Resolution No. 5182
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RESOLUTION NO. 5182
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON AUTHORIZING EXECUTION OF AN AGREEMENT
TO PURCHASE THE WATER SYSTEM IN THE CITY OF
VERNON OWNED BY THE SOUTHERN CALIFORNIA WATER
COMPANY
5 WHEREAS, the City Council of the City of Vernon adopted
6 Resolution No. 5153 on November 6, 1984, which authorized
7 officers of the city to negotiate an agreement with Southern
8 California Water Company to acquire portions of its water system
9 within the boundary of the. City of Vernon (lithe System"); and
10 WHEREAS, the City Council of the City of Vernon desires
11 to offer to acquire the System for an amount not less than the
12 fair market value of the System; and
13 WHEREAS, Southern California Water Company has
14 tentatively agreed to sell the System to the City of Vernon for
15 the sum of $60,000.00, subject to approval by the Public
16 Utilities Commission; and
17 WHEREAS, the City Council of the City of Vernon has
18 determined that the acquisition of the System for the sum of
19 $60,000.00 is fair, just, reasonable, and equitable in light
20 of the city's anticipated costs to provide services to the
21 affected customers.
22 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
23 THE CITY OF VERNON AS FOLLOWS:
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SECTION 1: That the City Council of the City of Vernon
25 hereby approves the Water System Acquisition Agreement, a copy
26 of which has been presented to the City Council concurrently
27 with this Resolution, and the City Council hereby orders said
28 Agreement to be received and filed by the City Clerk.
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SECTION 2: That the City Council of the City of Vernon
hereby authorizes the Mayor and the City Clerk to execute said
Agreement for, and on behalf of, the City of Vernon.
SECTION 3: That the City Clerk of the City of Vernon
shall certify to the passage of this Resolution and thereupon
and thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 16th day of April, 1985.
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AT6:~4/U'~
BRUCE V. MALKENHORST, City Clerk
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1 STATE OF CALIFORNIA )
) SS.
2 COUNTY OF LOS ANGELES )
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4 I, BRUCE V. MALKENHORST, City Clerk of the City of
5 Vernon, do hereby certify that. the foregoing Resolution, being
6 Resolution No.5182
, was duly adopted by the City Council. of
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the City of Vernon, and was approved by the Mayor of said C.i.ty
Ian adjourned
at Kregular meeting of the City Council held on Tuesday,
April 16
,19 85.
BRUCE V. MALKENHORST, City
Clerk
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