners setting forth that 58.48°,0 of the record property owners had consented to said proceedings. City Treasurer Reed upon being sworn testified that he has verified the amount as set forth in the Resolution of Intention No. 1063 and that he finds that the amount that is proposed to be re- funded is correct. City Treasurer Reed also testified that it would be a de- finite benefit to refund said indebtedness, and that he believes that the public interest, convenience a.nd necessity require that said in- debtedness be refunded. City Engineer Bateman upon being sworn stated that he has computed the area of the lands in the district subject to reassess- ment in the refunding proceedings and the area of lands for which signed written consents have been filed and that he finds them to be sufficient inasmuch as 58.48 valid consents have been filed. Thereupon RESOLUTIUiv N0. 1099, entitled: "RESOLUTION SET- TING FORTH FACTS OF HEARING, PASSING UPOiI OBJECTIONS, AND FINDING THAT THE WRITTEN CONSENT OF THE OWNERS OF A MAJORI'T'Y IN AREA OF THE LANDS IN ACQUISITION AND IMPROVEMf~;NT DISTRICT N0. 11 HAS BEEN FILED," was read, reading as follows: "WHEREAS, the City Council of the City of Lynwood, Califor- nia, on the 1st day of March, 1938, duly passed and adopted its Resolution No. 1063, declaring its intention to refund the indebted- ness of Acquisition and Improvement District No. ll of the City of Lynwood; and WHEREAS, at the time and place fixed for the hearing of protests and objections to said refunding, a hearing was duly held and no written objections against said proposed refunding had been filed with the City Clerk and no persons appeared and objected to or protested against said refunding, and the said hearing was continued from tLme to time by order of the City Council of said City, duly en- tered upon the minutes of said City Council; and this is the time and place to which said hearing has been continued, and no written or or al protests or objections have been filed or made, and both writ- ten a.nd oral evidence upon the proceedings has been taken, and it appears that affidavits showing the due publication , posting, and mat.iling of the resolution tivere filed. in the office of the City Clete of said City at the time and in the r:~anner required by law, and that all notices required by the Assessment Bond Refunding Act of 1933, as amended, have been properly given and a full and complete hearing has been had; and WHER~sAS, the. City Cou~~cil of the City of Lynwood has co~- sidered all of the facts a.nd is fully informed in the matters: NOVP, THER~~FORE, it is hereby resolved by theCity Council of the City of Lynwood,California, as follows: Section 1. that the public interest, convenience, and necessity require the refunding of the indebtedness of Acquisition and Improvement District No. 11 of the City of Lynwood, California, as set forth in said Resolution No. 1063. Section 2. That no protests or objections to such refund- ing have been filed or made. Section 3. That the written consent of the owners of more than a rna,jority in area of the lands in the District subject to re- assessment in the refunding proceedings, consenting to the refunding ~'~ and reassessment, has been filed, anct that tr:is City Council has ac- quired ,jurisdiction to proceed with the refunding of the indebted- ness of said District under the provisions of said Act. Section 4. That this resolution shall be entered in full upon the minutes of this City Council." It was moved by Councilman Boster and seconded by Council- man Lake that said Resol~.lt ion No. 1099 be a3ox?ted. Roll Call: Ayes: Councilmen Lake, Meyer, Boster and Nation. Noes: None. Absent: Councilman Snyder. RESOLU`T'ION NU. 1100, entitled: "RESOLU`T'ION OF THE CITY COUNCIL OF THE CITY OF LYNWOOT~, CALIFORNIA, ORDERING THE REFUNDING OF .THE IN~EBTEDTdESS OF ACQUISITION AND INPROVEP~~ENT DISTRICT N0. 11 OF SAID CITY AND `T'HE IJiAKITvG OF A REASSESSIV'~ENT THER}~,FOR," was read, reading as follows: "WHEREAS, the hearing of objections and protests to the re- funding of the indebtedness of Acquisition and Improvement District No. 11 of the City of L,ynVrood, as proposed in Resolution No. 1063, has been duly ha.d and no protests or objections were filed or made; and b'~HEREAS, by resolution entered upon the minutes, this Council has determined that the written consent of the owners of more than a majority .in area of the lands in the District subject to reassessment to the proposed refunding and reassessment has been filed, and this Council has acquiredjurisdiction to proceed with such refunding and reassessment: NOV'J, THEREFORE, theCity Council of the City of Lynwood, California, does hereby resolve, determine and order as follows: Section 1. That the public interest, a~nvenience, and necessity require the refunding of the indebtedness of Acquisition and Improvement District No. 11 of the City of Lynwood, and the re- funding of such indebtedness under the Assessment Bond Refunding Act of 1933, as amended, and the levy of a reassessment therefor, as pro- posed in said Resolution No. 1063, a.re hereby ordered. Reference is hereby made to said Resolution No. 1063 for the total amount of the outstanding indebtedness of theDistrict, and the amount of principal of bonds included therein, a.nd the amount of due and un- paid interest coupons included therein, and for all other particulars. Section 2. That the total maximum principal amount for which a reassessment shall be levied is the sum of thirty thousand four hundred dollars 030,400.00). Section 3. That the City Engineer of the City of Lynwood is hereby directed to prepare a diagram of the property included within the District upon which the said reassessmer~ shall be levied, in accordanc e with said act, and when said. diagram is competed, the Superintendent of Streets of the City of Lynu7ood is hereby directed to and shall proceed to mare the reassessment in accordance with the provisions of said act." It was moved by Councilman Meyer and seconded by Council- man Boster that said Resolution No. 1100 be adopted. Roll Call: Ayes: Councilmen La~:e, Meyer, Boster and Nation. Noes: None. Absent: Councilran Snyder. A communication was received from P~lorrison Bond Co., Ltd., offering to buy certain refunding bonds as listed therein, in the total sum of X10.959.02, subject to an ap_rroving legal opinion by the law firm of O'Melveny-Taller & P~iyers. Thereupon RESOLUTION TJO. 1101, entitled: "Rl;'SOLU`T`ION OF' Z'HE CITY COUNCIL OF '1`1-E CITY OF LYIv~OUD, CALIFCR~:IA, PROVIDING FUR 'T'HE SALE OF REFUNDING BONDS OF ACQUISITION AND II~IPROV,~/'~~IEN~l' DISTRICT N0. 9 of SAID CITY, Atvll RESCINDING A FORI!lIER SALE OF SUCH BONDS," was. read. It was moved by Councilman Meyer and seconded by Councilman Lake that said Resolution No. 1101 be adopted. Roll Call: Ayes: Councilmen Lake, P«eyer, Boster and Nation. Noes: None Absent: Councilman Snyder. RESOLUTION NU. 1102, entitled: "RESOLUTION OF THE IIITY COUNCIL OF THE CITY OF LYI~WOOD, CALIFORNIA, 'ROVIDIN(Y FOR. THE SALE OF CERTAIN REFUi~1DING BONDS OF ACQUISITION AND ITrPROVEPrIENT DISTRICT N0. 9 TO THE CITY OF LYNWOOD," was read. It was. moved by Council- tj!an Lake and seconded by Councilman P~J[eyer that said Resolution No. 1102 be adopted, 1 I 2~ ~. Roll Call: ~~ Ayes: Councilmen Lake, Meyer, Bolter and Nation. Noes: None. Absent: Councilman Snyder. Apetition was received on behalf of i~iirs. Harriett Smyth's application for license to sell novelties, gifts, etc., at 3554 East Palm Ave., signed by George Tate and 17 other residents adjacent to said address consenting to the establishment of same at said location. Mr. Smyth also addressed the Council on behalf of said application. After due consideration of-the matter, same was referred to Councilmen Snyder and Meyer to investigate with power to act for the Council. A betition was also received from Paul E. Clarke and Flavin 0. Hayden with application attached for business license permit to operate a radio service .business at 11469 Copeland Street. There being no objection, the Mayor also referred said matter to Councilmen Snyder and Meyer. Dr. W. D. Chris man appeared before the Council addressing them on the matter of whether or not it would be permissable to operate an oil well tool manufacturing concern in his building located at the corner of Lynwood Road and Long Beadh Boulevard, stating that he believes that very little noise would eminate therefrom, stating that he has a prospective tenant. There being no object;ion, the matter was referred to Councilmen Lake and Boster for investigation with po~~er to act as they may see fit, and when they have reached a decision to notify the City Clerk as to their action. The following demands were presented: James L. Beebe ~ 500.00 Special Bond Assessment and Tax Relief Fund 2182.75 It was moved by Councilman Boster and seconded by Councilman Meyer that said demands be allowed and warrants be drawn on the City Treasurer for said amounts. Roll Call; Ayes: Councilmen Lake, Meyer, Boster and Nation. Noes: None. Absent: Councilman Snyder. It was moved by Councilman Bolter and seconded by Councilman Meyer that the meeting adjourn to May 3rd, 1c=38, at 7:30 P.I,~. All members of the Council .present voting aye, the Mayor declared the motion duly carried and it was so ordered. rvIAYOR T~~Y OF LYNWOOD ATTEST: CI Y CLERK, CI Y OF LYNN OD ~~;