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HomeMy Public PortalAboutM 1938-09-01 - CC~3~4-A ADJOURNED REGULAR T'~~~iEETING SEPTEhnBER 1, 1938. The City Council of the City of Lynwood met in an adjourned regular meeting, in the Council Chamber of the City Hall, 11331 Plaza. Street, on above date, at 1:40 P."li. A2ayor Nation in the chair. Councilmen Lake, Meyer, Snyder and Nation answered the roll ca 11. Councilman Boater was absent. The hour of 1:45 P.T~~. having arrived, said time being the hour fixed for continuance of the hearing in connection with protests or objections to the proposed reassessment in the matter of refund- ing of the indebtedness of Acquisition and Improvement District No. 1~ of the City of Lynwood. And it having been determined that no written objections or protests had been filed with the City Clerk, a.nd therebeing no one present to submit their protest either in writing or orally, Therefore, it was duly moved by Councilman Lake and seconded by Councilman Meyer that said hearing be continued to September 6th, 1938 at 8 P.i~J~. All members of the Council present voting aye, the Mayor declared the motion duly carried and it was so ordered. The hour of 1:45 P.rJI. having arrived, said tune being the hour fixed for continuance of the hearing in connection with pro- tests or objections to the proposed reassessment in the matter of re- funding of the indebtedness of Acquisition and Improvement District No. 24 of the City of Lynwood. And it having been determined that no written objections or protests had been filed vrith the City Clerk, and there being no one present to submit their protest either in writing or orally, Thereupon it was duly moved by Councilman Meyer and seconder by Councilman Lake that said hearing be continued to September 6th, 1938, at 8 P.~1. All members of the Council present voting aye, the Mayor declared the motion duly carried and it was so ordered. The following demands were presented: GEPdERAL FUND Payroll Account ~ 2,794.00 STREET I~~tAINTENANCE FUND ; Payroll Account 317.00 V~rATER DEPARTT~;iENT : Payroll Account 422.00 Thereupon it was moved by Councilman Lake and seconded by Councilman Meyer that the demar~ be allowed and warrants be drawn on~the City Treasurer for said various amounts. Roll Call: Ayes: Councilman Lake, Meyer, Snyder and Nation. Noes: None. Absent: Councilman Boster. It was moved by Councihan Meyer and seconded by Councilman Lake that the City Treasurer be instructed. and authorized to cancel all coupons owned by the City of Lynwood in Acquisition and Improve- ment Districts Nos. 15 and 24. Roll Ca11: Ayes: Councilmen Lake, Meyer, Snyder and Nation. Noes: None. Absent: Council:~n Bolter. Letters were received from the Board of Supervisors of Los Angeles County under date of August 19th, 1938 and August 22nd and 24th, 1938 with certified copy of resolution adopted b,y their Honorable Body wherein they authorize purchase and delivery of bonds to the Treasurer of the City of Lynwood in connection with refunding proceedings of Acquisition and Improvement Districts Nos. 15 and 24. There being no objection, the P.~iayor ordered the communications filed. Application wa.s received from P~arie Tribble a.nd Norman Gre- gory Ross; also report from the Health Department of Los Angeles County. There being no objection, the applications and report were ordered filed. A demand wasreceived from the County Tax Collector of L. A. County that the City provide funds for the payment of all delinquent assessments for all projects in the City under the Improvement Bond Act of 1915, for which current assessments have terminated but which have delinquent assessments for prior years still outstanding and required by statute either by the transfer of general funds to the interest and sinking funds of each of such districts or by the levy of tax. There being no objection, the Mayor ordered said communicatic filed and no further action was taken thereon. 3~4-B City Treasurer Reed a.dd.ressed the Council to the ef~'ect that tTzere are some reassessments that O'A/~elveny, Taller & ?~:?yers refuse to approve because changes have been made on the reassessment roll after same was recorded, stating that the ag~~regate amount is X301.50, and that if the bond buyer refuses to take the bonds with- out such approving opinion, in that event he would have to have authority to make up the difference from same other source in order to close out Acauisition and Improvement Districts Nos. 8 and 25. Thereupon it Uaas moved by Councilman T,Zeyer ar_d seconded by Councilman Lake that the Cit~r Treasurer be authorized to purchase such bonds of A. & I. Dints. Nos. 8 and 25 that O'Melveny, Taller R~ Iaiyers refuses to a.prrove, from tpe SUecial Assessment Relief Tex Fund. Ro11 Ca.l1 Ayes: Councilmen Lake,I,~eyer, Sny~?er and Iv*ation. Noes: None. Absent: Councilman Bolter. City Treasurer Reed addressed the Council ,x+ith respect to the situation that has arisen in connection with the refunding pro- ceedings pending in Acquisition a.nd Improvement Districts Nos. 15 and 24, stating the t there are a number of bondholders atho have not sur- rendered their bonds, suggesting that unless t'r.ey do so within a reasonable time th=at Intr. PaToffitt be authorized to make a trip to Il- linois to negotiate further therefor. Thereupon it was moved by Councilman Lake and seconded by Councilman Snyder that r,Qr. T2offitt be authorized to make such trip ~F~-hen and if it develops that the .bonds cannot be secured by other method, and that the City Treasurer be authorized to advance such money as is necessary to make such trip. Roll Call: Ayes : Councilmen Lake, I~~e3rer, Snyder and Tlration. Noes: None. Absent: Councilman Bolter. It vans moved by Councilman Snyder and seconded by Council- man Tdeyer that the Petty Cash in the Treas~.arer's Office be ~.nereased by ~`~300.00 in order to provide for a.dvance~ made to employees going away on their vacations, and that a demand be drawn on the City Treesurer for said amount. Roll Call: Ayes: Councilmen Lake, PJTeyer, Snyder and Nation. Noes: None. Absent : Councilman Bolter. It v,~as moved by Councilman Lake and seconded by Councilman P.2e,y~r than the meeting adjourn to September 6th, 1938, at 7:30 P.P:2. All members of the Council present voting aye, the Mayor declared the motion duly carried. ld YOR 0 ' T E Y OF LYN~'JOOD ATTE:~T ~~TY CLERK, CITY OF LYTJI~'OOIy