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HomeMy Public PortalAboutM 1938-09-13 - CCX09 ADJGURT~dED REGULAR MEETING SEPTEI,~IBER 13, 1~?3~3. The City Council of the City of Lynvaood met in an ad- journed re~~ular session, at the City Hall, 11331 Plaza. Street, in the Council Chamber, on above date, at ? P.'~:Y. I~,Iayor Nation in the chair. Councilmen Lake, '`:'ever and ;~,Tation ans~xrered the roll. call. Councilmen Bolter ~ nd Snyc~_er sere absent. It was moved by Councilman Meyer and secord.ed by Courc'ilman Lake that the minutes of the previous regular meeting of September -6th, l~?38, be approved as written. All members of the Council present voting a.tiTe, the Mayor declared the motion duly carried a.nd it was so ordered. The x~ayor announced tria.t the hour of 8 P.P.r?. had arrived, s.sid time being the hour fixed for continuance of the hearing in connection with x~rotests or objections to the pro„osed reassessment in the matter of refunding the inc'..ebted.ness of Acquisition and Im- provement District No. 15 of the City of Lynwood. The F~tlayor inquired_ of the City Clerk whether or not a.ny vrritten objections or protests ha.d been filed.. The Clerk. stated that none had been filed. Thereupon the I:4ayor inquired of the audience if tr:ere vaas a:ny one present who v~ris'ried to protest to the ?~ro~.~~osed reassessr:!ent of said district. There vans no rest-once. Thereupon it was :roved by Councilman Lake and seconded by Councilman IuIeyer that said hearing in connection with said natter be continued to Se~_>tember 20th., 103, a<t 8 P. i.~". All members of the Council present voting a~;re, the Pulayor declared the motion carried ~~nd it t~=T2_s so orc~.ered. The It~ayor announced that tl:e hour of S P. r~''~. ha_d arrived, said ti~:le being the hour fixed for cone` nuance of the hearing in connection vrith protests or objections to the proposed reassessment in the matter of refunding the indebtedne€.s of Acquisition and Im- provement District No. 24 of the City of L~rnvrood. The IY~ayor inquired of the City Clerk vahethPr or not any ~fTritten objections or protests h~~d been filed. The Clgk stated that r:one had been filed. Thereupon the Itiflayor. inquired of the audience if there wa s any one xiresent .rho vsrisl~ed to protest to the ~~roposed reassessment of said District. There vaas no response. Street Superintendent Ba:_tema.n testified th~ t he had made the reassessment for saiC_ District No. 24, that the reassessment had been spread and ap~'~ortioned upon the r~arcels of land within the district subject to reassessment according to benefit, ~~.nd th~_-t each p~~rcel vaas given credit for payments made of a:.d valorem assessments uz~on such passel, a.G required. by law, t'r~at the reassessment as filed with the Clerk yr-.s fair, iust and equitable, and. that in his opinion no revisions or correcticns need be made on the reassessment. Cite Clerk Anderson testified that Affidavits of P~ablica.- tion :;nd Postir_g of Notice of this hearing were on fi1_e in his office; a.nd that same had been posted a.nd publfished according to law. Thereupon RESOLUTION N0. 114?, entitled: "RESOLUTION EI~~- PLOYING THE BRO~JIv'-CRUI~~iI~~1ER COft+iPANY FOR THE PURPOSE OF ASSET~BLIT~G BOivDS OF ACQUISITION ANL' II.~iPROVEIdiENT DISTRICT NOS. 15 and 24 OF THE CITY OF LYNV?00>~, AND FIXII~'G CO:~?FENSATI01~ THEREFCR, " was read. It w~: s moved by Council!}an I~r?eyer and seconded by CounciT~ma_n L:~ke that said Resolution No. 117 be adopted. Roll Call: .Ayes: Councilmen Lake, P.Reyer and Nation. Noes: None. Absent: Councilmen Bolter a.nd Snyder. An offer w~=.s received from P.~orrison Bond Co., Ltd.., sub- ,_~itting a bid of X16,'700.00 to nurcha se a.ll reassessments levied in the refunding of the indebtedness of Acquis~.tion and Improvement District No. 24 of the Cit~T of Lynwood unc~.er the Assessment Bone. Refunding Act of 1~=~33, as amended, subject to a_pprovin~ opinion b;,z the lega_1 firm of O'TJielveny, Tuller ~- rivers, a.nd making certain other conditions a.s set forth fully in said offer to vrt~i ch reference is hereby made for furt'r~er particulars. Said_ offer bein~~ accornna.nied with a check in the sun .^f X501.00, as a guarantee of performance, and to be applied upon the purchase price vrhen payment is macy.e for said re<~:ssessraent. City Treasurer Reed testified that the purchase ~orice set forth in this offer, tog..-ther !~~~ith the County contribution, eras ~~~ sufficient to purcrsase a.ll outstandir.g~ b.^nd_s a.nd coupons v,~hich had been offered for sale `in the refun:~_in€; ;,proceec'.in€;s. Thereupon RESOLUTIGTv i~t0. 1148, entitles "RESCLUTIO•I SEL- LI~IG THE REASSESS:~E~ITS CF AC~,UTSITIO_~ A~TD II~~i"PROtiEIs~EivT L'ISTRICT NO. 24 OF THE CITY OF L1'Ivr'~'OOD," to said I:Morrison Bcnct Con~any, LJ~~:c~.., v~ras re%d. It v.~rs moved by Council:gran P~~Ieyer anc seconded b;>r Councilrn~.n La.~~~~e t'a:~t said Resolution Nc. 1145 be ado:~ted. Roll Call: Ayes : Ceuncil.~~en Lake, I:`e-;-~~r and T,Tation. Noes: Nane. Absent: Cor.zncilrnen I;~osterard Sn~;dnr. It was moved by Councilman Lake and seconded by Col~ncilman Ptieyer tr_:at `~l, 500.00 be tra.nsferred_ ~~rcm the ?`pater Fund to the Special Assessment Ta.7i Relief Funci fcr tie ~.ur~aose of aiding in the Refunding of A. & I. District No. 2.4, and tc be repaid to the ':~,12ter Fund from Acquisition a.nd Improvement Di,strict 24 Special Fund in said refl~nc?i-~g• Uroceedin~~s, rnd authorize tre Cit~r Treasurer to ma.~~>e ,,~ such transfer cf f~.irds as ma;'' be necessary:r in order to cor:rplete the refundin~• of A. ~°~ I. District No. 24. Roll Ca.11: Ayes : Councilmen Lake, Ivleyer and Nation. Noes: None. Absent: Councilmen Bolter and Snyder. The City Treasurer gave testimontT regasc'ing the present outstanc±_ing indebtedness of said. district,4and str-ted that folders of all outst~nd_i ng bonds and coupons ~:ray: made offers to sell said bonds and coupons in the refunding prace~dings, except the holder of bond # BO a.nd coupons appurtenant tI^ereto, a.nc~. tr~at the sur.~ of X1523. G4 was sufficient moneys to pa.;,T the ~;ri neip=~1 of said bond No. 80 togL_=tll.er ~~~~i.th interest to maturity. Thereupon RESOLUTION N0. 1149, entit~.ed: "RESOLUTION CREAT- ING FUNDS, PROt,'IVINCr FOR TAE SALE OF BONDS 0"1PdED EY THE CITY OF LYN- ti'~'OUD, ANL' ~RO`StIDING FOR CAIICELLATIOT~i OF 1/OiJDS OF AC!?UISITION ATvD II~lI- PROVEI'~iENT DISTRICT N0. 24 0~ THE CITY OF LYNN-a'OOD," was rea~~_. It wa_s moved by Councilman P~Zeyer and seconded by Coyneilnan La<<~e the:t s2.id Resolution No. 1149 be ~.d_opted. Roll Call: Ayes: Councilmen L<;he, I.~reyer and N~~tion. Noes: None. Absent: Cou~,cilme r~ Bolter and Snyder. An offer w~. s received from The Brocrn-Crammer Co:pant' cf fer- i'Z~:;• tc sell ~i3C, 104.46 par value of Lynv~~ocd A. <°~ I. 24 bonds :r;ith appurtenant interest coupons at ,~C~o of the bar value principal of said bonds. An offer w- s received from ~~Y. 1.q~. S:;ith ~. Sons, offering to sell X8,000.00 of pa.r value of bonds v~lith appurtenant coupons Cher<:- of, a.t 60~ of the par value principal of sa:_i^. bon~_s, e.g. X600.00 for each Cpl, 000.00 bond, tJ:ith a.ll unpaid coupons appurtenant thereto i n refund~~n~^ said District No. 24. An cffer t~~a._s received fron J. 0. Davis, offering to sell ~fi2, 000.00 of par value of bonds with appurtenant coupons tl~~ereof, at 60'~ of the gar va.l?~e principal of staid bonds, ag. 600.00 .for each $~l, 000.00 bond, ti•.~ith all un_baic~ coupons a Jpurtena.nt thereto in refundin;~ said District No. 24. An offer wa.s received .from A. ?x'. "Iitchell, offering• to se11 ,,,~ ~3, 000.00 of pa_r vale.:e of bonds Ulitr~ appurtenant cou?~ons: thereof, at 60~ of the par value principal of said borc~_s, e.g. 60O.C0 for each X1,000.00 pond, with all unpaid cour~ons a?;purtenant thereto, in re- f~ndinr; s^.id District No. 24. Thereupon RESOLUTION1 N0. 1150, entitled: "RESOLUTIONI AC- CEPTIidG OFFERS FOR SAFE OF BOP~liS OF A.C~UISI'II~`~-N ~•~ND I'~IPRO~%?;T,~iENT DIS- TRICT NG. 24 OF THE CITY OF L1'IvT'~00D, ~~ was read. It was moved by Council::-,an Lake a_nd sec~~~nded btr Counci lr-:a.n T,~re;/er that said Resolution No. 1150 be C.dopted. Roll Call: Ayes: Co~~ncil:~ren Lake, P.~TeS7er and Tation. Tvoes : None. Absent: Councilmen Bolter and Sn~rder. At this time Atterrievr Ray H. ~:inci.man, repres.~ntin~• O'R~elvenjr, Taller ~- I yers addressed the Counc.~l to tl°.e effect that theta have e.:arnined the proceedin~•s u;;, to this point, stating that in their opinion the ~roceedin;=°s glad been l_e~_•ally taken and rzeet critn t~:e req_uirernents of the la~~~. T'"~ereunon RESOLUTION i?0. 111, entitled: "RESOLUTiOPd SET- TIi~'G FORTH ~ A:TS OF 'raEAkI;~ .~vD FT':-liI,IC=S Ai~ii: ~ rr il~l.~'!ITvG REASSESS_:.ENT TTV THE REF~JidDIP,IG OF THE I~?DEBTED:LESS OF ACC~,UI~;?TIOiv _<~I`ID I;PRO',rEi'.:ENT ~~ DISTRICT N0. 24 OF THE CITY OF L~'NG~OOD," reading Cns follows, vras read: "b'JHEREAS, under the provisions of the Assessment Bond Re- funding Act of 1933, as amended, this City Council adopted R~lution of Intention No. 1109 on the 11th day of January, 1938, providing far the refunding of the indeb'~edness of Acquisition and Improvement District 'fro. 24 of the City of L~rnsrrood under the provisions of said Act; and b'"HEREAS, it appears that notice of the hearir.g• on the pro- posed reassessment has been published and posted as required by law a.nd -.t the time and_ ~~lace set for hearing on the ~~roi~osed reassess- rlent a hearing vacs duly had a.nd the said hearing has been regularly continued fro!n time to time by tree orders entered upon the' m:`_nutes of this City Council and this is the time and place to whic~~ said hear ing has been regularly continued; and brIHEREAS, no protest or objection to the said reassessment or a.ny of the reasseesrnents u_on the respective lots, pieces or u;~rcels of land reassessed. or to any action or determination in the making of said reassessment or in the ;oroceedin~~~s for said. reassess- ', went and refunding has been filed or made, and no protest or objection to the amounts of any of the reassessments or to the~alidity or le- ga.lity of any of the proceedings for said reassessment or refunding has been filed or made; and 1~dHEREAS, no ob•jeetion or protest upon any ground whatever has been filed or made and evidence hr~.s been taken on the reassess- . nient anc?_ refunding proceedings: NOVI, THErEFORE, THE CITY COUNCILOF THE CITY OF LYNbF00D, CALIF ORI~? IA, DOES HEREBY RESOLVE, D.?TER?~.~iINE AND ORDER A S FOLLO~'JS Section 1. T:na.t said District lies partially in the City of Lyn~xrood and bartially i n the Count~,r of Los Angeles and. that the Board of Supervisors of the County of Los Angeles by resolution duly adopted, consenter. to tl~e refunding of the indebtedness of said Dis- trict under the afore;~entioned Act and to the levy of a. reassessment • therefor uncaer sai~' Act and to this City Council Inducting said re- fundin~~~ ,proceedings, Und a certified copy of said resolution vras du1_y filed witri the City C1Prk of the City of Lym-rood prior to the adoption of the resolution of intention in this refun~.ing proceeding. That said. resolution of intention, t,eing~ Resolution No. 1109, vras duly adopted and conta_iris all tr,LLe :natters a.nd things required by law and is in every respect regular a.nd sufficient. That said resolution vans published at the time and in the form and manner required by law and that conies of such resolution headed i1NOTTCE OF refunding and. reassessment" were posted at the tune and as required by la_w, a.nd that a. cop~r of the resolution as p:,?blished Y1Tas mailed, post<..ge prepaid, at the time a_nd in the manner a.nd to the }4ersons required by law, and affid_a~its of such publica- tion, posting and mailing v~rere duly filed as required by laaT in the office of the City Clerk of the City of L,yn~Tood. That ahearing was held pursuant to said resolution at the time and place stated Cher=yin and_ that at or before the time fixed fo: said hearing no property owner or person intere~ ted_ filed or made any written ob,jedtion to the proposed refunding a.nd no ora.1 objection to said proposed. refunding wa.s made, and_ the vrritten consent of the o~jrn~-rs of a mYa jority in area of the lands in the District consenting to the proposed refunding and reassessment was filed before the tune of said hearing, and this City Co~_~ncil duly determined. that such ' consent had been filed and was sufficient a_nd duly adopted and en- tered upon. the minutes its resolution determining that the crritten consent of the ov~rners of a majority in area of the land in said Dis- trict had been filed, and thereafter by resolution duly adopted and entered upon its minutes, orr.ered the refunding>; and rea.sse~sment. That pursuant to the direction of said City Council, the City Engineer prepared a diagram of the pro_~~©rty included within the District upon vahich the reassessment should be levied and said dia- gram vacs delivered to the Superintendent of Streets of the Cityof L;rnwoor_ anc~_ he thereafter proceeded to ma.r~e the reaseesss.nent in a.c- cordance vritn the -foresaid Act, and ~~r7~~en said reassessment v4~as com- pleted it w~.s filed_ vrith the Cl~r=~ of t'r_e Counc=~ 1 anc? tr_is Council directed said Cler'_~ to give notice of the filing of said rea_ssessnent and of t<~e tune and place yr>'en and v~ihere all .rersons interested in the reassessment ~~rould be heard by this City Council a_nd_ trot there- ^.fter said Clerk published a. notice of hearing on the proposed re- assessrnent containing all matters and thin~~s required by la.vr at the time and in the manner rrovid.ed by law and ~~osted the same upon all open streets within said District at the tine a.nd in the manner re- quired bJ~ lave, and affidavits of slzch t~ostin~; a.nc? 6,ublic;ation vrere ~~ duly filed in the office of said_ Cit-.r Cleric ~,.nd }~a.ve been presented. to this City Council ?rya tr_is Cite Council hereb;r fines s and_ de- termines that tine notice of hea.rin~~ tifiaas i n all respects sufficient and. that t'r?e sa.rne hz-.s been Published a_,-,d ~::~oste« as~ required by la. w, an:~. this City Council further f _nc~_s and ,leterrnines that the hearing on the proposed reassessment has been had at the time and ;~15ce set fort}~i in the notice a?~d in the manner required_ by 7_a.w anc~ th~~.t said 'nearing has been du~_~r and "egulr=.rlsr ~ djourned a.nd continued from time to tii:re a.n~~ ha-.a been held a.nd concluded in the manner required by law, anci that this Cit~r Co~~ncil has n.ear^_ evidence relating to the refunding, a.nd reassess:-Went proceedings anc_ the srecific reas- ses`~zents and finds t'r~a:t the r~ assessme_n_t is just anc_ i n a.ccorda.nce i~rith the `'a.cts a_nd a.x~portioned according to benefits, and ti,-~.t all of t}~~e =action^, determinations, resoluti~~ns and orders, and all of the ~^~roceedin~~s here•tofrare ta.I:en in said reassessment anal refund in~• proceeding are regular, valid a.nd_ sufficient, and that the diagram a.ttac}ed to said reassessment is regular, va~id and sufficient. Section 2. That said reassessment, as filed, is hereby conf iri,~e d. Section 3. That the hoL?_ers of all outstr.nding bonds and interest coin:-ons of said District (except bond Tdo. <~0) not ot~:ned by the City of Lynrr~ood or the County of Los _Anreles h-ave c~;ntracted to exc~a.nge such bonds a.nd interer=t cou~-ons for cash in the refund- ing proceedings and. a_ retire,:~ent fund sufficient to 1:~rovide for the retirement or ~ayrnent of said t;~ond No. 80 and all interest cour~~ons ap~;urtenant thereto h~,s been created and moneys sufficient for that -purpose placed in said retirement fund arid. It is }~erebv directed that sair',. reassessr:~ent, as confirmed, be recorded grit}~~ t~.e Superin- tendent of Streets of t=~:e Cit;~ of L-rnb:-pod. y Section 4. That this resolution be entered in full upon . the minutes ;,f this City Council." ti~ner~u~^on it ~~ ~s moved by Council:~an ~~teyer and seconded by Councilman Lake that said Resolution No. 111 be adopted. Roll Call: AJre Councilmen Lake, iuleyer and Pd=.lion. Noes: None. Absent : Councilmen Bolter ~..nd_ Snyder. Thereupon RESOLi~TI0s~1 N0. 1.152, entitled: "RESOLUTION DI- RECTING NOTICE TO BE GI`~~'EPd OF RECORDATIOi OF REASSESS~iE1~rT APdD RE- QC.TESTIIdG CANCELLATION ~~F UNPAID SPECIAL AS;ESSI.~iENT TAXES," in con- necti ,n ti^:ith Refunding the indebtedness of said A. ~ I. District T'o. 24, was read. It ~xras moved by CounciLna.n Lake and seconded bjr Coun- cilr:.a_n r.2e;~er that said Resolution No. 1152 be adopted. Roll Call: Ayes: councilmen Lake, ~Ie~~er a.nd NatlOn. P~?oes: None. Absent : Councilr?ren Bps ter 2'rid Snyder. WRITTEi~i C_OIyIi~.~iUPd~}:CATIOiyS A corilrnunication wa.s received from J. P~"y''raintz requesting ermzs- ion to move in a tempora_rT;- real estate office to belocated on t'~~e southwest corner of Ttia~eedy Bouleva~~~' and Long Beach Blvd. for t're pr~r~.~ose of selling;-, 120 Lots in Tract No. 704C, which 4~rotald_ be a frare structure. After cue c^nsideration of the matter the Buildin`r Inspector vras instructed tc a~_vise P.~r. ?~,riyKra.intz that it will be necessar~% for him to c~;nstruct ornove a_ t,uilding that ?mould conform to the zone noti~r establishec_ there ~:~~hich ?provides for st~_~cco construction. En~~ineer Bateman -re~~.orted on t}~~e bid of South rn C~:.lifornia Edison Co., Ltd., stating th=at sa.::ie conT"ori~:s to rates no~~~ esta~b~_ished. Thereupon RESOLUTION N0. 113, entitled: "A RESOLUTIC~}ti OF THE CITY OF L1TTI±~OOD APdARDIi~G CC)PJTRACT FOR FURi~?ISHING ELECTRIC CURRENT FOR PURrOSE CF ILLU:~I'<ATIIdC= CERTAII,T STREET LAi:~PS IN SAID CITY TO THE SG~THERN CALIFORI~TIA EDISCI~ CCi,PAidY", eras read. It ~'ras rioved by Coun- cilman La-ice and seconded by Ccuncilraan '~1e;,%er that said Resolution be sdopted. Roll Call: ' Ayer Councilman Lake, '"e~rer and I~lation. Noes : Nor_e . Absent : Councilmen Bo ster anry Sn,Tder. ORDI:<AIvCE PdC. 301, entitled: "AN Ot~DITANCE OF TI-~E CITY 0~}Uiu- CIL OF THE CITY OF LYid;'IOOD, CALIF ORi~IA, VA_CATIIdG, AiAx~`DONING AI'L` CLOSITvG THE RP_ILF'~AY Cr~OSSIi~IG UPOri THE FAC IFIC ELECTRIC RAIL'r'AY K.NO."rN AS 6N-1C.27 LCGATED UPCT~1 B~JLLIS r?OAD, IN TrE CI^lY OF LVId1+OCD, CALIF- ORNIA," v~a.s re-d for t}~e second time. It rra~ mop%ed bJT Councilman La•:e a.nd seconded by Council:tan I~~7e~rF-r t'r.at said. Or^inance be adopted 3 as read tr.e secc;n:l. time, finall~T ~~ass and be ~u~~lished as requ~ed by 1a~,7. Roll Call: _Ayes: Councilmen Lake, ?':~eyer and T•lation. Noes : N~,ne . Absent : CouncilmenBoster a.ral Snyder. It was rloved by Councilman Lake and seconded bt~ Councilman r~.~7eyer that .the rneetin~; ad,jo~arn to September 20th, 103, a_t 7:30 P.?~:Z. All members of the Council present voting; a.ye, the r~~~ayor declared the motion duly carried and it wa.s so or~.ered. IvAV0~0~HC~~ r YN~;;' D. ATTEST: ---_ ----~~ CI Y ERK, CITY OF LYvZ~d00D