upr000121 234

RESOLVED, that the following amount is reappro­priated for expenditure during year 19 6 2 to complete projects heretofore authorized, involving capital expenditures: $^6 0 ,5 3 2 .9 5 for items costing more than $1 0 ,000, as shown on Garry- Over Statement, as of December 31, 1961. Following Authority for Expenditure Request, approved by the President, was submitted for ratification: W, 0. No. issued March 2, 1 9 6 2 , City of Industry, California, retirement of all of Lots 1 and 2, Block 18, Tract No. 13^3, containing an area of 9*697 acres, which property was conveyed to Wilson & Co., Inc., by LVL&W LS Deed Audit No. 585^* dated December 12, 1961. Credit Account - Land and Public Improvements - City of Industry, Calif. - Sold, $83»361.00$ Chargeable Sale Price, $106,83^.00$ Creditable to Profit on Sales of Real Estate, $2 3 ,*173.00$ and Estimated Cost of Removal of Property Retired Chargeable to Profit on Sales of Real Estate, $6,*J46.00. Whereupon, on motion duly seconded, it was RESOLVED, that the action of President in approving the aforementioned A. F. E. Request $ be, and the same is hereby, ratified, approved and confirmed. There being no further business to be transacted, on On m o tio n d u l y s e c o n d e d , i t w as