HomeMy WebLinkAboutResolution No. 1225 7
1.S5
RESOLUTION NO.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
DETERMINING THAT A PORTION OF THE COST AND EXPENSES
FOR VEHICLE PARKING DISTRICT 1 SHALL BE PAID BY THE
CITY
WHEREAS, by Ordinance No. 165 the City Council of the
City of Downey did determine that a portion of the cost and
expenses of the acquisition and improvement for Vehicle
Parking District No. 1 shall be paid out of the Treasury of
the City from the General Fund thereof; and
WHEREAS, by Ordinance No. 198 the City Council ordered
the formation of said district; and
WHEREAS, by Ordinance No. 219 the City Council ordered
certain changes to be made in the said district by the
acquisition and improvement of additional lands for off-street
parking purposes; and
WHEREAS, by reason of such change, additional actions in
condemnation were required to be brought to acquire such lands,
thus delaying the completion of the acquisition of the land
described in said Ordinance No. 198; and
WHEREAS, it is necessary for the public convenience and
welfare that the off - street parking sites be acquired and
developed at the earliest possible date and the City has advanced
certain of its funds to said district to complete the acquisition
of a portion of said land; and
WHEREAS, the City by so advancing said sums will lose the
interest thereon; and
WHEREAS, by the settlement of said pending litigation, the
period of time during which the City will lose interest on said
sums so advanced will be reduced materially.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE AS FOLLOWS:
_ - 1
SECTION 1. It hereby is determined that in addition to
the sums specified to be paid by the City out of the General
Fund thereof as set forth in said Ordinance No. 165, the City
shall pay an additional portion of the cost and expenses for
the acquisition and improvement for said Vehicle Parking District
No. 1 and that such portion, in addition to said sums set forth
in Ordinance No. 165, shall be the sum of $7,000.00 to be paid out
of the Treasury of the City from the General Fund thereof.
SECTION 2. The City Clerk shall certify to the adoption of
this resolution, and thenceforth and thereafter the same shall be
in full force and effect.
APPROVED AND ADOPTED this day of . 1 Y , 1963.
Mayor
ATTEST:
City Clerk
I HEREBY CERTIFY that the foregoing resolution was adopted at
a meeting of the City Council of the City of Downey held
on the day of { { tJ ��., = , 1963, by the following vote:
•
�' • _fit' 7 ! � -%, ` �'22 '. ; /'l,/ t -c' ��C' "-lL'
AYES: Councilmen:
NOES: Councilmen:
ABSENT: / Councilmen: '.L., A) -%
City Cler•
-2-
k