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HomeMy WebLinkAboutCC Res 268 1936-01-02 I I I . .. ~- .: . - < RESOLUTION NO.~ A RESOLUTION ACCEPTING THE OFFER OF THE UNITED STATES TO THE CITY OF SEAL BEACH, CALIFORNIA, TO AID BY WAY OF LOAN AND BRANT IN FINANCIID THE CONSTRUCTION OF A WATERWORKS SYSTEM. BE IT RESOLVED by the City Council of the City of Seal Beaoh, California; as follows: Section 1. That the offer of the United States of America to the City of Seal Beach, California, to aid by way of loan and grant in financing the construction of a Waterworks System, a copy of which offer reads as follows: " P.W.46599-3 FEDERAL EMERGENCY ADMINISTRATION OF PUBLIC ~70RKS WaShington, D.C., December 11 1935. State File ho.Calif.1138. City of Seal BeaCh, Seal Beach, California. 1. Subject to the Rules and Regulations (PWA Form No.166 July 22, 1935, as amended to date) which are made a psbt hereof, the ~nited States of America hereby offers to aid in financing the constructi.~ of a water- works system, (herein called the"projectll ~ by making a grant to City of Seal Beach:.(herein oalled the "Applicantl ) in the amount of 45 percent of the cost of the Projeot upon completion, as determined by the Federal Emergenoy Administrator ~f Publio Works, but not to exoeed, in any event, the sum of $24,545, and by purchasing, at the prinoipal amount thereof plus accrued interest thereon, from the City of Seal Beach, obligations of the description set forth below(or such other description as shall be mutually satisfaotory) in the aggrega~e principal amount of $30,000, less suoh amount of such obligations, if any, as the C1ty of Seal BeaCh, may, with the oonsent of the Federal Emergency Administratc!lr:"of Public Vlorks, sell to purchasers other than the United States of America: (a) Obligor: City of Seal Beaoh; (b) ~pe: Negotiable, genersl obligation, coupon bond, designated "Water Works s'lstem Bond of 1935"; (c) Denomination: ~1,000; (d) Date: April 1, 1935; (e) Interest rate and interest payment dates: 4% per annUM, payable semi-annually on April 1 and October 1 in each year; (f) Place of payment; At the Office of the City Treasurer of the City of Seal Beach, Bramge County, California; (g) Registration privileges: Registerable as to both principal and interest; (h) Maturities: $1,000 on April 1 in eaoh of the years 1936 to 1945, inclusive, and 02,000 on April 1 in each pr the yemrs 1946 to 1955, inclusive; (1) Security: Payable, as to both principal and interest, from ad valorem taxes which may be levied without limit as to rate or amount upon all property within the territorial limits of and subject to taxation by said City ot Seal Beach(exoept that certain intangible property is taxable at a limited rate). 2. This of tel' is oonditioned upon the Applioant's applying not more than the amount of e6,865 ot the runds to be furnished by the United States of America thBou'h the Federal Emergenoy Administration of Public Works to the acquisition of land in conneotion with the Projeot. UNITED STATES OF AMERICA Federal Emergenoy Administrator of' Publio Works By Horatio B.HBckett Assistant Administrator." be and the same is hereby in all respects accepted. page 1. State of' Calif'ornia) County of' Orange ) ss. City of' Seal Beach ) I, Ollie B. Padriok, City Clerk of the City of' leal Beaoh, Cali- f'ornia, do hereby oertify that the f'oregoing resolution was duly passed and adopted at a regular meeting of' the City Counoil of said City, duly held on the 2nd dsy of' January, 1936, and thereupon signed and approved by the Mayor of said City, and that said resolution was adopted by the , i-~o~~}ng vote: ~. //. /J ~'..~-,.;~,~ AyeS;COUnoilmen:~., 4JaJ;//"-("~~rhl "\. _~~t &' """J'..... ' ,.., -.... - ~ --:. "~ .:::(~ \&. Noes; Counoilmen: one . n". ~; - - ( S E ~~;:; Absent;Counoilmen: ..fAA-t.A~) ...~~ lJM;AIJj 0:;;7" -;'= ~~ ~~7~ " ~ 9- ....i..<;;:- ;.,( JA. ~"\q.,... .......i=::::- cae 0 'the y 0 a Beaoh,Ualif'ornia <~".."'e:-,:"" ~ '\...~_- -'"S~si:a~'bT California) '" - County of' Orange ) ss. City of' Seal Beach ) I, Ollie B. Padrick, City Clerk of' the City of Seal Beach, County of Orange, State of California, do hereby certify that the f'oregoing is a full, true and correct oopy of the original Resolutdon No.268 now on file and of' record in my of'fice, with which original I have carefully eompared the same. IN WITNESS WHEREOF, off~oial seal of' said City -~ ~~ b:',Cf*\ .. . ~-":..~,..h' ~"" ..,.~7");,,,..c~..... 1.,.-;;.... ( S E A~'~ ) ~ ~ ........~~~ .. ~ - Q~~ ....c. ~. """:,c ~.. ~~::..: -:::;.. .......~- ~ ~ .....0..".,,;,.- ~..: ....ro-.... ;..-=-...;"~,:"- .. ,., .. eo::._ ...,.,-;,......~ ....S ~;:::~.....,~~,: ." , ... .:-~ I I Resolution Number , . . "" . Section 2. That said City of Seal Beaoh agrees to abide by all the rules and regulations relating to such loan and grant a oopy of' which rules and regulations were annexed to the Government's offer and made a part :l1hS!i'BOf'. Section 3. That the City Clerk be and she is hereby authorized and direoted f'orthwith to send to the ~~Emergency Administration of' Public Works three certif'ied oopies of' this Resolution and three oerti- f'ied oopies of the prooeedings of' this City Council meeting in oonnection with the adoption of' this Resolution, and such further d&ouments or proofs in connection with the soceptance of' said of'fer as may be request- ed by the Federal Emergenoy Administration of' Public Vlorks. I Adopted, Signed and approved this 2ftd~ day of' January, 1936. Attest: ~ Mayor Of' the y 0 eac , Callf'ornia. I have hereunto set my hand and af'f'ixed the of Seal Beach, this 2nd, day of January, 1936. Clty~~J~<<f~f~ Seal Beach, California . page 2.