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HomeMy Public PortalAboutOrd. 0148ORDINANCE N0. 148. AN uRDINANCE OF THE CITY COUNCIL OF THE CITY OF LMi00D, CALIFORNIA FIXING THE AlMUNT OF MONEY NECESSARY TO BE RAISED BY TAXATION UPON TEE TAXABLE PROPERTY WITHIN THE LIMITS OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES STATE OF CALIFORNIA, AS REVENUE FOR SAID CITY TO PROVIDE MR CARRYING ON THE SEVERAL AND RESPECTIVE FUNCTIONS OF MUNI- CIPAL GOVERNMENT OF SAID CITY FOR THE FISCAL YEAR BEGIN- NING JULY 1, 1930 AND ENDING JUNE 30, 1931 AND FOR TIM PURPOSE OF PROVIDING FOR THE PAYMENT OF THE MATURING POR- TIONS OF TEE PRINCIPAL OF AND THE INTEREST ON THE I1dUNICI- PAL AND OTHER BONDED INDEBTEDNESS BECOMING DUE IN SAID FISCAL YEAR. 0 - - - - - The City Council of the City of Lynwood do ordain as fol- lows: Section 1. That the amount of money necessary to be raised by taxation upon the taxable property within the limits of the City of Lynwood, County of Los Angeles, State of California, as revenue for said City to provide.for carrying on the several and respective functions of municipal government in said City for the fiscal year beginning July 1, 1930 and ending June 30, 1931 is hereby fixed as follows: The emount necessary to be raised by taxation upon the taxable property within the limits of said City for said fiscal year for the hereinabove stated purpose is Fifty -Five Thousand Four Hundred Ninety -Eight and 401100 Dollars (55,498.40) Section 2. That the amount of money necessary to be raised by taxation upon the taxable property within the limits of the City of Lynwood, County of Los Angeles, State of California to provide for the payment of the interest on and that portion of the principal of those certain bonds of the said City .of Lynwood, authorized by the electors of said City at an election held in said City on the twenty- second day of Oct ber, 1927 in the principal amount of fifty thousand dollars 050,000.00) as is to become due before the time for making the next.general tax levy, is the sum of Three Thou- sand Eight Hundred Fifty Dollars ($3,850.00) Section 3. That, in addition to the amounts of money necessary to be raised'by taxation upon the taxable property within the limits of the said City of Lynwood for municipal purposes, the amount of money necessary to be raised by taxation upon the taxable lands, exclusive of improvements in the Assessment District described in the proceedings creating Municipal Improvement District Number 1 of the City of Lynwood, California under the provisions of the Municipal Improvement District Act of 1927 of the State of California, to provide for the payment of the interest on and such portion of the principal of the bonds issued by virtue of such proceedings -as--is to become due - before the time for making the next gem ral tax levy and to be assessed upon the taxable lands, exclusive of improvements, in said Municipal Improvement District Number 1 of the said City of Lynwood, is the sum of Two Thousand Two Hundred Fifty -Nine and 58100 Dollars (2,259.58). Section 4. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not including the improvements thereon) in the Assessment District described in the ceedings creating Acquisition and Improvement District No. 4 of the City of Lynwood, California under the provisions of Acquisition and Imprbienient Act of 1925 of the State of California and amendments - 2 thereto, to provide for the payment of the interest an and such portion of the principal of the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest and principal, and to be assessed upon the seal property (not including the improvements thereon) in Acquisition and Imp orement District Number 4 of the said City of Lynwood, is the sum of five Thousand One Hundred Seventy@Four and 23100 Dollars (45,174.23) Section 5. That in addition to the amounts of money nec- essary,to be rais by taxation upon property of all kinds within the lWts of said ity of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 6 of the City of Lynwood, CalLifovmia under the provisions of Acquisi- tion and Improvement Act of 1925 of the State of California and Amend- ments thereto, to provide for the payment of the interest on and such portion of the principal bf the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next gdneral tax levy for general municipal purposes can be made available for the payment of said interest and principal, ani. to be assessed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 6 of the said` City of.Lynw is the sum of Four. :: Thousand one— Hundred Sixty Three and 62100 Dollars (44,163.62). Section 6. That in addition to the amount of money nec- essary to be raised by taxation upon property of all kinds within the lints of the said City of Lynwood, the amount of money necessary to be raised' "by taxation upon real property ing the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 7 of the City of Lynwood, Call fornia under the provisions of Acquisi- tion and Improvement Act of 1925 of the State of California and amendments thereto, to provide for the payment of the interest on and such portion of the principal of the bonds issued under said pxo,- ceedings as will become due before the proceeds of another tax lev;; made at the time of the next general tax levy for general municipal pur- poses can. be made available for the payment of said interest and principal., and to be assessed upon the real propertyn(not including the improvement thereon) in Acquisition and Improvement District Num- ber 7 of the said City of Lynwood, is the sum of Fifteen Thousand Seven Hundred Sixteen and 05/100 Dollars (415,716.05). Section 7. That in addition to the amount of money nec- essary to be raised by taxation upon the property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District No. 8 of the City of Lynwood, California under the provi- sions of Acquisition and Improvement Act of 1925 of the State of California and Amendments thereto, to grovide for the payment of the interest on and such portion of the principal of the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest and principal, and to be assessed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 8 of the said City of Lynwood, is the sum of Twenty -Light Thousand Nine Hundred Ninety -Two and 07/100 Dol- lars (428,992.07). � 3 - . Section 8. That in addition to the amounts of money nec- essary to be raised b y taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 9 of jhe City of Lynwood, California under the provisions of Acquisition and ,mprovement Act of 1925 of the State of California and amendments there- to, to provide for the payment of the interest on andsuchportion of the principal of the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general nunicipal purposes can be made avail- able for the payment of said interest and principal, and to be asses- sed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 9 of the said Cityy of Lynwood, is the sum of Seventeen Thousand Ninety -Six and 84100 Dol- lars ($17,096.84). Section 9. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of "Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not includ- ing the imrppovements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Num- ber 10 of the City of Lynwood, Californiaunder the provisions of Acgl.i -. sition and Improvement Act of 1925 of thelatate of California and Amendments thereto, to provide for the payment of the interest on and such portion of the principal of the bonds issued under said proceedings as wil become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available: for the payment of said interest and principal, and - -- to be assessed upon the real_:property (no_t_- including the_ improvements thereon).-in Acquisition and Improvement District Number 10 of the said Cit of. %ynwood, is the sum of Tvelve Thousand Seven Hundred Fifty and 0600 Dollars ($'12,750.06) 1 . Section 10. That in addition to the amount of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (ii ®t including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition Improvement District Number 11 of the City of Lynwoodlr California under the provisions of Acquisi- tion and Improvement Act of 1925 of the State of Califonria and amend- ments thereto, to provide for the payment of the interest on and such portion of the principal of the bonds issued under said proceed- ings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest and principal and to be assessed upon the real property (not including the improve- ments thereon) in Acquisition and Improvement District Number 11 of the City of Lynwood, is the sum of Eight Thousand Two Hundred Five and 82,100 Dollars ($8,205.82). Section 11. That in additiont.to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 15 of the City of Lynwood, California under the provisions of Acquisition and Improvement Act of 1925 of the State of California and amendments ther5to, to provide for the payment of the interest on and such por- tion of the principal of the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest and principal, and to be assessed upon the real property(not including the improvements thereon) in Acquisition and Improvement District Number 15 of the said City of Lynwood, is the sum of Seventeen Thousand One Hundred Thirty -Two and ?0/100 Dollars ("17,132.70). Section 12. That in addition to the amount of money nec- essary to be .raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be reaised by taxation upon the taxable real property (not in- cluding the improvements thereon) in the Assessment District descri- bed'in the proceedings creating Acquisition and Improvement District No. 16 of the City of Lynwood, California under the provisions of Acquisition and Improvement Act of 1925 of the State of California and Amendments thereto, to provide for the payment of the interest 'on the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest, and to be assessed upon the real pro- perty (not including the improvements thereon) in Acquisition and improvement District Number 16 of the said City of IN7rLWOOa, is the sum of lour Thousand Three Hundred Sixty -One and 690 Dollars ($4,361.69).- Section 13. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not includ- ing the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 17 of the City of Lynwood, California under the provisions of Acqui- sition and Improvement Act of 1925 of the State of California and amendments thereto, to provide for the payment of the interest on and such portion of the principal of the bonds issued under said pro - ceedings will - become due before` the — proceeds of another tax levy - made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest and principal, and to be'assessed• upon the real property (not including the improvements thereon) in Acquisition and Improvement District . Number 17 of the said City of Lynwood, is the sum of Six Thousarf. Four Hundred Eighty -Three and 31100 Dollars ($6,483.31). Section 14. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not includ- ing the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 20 of the City of Lynwood, California under the provisions of Acqui- sition and Improvement Act of 1925 of the State of California and amendments thereto, to provide for the payment of the interest on the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest, and to be assessed upon the real pro- perty (not including the improvements thereon) in Acquisition and im- provement District Number 20 of the said City of ynwood, is the sum of Nine Thousand Light Hundred Forty -Nine and 1 700 Dollars ($9,849.17). Section 15. That in addition to the amount.of money nec- essary to be raised by taxation upon property ofell kinds within the limits of the said City of Lynwood, the amount of money nec- essary to be raised bytaxation upon the taxable real property (not including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 22 of the City of Lynwood, California under the provisions of Acquisition and Improvement Act of 1925 of the State of California and amendments thereto, to provide for the ,payment of the interest on and such portiion of the principal of the bonds - 5 - issued under said proceedings as will become due before the proceed& of another tax levy made at the time of the next general municipai purposes. can be made available for.the payment of said interest and principal, and to be assessed upon the real property (not in- cluding the improvements thereon) in Acquisition and Improvement District Number 22 df the said City of Dyngood, is the sum of Five Thousand Seven Hundred Ninety -Eight and 26100 Dollars O5,798.26). Section 16. That in addition to the amounts of money necessary to be raised by taxation upon property of all kinds within the limitssof the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not includ- ing the improvements thereon) in the assessment District described in the.proceedings creating Acquisition and Improvement District Number 23 of the City of Lynwood, California under the provisions of Acquisition and Improvement Act. of 1925 of the State of California and amendments thereto, to provide for the payment of interest on the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next gen- eral tax levy for general municipal purposes can be made available for the payment of said interest, and to be assessed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 23 of the said City of Lynwood, is the sum of Two Thousand One Hundred Six and 06/100 Dollars ($2,106.08). Sectnn 17. That in addition to the amount of money nec- essary to be raised by taxation upon propertyof all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not includ- ing the improvements.thereon) in the Assessment District described _. in -the- proceedings creating Acquisition -and" Improvement District Number 25 of the City of Lynzrood, Calif orsia under the provisions of Acquisition and Improvement Act of 1925 of the State of California and amendments thereto, to provide for the payment of interest on the, bonds issued under said proceedings as will become due be- for the proceeds of another tax levy made at the time of the next general tax levy for municipal purposes can be made available for the payment of said interest, and to be assessed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 25 of the said City of Lynwood, is the s mn of Eleven Thousand Five Hundred Two and 48 100 Dollars ($11,502.48). Section 18. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real proper w including the improvements thereon) in the Assessment District/ in }�a proceed - ings creating Acquisition and, Improvement District Number 26 of the City of 1pnwood, California under the provisions of :Acquisition and Improvement Act of 1925 of the State of Calif o3n:ia and amendments, thereto, to provide for the payment of the interest on the bonds issued under said proceedings as will become due before the proceeds of another tax .levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest, and to be as- sessed upon the real property (not including the improvements thereon) in Acquisition and Improvement.District Humber 26 of the said City of. Lynwood, is the sum of Two Thousand .Eight Hundred Forty -Four and 26100 Dollars ("2,844.26). f - 6 - Section 19. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the Uitits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not in- cluding the improvements thereon) in the assessment District descri- bed in the proceedings creating Acquisition and Improvement District Number 28 of the City of Lynwood, Califoxmia under the provisions of Acquisition and Improvement Act of 1925 of the State of California and amendments thereto,.to provide for the payment of the interest on the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next gen- eral tax levy general municipal purposes'can be made available for the payment of said interest, and to be assessed upon the real pro- perty (not including the Improvements thereon) in Acquisition and Improvement District Number 28 of the said City of yynnwood, is the sum of Nine Hundred Eighty -Three and 7400 Dollars ($983.74). Section 20. That in addition to.the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money nec- essary to be raised by taxation -upon the taxable real property (not including the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Number 18 of the City of Lynwood, California under the pro- vision of Acquisition and Improvement Act of 1925 of the State of California and amendments thereto, to provide for the payment of the interest on the bonds issued under said proceedings as will be- come due before the proceeds of another tax levy made at the time o the next general tax levy for general municipal purposes can be made ava%ble -for the payment of said interest, and to be assessed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 18 of said City of Lyn- wood, is the sum of Seventy -One Thousand Six Hundred Eighty and 13100 Dollars ("71,680.13). Section 21. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not including 'the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and improvement District Number 19 of the City of Lynwood, California under the provisions of Acquisition an?. Improvement Act of 1925 of the State of California and amendments thereto, to provide for the payment of the interest on and such por- tion of the principal of the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal purposes can be made available for the payment of said interest and principea.and to be assessed upon the real property (not including the improvements thereon) in Acquisition and Improvement DistrIly& 19 of the said City of Lynwood, is the sum of Thirty- Three /Three Hundred T -Two and 34100 Dollars (33,322.34). 1 Section 22. That in addition to the amounts of money nec- essary to be raised by taxation upon property of all kinds within the limits of the said City of Lynwood, the amount of money necessary to be raised by taxation upon the taxable real property (not includ- ing the improvements thereon) in the Assessment District described in the proceedings creating Acquisition and Improvement District Num- ber 24 of the City of Lynwood, California under the provisions of Ac- quisition and Improvement Act of 1925 of the State of California and Amendments thereto, to provide for the payment of the interest on - 7 - the bonds issued under said proceedings as will become due before the proceeds of another tax levy made at the time of the next general tax levy for general municipal.purposes can be made avail- able for the payment of said interest , and to be as- sessed upon the real property (not including the improvements thereon) in Acquisition and Improvement District Number 24 of the said City of Lynwood is the sum of Nine.Thousand Five Hundred One and 01100 Dollars (49,501.011. Section 23. 'This Ordinance shall take effect immediately upon its passage and approval. Section 24. The Clerk of the said City of Lynwood is directed to cause this Ordinance to be published, after its final passage and approval, once in the Lynwood Tribune, a newspaper of gneral circulation published and circulated in said City. PASSED AND ADOPTED this 25 da of August,1930. /�\ Qs.4- TiAYOR F 'jH T OF 0 i 0D. ATTEST: CITY C +RK, IT 0 F LYi700D. STATE OF CALIFO$VIA, ) COUNTY OF LOS ANGELES, ss. CITY OF LYNVIOOD. ) I,. R. YV. Anderson, the undersigned City Clerk of the City of Lynwood, California, do hereby certify that the above and foregoing Ordinance was duly adopted by the City Council.of said City at an adjourned regular meeting thereof held in the City Hall of said City on the 25th day of August, 1930 and passed by the following vote: AYES: COUNCIILrM Williams, Tweedy,Anderson,Kimble k Snodgrass. NOES: COUNCIT21EN None . ABSENT: COUNCILIL'5 None. _ C� tw D .