Resolution No. 5205
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RESOLUTION NO. 5205
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON APPROVING AND AUTHORIZING THE
EXECUTION OF AN APPLICATION OF THE SOUTHERN
CALIFORNIA WATER COMPANY ("COMPANY") AND THE
CITY OF VERNON FOR AN ORDER AUTHORIZING THE
SALE OF CERTAIN PROPERTIES OF THE COMPANY TO
THE CITY OF VERNON AND RATIFYING THE APPROVAL
AND.EXECUTION OF A WATER SYSTEMS ACQUISITION
AGREEMENT
8 WHEREAS, the City Council of the City of Vernon adopted
9 Resolution No. 5153 on November 6, 1984, which authorized
10 officers of the city to negotiate an agreement with the Company
11 to acquire portions of its water system within the boundary ~
12 of the City of Vernon ("the System"); and
13 WHEREAS, the City Council of the City of Vernon adopted
14 Resolution No. 5182 on April 16, 1985, which approved the Water
15 Systems Acquisition Agreement; and
16 WHEREAS, the California Public Utilities Commission
17 ("CPUC") requires the Company to file an application to obtain
18 approval to authorize the sale of certain properties to the
19 City of Vernon; and
20 WHEREAS, it is intended that the Company and the City
21 of Vernon jointly submit an application to the CPUC to request
22 an order authorizing the sale of said properties provided for
23 in the Water Systems Acquisition Agreement; and
24 WHEREAS, the Company has tentatively agreed to sell
25 the System to the City of Vernon for the sum of $60,000.00,
26 subject to approval by the CPUC; and
27 WHEREAS, the City Council of the City of Vernon has
28 determined that the acquisition of the System for the sum of
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$60,000.00 is fair, just, reasonable, and equitable in light
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of the City's anticipated costs to provide services to the
affected customers.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
SECTION 1: That the City Council of the City of Vernon
hereby approves the Application of the Company and the City of
Vernon for an Order Authorizing the Sale of Certain Properties
of Company to the City of Vernon, a copy of which has been
presented to the City Council concurrently with this Resolution,
and the City Council hereby orders said Application to be
received and filed by the City Clerk.
SECTION 2: That the City Council of the City of Vernon
hereby ratifies the approval and execution of a Water Systems
Acquisition Agreement, a copy of which has been presented to
the City Council concurrently with this Resolution, and the City
Council hereby orders said Agreement to be received and filed.
SECTION 3: That the City Council of the City of Vernon
hereby authorizes the Mayor and the City Clerk to execute said
Application, Agreement, and any other documents necessary to
effectuate the purchase of the System for, and on behalf of, the
City of Vernon.
SECTION 4: That the City Council of the City of Vernon
hereby authorizes the City Attorney to prepare and submit an
Opinion of Counsel at the Date of Closing pursuant to the Water
Systems Acquisition Agreement.
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SECTION 5: 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 6th day of August, 1985.
ATTEST:
;f
BRUCE V.
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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. 5205 ,was duly adopted by the City Council of
the City of Vernon, arid was approved by the Mayor of said City
Ian adjourned
at }EK regular meeting of the City Council held on Tuesday,
August 6
, 19 85 .
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V~ MALKENHORST, City
BRUCE
Clerk
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