HomeMy Public PortalAbout86-123 (10-07-86)RESOLUTION NO. 86-.123
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD APPROVING THE PURCHASE OF CERTAIN
REAL PROPERTY FROM THE DEPARTMENT OF TRANS-
PORTATION OF THE STATE OF CALIFORNIA AND
AUTHORIZING EXECUTION OF AGREEMENTS
WHEREAS, on September 2, 1986, Council approved the purchase
of excess CALTRANS properties for parkland development for an
amount not to exceed one million dollars; and
WHEREAS, CALTRANS has offered to sell surplus properties
to the City as appraisals are completed, at Fair Market value for
public purposes; and
WHEREAS, CALTRANS has completed appraisals on seven surplus
parcels and has offered to sell them to the City for $529,100;
and
WHEREAS, CALTRANS requires that a down payment of ten
percent (10%) of the sales price, $53,910, be submitted
by October 14, 1986, along with executed purchase sale agreements;
WHEREAS, the City is utilizing CDBG funds for the purchase
of said surplus CALTRANS properties.
NOW, THEREFORE, the City Council of the City of Lynwood does
hereby determine, order and resolve as follows:
SECTION 1. Approve the ten percent down payment for the
acquisition of seven CALTRANS properties for parkland development
totalling $53,910, and the remaining balance of $485,190 when due
as follows:
Required
Parcel Total Cost SF Down Payment
054723-01-01 $46,200 8,716 $4,620
054738-01-01 54,800 9,788 5,480
054740-01-01 43,200 7,086 4,320
054741-01-01 42,400 7,574 4,240
054742-01-01 39,100 7,668 3,910
054748-01-01 65,400 12,310 6,540
054768-01-01 248,000 49,584 24,800
TOTALS $539,100 $102,726 $53,910
SECTION 2. Approve the execution of the attached purchase
sales agreements.
PASSED, APPROVED and ADOPTED this 7th day of October 1986.
ROBERT HENNING, or
City of Lynwood
ATTEST:
~~'~~~~
ANDREA L. HOOPER, City erk
City of Lynwood
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
`\--- ~' C
CITY ATTORNEY
r
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
ss.
~~~
VICENTE L. S, Director
City of Lynwood
ACCOU TING MANAGER
I, the undersigned, City Clerk of the City of Lynwood,
do hereby certify that the foregoing resolution was passed
and adopted by the City Council of the City of Lynwood at a
regular meeting held on the 7th day of October 1986.
and passed by the following vote:
AYES: COUNCILPERSON BYORK, MORRIS, 1VELL,S, HENNING
NOES: NONF.
ABSENT: NONE
C
ANDREA L. HOOPER CITY C- RK
City of Lynwood
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' CITY OF LYNTd00D
' COUNC11: POLICY
.,
SUBJECT: PREPAID WARRANTS
Dated
MAYOR, City of
CITY ' COT3~TC
PURPOSE
To establish a policy for issuing warrants prior to audit by the City Council.
BACKGROUND
There are certain bills for which warrants must be issued prior to City Council
approval. The City needs a policy which outlines what those warrants are, and
a procedure to follow for issuing them.
POLICY .
It is the policy of the City of Lynwood to issue the following types of warrant
prior to City Council audit:
1. Payroll
2. Employee benefits.
3. Items which conform to the Council approved budget. Warrants for these types
of items will only be issued if there is a clear and compelling reason to do so.
PROCEDURE
1. Payroll and employee benefit warrants shall be presented to the Treasurer who
shall make the payments without prior Council approval.. Employee benefit
Warrants shall include: Workers compensation; health insurance; life insurance;
PERS; auto allowance; and uniform allowance.
2. Items which conform to the Council approved budget shalt be certified as such
by the City P1anager (or his designee) and the City Clerk and will be eligible
for prepayment pursuant to the above policy.
3. All warrants that are paid prior to audit by the City Council shall be presented
far ratification and approval at the first meeting after deliver..y of said
warrants.