HomeMy WebLinkAboutResolutions - No. 03-09-1908bResolution No 12
Determining that the Public Interest and necessity demand the acquisition. Construction
and completion of certain municipal improvements for and in the City of Lodi, to wit: A
sewer System with a Sewer Plant; also, a Combined Plant for Supplying said City and Its
Inhabitants with Water and Light
Whereas, the Board of Trustees of the City of Lodi has heretofore adopted the plans
specifications and estimates of cost, furnished by H. H. Henderson, a competent engineer,
on file of date March 16, 1908, for each of the two Municipal improvements hereinafter
mentioned
Resolved, that it is hereby determined and declared that the public interest and necessity
demand the acquisition, construction and completion of a sewer system with sewer plant,
in and for said City for its use and that of its inhabitants, a municipal improvement the
estimated cost of which is $50,0000 and that the cost of said improvement, as well as said
estimated cost of the same, is and will be too great to be paid out of the ordinary annual
income and revenue of said City, and that said improvement requires an expenditure
greater than any amount allowed for such improvement by the annual tax levy:
That the public interest and necessity demand also, the acquisition, construction and
completion of a combined plant for supplying said City and its inhabitants with water and
electrical light, a municipal improvement the estimate cost of which is $76,000, and that
the cost of said last named improvement, as well as said estimated cost of the same, is
and will be too great to be paid out of the ordinary annual income and revenue of said
City and that said cost named improvement requires an expenditure greater than any
amount allowed for such improvement by the annual tax levy.
It is further determined and declared that the assessed value of all the real and personal
property of said City of Lodi, that is to say, of all said property within the corporate limit
of said City, now exceeds the sum of $887,000, at which said sum and said property was
assessed at the cost assessment for the Municipal taxes of said City.
And it is further determined and declared that said City has now no funded or bonded
indebtedness whatever, and that the moneys of said City now in the City Treasury
available for the payment of floating indebtedness and incurred obligations greatly
exceeds in amount the aggregate of such indebtedness and obligations, and that said City
has virtually no indebtedness whatever.
The foregoing resolution was, at a regular meeting of the Board of Trustees of the City of
Lodi, held on the 16`h day of March, 1908, introduced for adoption, and was thereafter, at
an adjourned regular meeting of said Board, held on the day of March, 1908, duly
adopted and passed by the following vote:
Ayes: Trustees
Noes: None, Absent: None
I hereby sign approve and attest the foregoing resolution this day of March, 1908.
President of the Board of Trustees of the City of Lodi, and Executor of said City.
Attest: City Clerk of the City of Lodi
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