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ORDINANCE 10565641 ORDINANCE NO. 1056 AN ORDINANCE OF THE PEOPLE OF THE CITY OF EL SEGUNDO, CALIFORNIA, AUTHORIZING THE CITY TO EXPEND FUNDS IN THE VOTERS' TRUST ACCOUNT (CREATED BY ORDINANCE NO. 1041 -A) FOR A SENIOR CITIZENS' HOUSING PROJECT WITHIN THE CITY OF EL SEGUNDO, AND APPROVING THE DEVELOPMENT, CONSTRUCTION AND ACQUISITION OF PROPERTY FOR THE SAME UNDER ARTICLE XXXIV OF THE CONSTITUTION OF THE STATE OF CALIFORNIA. THE PEOPLE OF THE CITY OF EL SEGUNDO, CALIFORNIA, DO ORDAIN AS FOLLOWS: SECTION 1. Authority to Expend Monies from Voters' Trust Account. Those certain monies, in the sum of $2,345,538 plus interest, set aside by Ordinance No. 1041 -A adopted by the voters of the City of E1 Segundo at a special municipal election held November 2, 1982, may be expended for the purposes of con- structing, operating, and purchasing of property for a Senior Citizens' housing project in the City of E1 Segundo. SECTION 2. Compliance with State Constitution. This measure is intended to constitute compliance with Article XXXIV, Section 1, of the Constitution of the State of California. SECTION 3. Compliance with Ordinance No. 1041 -A. This ordinance is intended to constitute compliance with the limitation on the expenditure of funds adopted by the people of the City of El Segundo, California, on November 2, 1982, by Ordinance No. 1041 -A. SECTION 4. Saving Clause. If any section, part, clause, form, word or phrase hereof is for any reason held to be invalid, the remaining provisions of this act shall remain in full force and effect and shall be interpreted to serve the intent of this ballot proposition. SECTION 5. The City Clerk shall certify to the passage and adoption of this ordinance and shall cause the same to be entered in the book of original ordinances of said city. THIS ORDINANCE ADOPTED BY the voters of the City of E1 Segundo, California, at a municipal election held on the 8th day of November, 1983 Mayor of the City of E1 Segundo, California ATTEST: City Clerk (SEAL) -2- 5642' CE=F]:CATION COUNTY OF LOS ANGELES. ) I, LEONARD PANISH, Registrar - Recorder of the County of Los Angeles, State of California, do hereby certify that the attached is a true and correct Canvass of the Votes Cast For and Against Proposition D for the City of E1 Segundo Special Municipal Election held on November 8, 1983. I further certify that the total Ballots Cast at the City of El Segundo Special Municipal Election are as follows: PRECINCT ABSENTEE TOTAL BALLOTS CAST BALLOTS CAST BALLOTS CAST 2,120 169 2,289 I further certify that the total votes cast on said Proposition D are as follows: PROPOSITION D ORDINANCE YES NO Precinct Vote 1,553 499 Absentee Vote 126 31 TOTAL VOTE 1,679 530 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my seal this 21st day of November, 1983. 4QRDEA LO,se ����� LEONARD PANISH Registrar -Recorder re\a County of Los Angeles 5643