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HomeMy WebLinkAbout0519 .~ ~ \ - ~ . y ~ ~- . -~r RESOLUTION NO.519 IN THE MATTER OF ACQUISITION AND IMPROVEMENT DISTRICT NO.1 OF THE CITY OF ARCADIA. NOTICE OF HEARING UPON ISSUANCE OF BONDS FOR AN ACQUISITION. NOTICE IS HEREBY GIVEN that, in the matter of acquisition of public ways to be made in the above named district, a hearing will be had at the hour of 8 o'clock P.M., on the 4th day of September, 1929, at the chambers of the City Council of the City of Arcadia, State of California, under the provisions of Section 36 of the Ac- quisition and Improvement Act of 1925, as amended for the purpose of determining whether or not bonds of said ~istrict shall be issued and sold in the sum of Six Thousand Two Hundred Seventy-eieht & 78/100, ($6,278.78) Dollars, to obtain the amount required to pay the Inter- locutory Judgment in the action brought to condemn the property sought to be taken, all costs and expenses chargeable to the plaintiff in said action and all incidential expenses incurred in the proceeding for the above named District, and of furnishing an opportunity to all persons owning lands within said District, or otherwise interested, and feeling aggrieved by any Act or determination done or had in these proceedings for said District, or claiming that any of the previOUS Acts, determinations or proceedings are irregular, defective, erron- eous or faulty, or having any objections to offer or any reason to advance why said bonds should nbt be issued and sold in said amount and for said purposes, to appear before said legislatIve body and be heard upon any of the above mentionedrnatters. Said bonds will bear interest at a rate not to exceed eight (8%) per cent per annum, payable semi-annually, and the aggregate prin- cipal of all bonds issued shall be paid and discharged within fourteen (14) years after the date of issuance, approximately one-twelfth (1/12) part of such aggregate principal to be payable annually; the first payment on the aggregate principal will be made three (3) years after the lli suance thereof, and the first payment on the interest of said bonds so issued to be made on the 2nd day of January, or the 2nd day of July, (whichever month first succeeds the date of such bonds) neKt succeeding one year after the date of such bonds. Said bonds -1- '" ...,10- '!" \.. ... "" ~ / ~ ~, lI!!! j / will not be sold for less than par and will be sold to the best re- sponsible bidder for cash ther60r, consideration being given to the rate of interest at which the bonds are offered, if any. A special fund for the payment of said bonds will be constituted by the levy of special assessment taxes upon the lands within the Assessment District, according to the assessed value of said lands (exclusive of the improvements thereon) and in accordance with the zones and percentages as finally determined by this Counc 11 in its Resolution of Intention adopted by said Council on the 16th day of May, 1928, and in the above mentioned Act. The attention of all persons interested is hereby directed to the provisions of said Act and to the proceedings in the above nAmed matter and district 9n file in the office of the Clerk of the Council of the City of Abcadia. G. G. MEADE Clerk of the Council of the City of Arcad~ Publish Aug. 23-30. '" '-3,,' II La w 01ftce .f Robert C. Wygant 1203-4-5 Cheater Williams Building LOS ANGELES MUtual 7944 '!' -, ,/- \. 1 "" . ....... .~ ~ 1 RESOLUTION No.~/1 IN THE MATTER OF ACQUISITION AND IMPROVEMENT DISTRICT NO. 1 OF THE CITY OF ARCADIA 2 3 ------------------------------ 4 5 RESOLUTION FIXING TIMEF0R HEARING UPON ISSUANCE OF BONDS FOR AN ACQUISITION 6 7 8 WHEREAB, in the matter of Acquisition and Improvement District No.1 of the City of Arradia, the court entered its Interlocutory Judgment in the action broug~t to condemn the lands sought to be acquired in said proceeding on the 29th day of July, 1929, said action being entitled "City of Arca,dia vs Lucretia M. 9 10 11 12 13 " N A Arnold, et al., Superior Court Case o. 255,223, and the ttorney has filed a report with this City Council on the 21st day of 14 l5 August, 1929, setting forth the amounts necessary for the payment of said Interlocutory Judgment and all costs and ~penses charge- 16 able to the plaintiff therein and the amount of the incidental ex- l7 penses of the proceeding, and 18 19 WHEREAS, the total amount for which it is necessary that bonds of the said Di$rict be issued and sold in order to complete the acquisition described in the Resolution of Intention adopted by this City vouncil in the hid proceeding on the 16th day of 20 21 22 May, 1928"is the sum of Six Thousand Two Hundred Seventy-Eight & 23 78/100,($6,278.78) Dollars, md it is the intention of this City 24 Council to order that bonds of said District be issued and sold in 25 26 said amount for said purposes; 27 NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Arcadia, as follows, to-wit: 28 ltf'J-q , That wednesday, the 4th day of sept,ember'A-at the o'clock P.M., is the time, and the chambers of the City 30 29 hour of 8 Counc 11 of 31 he City of Arcadia, State of California, is the place hereby fixed or a hearing upon the issuance of bonds in the total amount of Six housand Two Hundred Seventy-Eight & 78/100,($6,278.78) Dollars 32 -1- " I~ ~'~ .~ ~' J. ~. 1!' ""'- ' / "'" -- . ... f- , 1 agains t the lands in the AssessmeritDisyrict' ,in Acquisition and Improvement .Dis 'trictNo., 1 'of, 'the bity ,of Arcadia, for the pur- pos~ of obtaining.the amount required to;pat the Inte!_l~cutory , . . '. '. . Judgment. iri thed action br~Ught to c.ondemn. th'e property 'sought to ,2 3 4 5 . . . . be t'aken, all costs and expenses chargeable to thep1aintiff 'in' \. " 6 said action and all, incidenta\expen,ses : Incurred in.'the proceed-" 7 ings for the above nlimed 'District'anCl ~~r' the purpose of furn~sh- 8 ing an opportunity to ~ll personsowning'lands within said Dis-' .... " ". "/ . . . 9'triCt, ~ ~r other,v:ise interested,' :andfeelirig aggrieved, by anJ: Act . . . '., , . io' or det~rmiria tion' done ',oX' made. in' t9.,e ,p:ro~eedings !or said District 11. or claiming t~at any of the pre,vious acts o:r'det~rminations or ,12 'proceedings are,~rregu1ar, defective, erro~e~us or fault,. or hav- ..... , 13 . -" -" " , . " .' irig,anyobjections .to offer or' any 'reaso~ to'advance why said bond 14.,sho,uld .not. be is',sued ,and sold in said amount'ani for' said ,purpose , Law Otnce of Robert C, Wygant. 1203-4.5 Chester. Williams Building LOS ANGEL.ES MUtua.l 7944' 15 " to ,a~pear'before 'this city Council-and be hea~d upon any of the 16 , , above mentioned'matters. 17" '" <:..." Said bonds, proposed:~o be issued in 'the amount and for l8 ' the purpo.se a~oresaid, ,,!ill be issued und~r and lI?:pur:suance of th 19 provisiop.s 'of the ACquisitiona~d Improvement A?~ 6f1925, a: s '20: amended, and shall bear inter.es.t ~t: a rate not to e,xceed eight' ,21' 8%,) 'p'er' climt. per ~nrium, pay'ab}Lsemi':'a:nnua1J,y,: ani th~ 'agg~egate ~ " principal of all. bonds issued shall be paid and discharged within . ' . . . ~,' 23 f01,l.I"te~n' (14') years after' the d;:lte of :!.ssuanc~" approximately one- , ..'j' "', '. ~~. "~' '. ",".: ,~, ,..,.'.,'" ...... .,'. . ". twelfth '(1112) ;part'Of such aggr'e,gate principd to be pl1-yable 25' 'f $ ".." ~ ~:;,,':..' ~/' . ,)~ ~~",' '. -'r' -;.. .~.: . .. annuaily;' the fi~st payment ,on the aggregateprinClpal wi'n be -24 26 ade three' (3) ~ years afte~ . tl:J, e, issuance thereof, ani the first , , ' .: >. ...... "..:s.' ~'. ,.' /'. ..'-) ~ ~ - " . '. ." " . , . ayment"ori Ithe~ int~rest\'of :safdbonds 8~ j~s1ied to be mMe on the 27 Said'bonds wi~l:not be sold for less tl).an par 28,'. ' " ' 2nd day, of JanlR ry, or the, 2nd' day of July ( whichever month' ,first 29 uccee<ls - th~ 'date, of such bonds) next'sltcceeding one year sf ter ,the 30 ate of such bonds, . :. n . , nd will be sold to the best responsible bidder for cafi:1 therefor, 32 onsideration being, given to the rate of ''interest. at which the -2'-, , . " .. ..}, Law omce ., Robert C. Wygant 1203-4.5 Cheater Williams Building LOS ANGELES MUtual N44 . ,'!!' 11 ,'![II ~ ../ "Il' "'-- f' / ~'... ~ r . , <}: 1 " bonds"are offered to be p,ur~hased and. the premill!li'off~red, if any. . . ~ -/-. '\'" . ',' I ' . I' . . . . .' As~eola3.', .eun~~o'~"th~:'.p~Yll!en;t,~ o.! :s,ald bon:ls~will be constituted ' 2 3 ~y t~e levy of special assessment taxes upo~ the lands within the .~\ , . 4 ,assess~erit:.di~tri'!t, a~qording to. :the assessed value of stli,d, ~iands, . . . "\ '.' ,t,.: " "~. \ '.; ,'.. ,.:,". . , :~" . '.. . . :, (ex.clusi va of trre "l'fupt"oiTemJ'nfs' thereon) and in' accordance with the 5 6 , ' zones'an:l percentages as finall,Y ,determiI,Jed,by, this CO,uncj,l,i~ 1 its Resolution of Intention adopted May 16, 1928. ". ' 8 J , . . The C'lerk of~.tp.ii3 COuncil shall prepare i.md sign a Notice of" the abo";'e ,mentioned hearing' and shall'caus~ the same 'to be pub':" lished by,at least two insertions in the newspaper designated i~ the Resoluti'on of Intention ,in ';the aboye ,entitled mat~er, and 9, 10 11 12 '. , ' shall caus'e a ~opy of said Notice to be pos'ted and kept posted " 13' 'fo'r at least two days on or near th.e'chimb~r door of thi's City 14 Council, 'the date of"the f.irstpublication and 'that of said post- .' . '. . \ .... 15 , . ing tobe not less than, t~n days befOre the,date fixed herein for , , 16 " said hearing.' i7 ar hereby certify' that the',' for eg'oing 're~olution was.' 18 , adopted bi theCounbu of. 'the CitY,of Arcadia, at a regu;J.w 19 20 meeting held on the 21st, day of AugY, 1929,. by the' following vote of' the ~embers thereof: ' , AYES~,.t:l41 ~-J~~?h N~S' -?~ .',' " '",' ' ~BSE~T':.'~~':~' , . . t771 ')~>-'-/ JZr-;- " , " , Mayor. of tie' C1~~~ Al"ca'dia. 21 22 .. 23 24 25 ' 26 AT~ Mi' , , ,y G er ~ .." . ..... 27 28 ,.' "j, ,29 :.,\" 30 73-. " 31 32 .~, .