Resolution No. 5232
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RESOLUTION NO. 5232
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON APPROVING AND AUTHORIZING THE
EXECUTION OF A LETTER AGREEMENT BY AND BETWEEN
THE CITY OF VERNON AND THE SOUTHERN CALIFORNIA
EDISON COMPANY ("EDISON")' PROVIDING FOR THE
PURCHASE OF REPLACEMENT CAPACITY BY THE CITY
OF VERNON FROM EDISON FOR THE CITYiCAPACITY
RESOURCE INTEGRATED BY VERNON IN 1986
(ENTITLEMENT IN PALO VERDE UNITS 1 AND 2)
WHEREAS, the City of Vernon and Edison entered into
an Integrated Operations Agreement ("lOA") on August 25, 1982,
to provide, among other things, for the integration of the
Resource acquired by Vernon as a City Capacity Resource; and
WHEREAS, both the City of Vernon and Edison desire to
establish the terms and conditions whereby the City of Vernon
could purchase Replacement Capacity from Edison for the City
Capacity Resource integrated by Vernon in 1986 (entitlement in
Palo Verde Units 1 and 2).
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 determines that the recitals contained hereinabove
are true and correct.
SECTION 2: That the City Council of the City of Vernon
hereby approves the Letter Agreement by and between the City of
Vernon and Edison providing for the purchase of Replacement
Capacity by the City of Vernon from Edison for the City Capacity
Resource integrated by Vernon in 1986 (entitlement in Palo Verde
,
Units 1 and 2), a copy of which has been presented to the City
Council concurrently with this resolution, and the City Council
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hereby orders said Letter Agreement to be received and filed by
the City Clerk.
SECTION 3: That the city Council of the City of Vernon
hereby authorizes the Mayor and the City Clerk to execute said
Letter Agreement forI and on behalf of, the City of Vernon.
SECTION 4: 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 4th day of Uarah,J1986.. .
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ATTEST:
d~~/d'~
BRUCE . MALKENHORST, City Clerk
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1 STATE OF CALIFORNIA )
) ss.
2 COUNTY OF LOS ANGELES )
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4 I, BRUCE
5 Vernon, do hereby
6 Resolution No. 5232
, was duly adopted by the City
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the City of Vernon, and was approved by the Mayor of
an adjourned
at ac/regular meeting of the City
< ..;:;,Uareh 4-
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(SEAL)
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