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Resolution No. 5341 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20' 21 22 23 24 25 26 27 28 . , RESOLUTION NO. 5341 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 ("VERNON") AND THE SOUTHERN- CALIFORNIA EDISON COMPANY ("EDISONU) PROVIDING FOR THE PURCHASE OF REPLACEMENT CAPACITY BY VERNON FROM EDISON FOR THE CITY CAPACITY RESOURCES INTEGRATED BY VERNON (ENTITLEMENTS IN PALO VERDE UNITS 1, 2 AND 3) WHEREAS, Vernon and Edison entered into an Integrated Operations Agreement ("lOA") on August 25, 1982, to. provid.~, by Vernon as a City Capacity Resource: and among other things, for t.he integration of the Resources acquired. WHEREAS, th~ City Council of Vernon approved Resolution No. 5232 on March 4, 1986, which approved and authorized the execution of a letter agreement between Vernon and Edison providing for the purchase of Replacement C"pacity in 1986 by Vernon from Edison for the City Capacity Resource: WHEREAS, both Vernon and Edison desire to terms and conditions whereby Vernon could purchase Replacement Capacity from Edison for City Capacity Resources integrated by Vernon (entitlements in Palo Verde Units 1, 2 and 3). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: That the City Council of Vernon hereby determines that the recitals contained hereinabove are true and correct. SECTION 2: That the City Council of Vernon ~ereby approves the Letter Agreement by and between Vernon and Edison Edison for City Capacity Resources integrated by Vernon providing for the purchase of Replacement Capacity by Vernon from '< -' 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (entitlements in Palo Verde Units 1, 2 and 3), a copy of which has been presented to the City CO\Jncil conC\Jrrently with this resolution, and the City CO\Jncilhereby orders said Letter Agreement to be received and filed by the City Clerk. SECTION 3: That the City Council of Vernon hereby a\Jthorizes the Mayor and toe City Clerk to execute said Letter Agreement for, and on behalf of, Vernon. SECTION 4: That the City Clerk of Vernon ahall certify to the passage of this re~olution and. thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 18th day of November, 1986. ~~~. '---- ATTEST: 4 BRUCE V. !~fL~~ MALKE ORST. City clerk -2- 7 8 9 10 11 12 18 . 14 (SEAL) .. .. 1 STATE OF CALIFORNIA ) ) ss. 2 COUNTY OF LOS ANGELES ) 3 4 I, BRUCE V. MALKENHORST, City Clerk of the City of 5 Vernon, do hereby certify that the foregoing Resolution, being 6 Resolution No. 5341 , was duly adopted by the City Council of the City of Vernon, and was approved by the Mayor of said City an adjourned at ~egular meeting of the City Council held on Tuesday , NQvember.1Q , 19' 86 . ~. BRUCE.V. Clerk 15 16 17 18 19 20 21 22 28 24 25 26 27 28 -3-