Resolution No. 5341
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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
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(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.
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ATTEST:
4
BRUCE V.
!~fL~~
MALKE ORST. 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. 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 .
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BRUCE.V.
Clerk
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