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Resolution No. 6623 . r ., , , ~ 1 RESOLUTION NO. 6623 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF AMENDMENT NUMBER ONE TO THE TRANSMISSION SERVICE AGREEMENT BY AND BETWEEN JEFFERSON SMURFIT CORPORATION (FORMERLY KNOWN AS CONTAINER CORPORATION OF AMERICA) AND THE CITY OF VERNON FOR A COGENERATION FACILITY LOCATED AT 2001 EAST 57TH STREET 4 5 6 7 8 WHEREAS, the City of Vernon and Jefferson Smurfit 9 Corporation (formerly known as container Corporation of America) 10 11 (hereinafter "Jefferson Smurfit") entered into a Transmission Service Agreement dated November 26, 1984, for a cogeneration 12 facility located at 2001 East 57th Street within the City of 13 Vernon; and 14 WHEREAS, the city of Vernon and Jefferson Smurfit have 15 16 had some disputes over certain rights and duties of the parties under the Transmission Service Agreement; and 17 WHEREAS, the City of Vernon and Jefferson Smurfit desire 18 to resolve their dispute and to amend the Transmission Service 19 Agreement as set forth in Amendment Number One thereto; and 20 WHEREAS, as part of this dispute resolution, Jefferson 21 Smurfit agrees to pay to the City of Vernon before June 1, 1995, 22 the sums owed for capital costs and operation and maintenance 23 costs resulting from the installation, operation and maintenance 24 of interconnection facilities by the city of Vernon. 25 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 26 CITY OF VERNON AS FOLLOWS: 27 SECTION 1: The City Council of the City of Vernon does 28 hereby find and determine that the recitals contained hereinabove 1 ,- are true and correct. 2 3 approves the Amendment Number One to the Transmission Service SECTION 2: The City Council of the City of Vernon hereby 4 5 Agreement, a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby 6 orders said Amendment to be received and filed by the City Clerk. 7 8 9 authorizes the Mayor and the City Clerk to execute said Amendment SECTION 3: The City Council of the City of Vernon hereby for, and on behalf of, the City of Vernon. 10 11 12 13 certify to the passage of this resolution and thereupon and SECTION 4: The City Clerk of the City of Vernon shall thereafter the same shall be in full force and effect. 14 15 16 ATT~ //- BRUCE V. 17 18 19 20 21 22 23 24 25 26 27 28 APPROVED AND ADOPTED this 16th day of May, 1995. ~~~~ -~~ MALKENHORST, City Clerk -2- .-" It 1 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) 2 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. 6623, was duly adopted by the City Council of the 7 City of Vernon at a regular meeting of the City Council duly held 8 on Tuesday, Mav 16, 1995, and thereafter was duly signed by the 9 Mayor of the City of Vernon. 4./ /~- 10 11 BRUCE V. MALKENHORST, City 12 (SEAL) 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -3- 9 la, 11 ". AND 12 13 14 15 16 17 /' /0AJ, &, &> d' ~ 1 EXECUTION COPY 2 AMENDMENT NUMBER ONE TO TRANSMISSION SERVICE AGREEMENT FOR A COGENERATION FACILITY LOCATED AT 2001 EAST 57TH STREET 3 :. 4 5 This Amendment Number One to Transmission Service 6 Agreement is made and entered into and executed in duplicate o[iginals,.. at Vernon, California effective l/f)ru; / u , 1995. 7 8 BY AND BETWEEN CITY OF VERNON, a Municipal corporation (hereinafter referred to as"Vernon"), 4305 Santa Fe Avenue Vernon, CA 90058 JEFFERSON SMURFIT CORPORATION, a Delaware corporation (formerly known as container corporation of America) (hereinafter referred to as "Cogenerator") 8182 Maryland Clayton, Missouri 63105 RECITALS WHEREAS, Vernon and Cogenerator entered into that certain Transmission Service Agreement dated November 26, 1984, for a 18 19 cogeneration facility located at 2001 East 57th Street within the City of Vernon; and 20 21 WHEREAS, Vernon and Cogenerator have had some disputes 22 over certain rights and duties of the parties under the 23 Transmission Service Agreement; and 24 WHEREAS, Vernon and Cogenerator desire to resolve their disputes and to amend the Transmission Service Agreement so as to 25 26 reflect the agreement set forth herein; and 27 WHEREAS, one such dispute under the Agreement pertains to 28 final payment for certain capital costs for Interconnection . , ~ y 1 Facilities, Special Facilities, and Transmission Facilities; and 2 WHEREAS, pursuant to letters from Cogenerator dated 3 April 28, 1986, January 23, 1987, and January 22, .1990, the 4 parties agreed to delay final payment until such time as final 5 costs were developed and Cogenerator had an opportunity to review 6 all work orders, jOb orders, drawings, schedules, etc.; and 7 ~EREAS, such capital improvements were made and such 8 , records were maintained by Energy Services, Inc. (ESI), a 9 9ubsidiary of Southern California Edison Company, which terminated its contract to operate and maintain the Vernon Electric System on 10 11 July 1, 1989, and the requests to ESI by both Cogenerator and 12 Vernon were ineffectual in obtaining such records; and 13 WHEREAS, Vernon entered into arbitration with ESI to 14 obtain all records for the Vernon Electric System which 15 arbitration was settled in 1994; and 16 WHEREAS, the parties have agreed that the payment to be ~ 17 made hereunder by Cogenerator to Vernon constitutes an adequate 18 settlement of the capital costs of such facilities as shown in the 19 records; and 20 WHEREAS, another dispute between Cogenerator and Vernon 21 pertains to the amount of fees due to Vernon for operation and 22 maintenance costs under the Agreement; and 23 WHEREAS, the parties have agreed that the payment to be 24 made hereunder by Cogenerator to Vernon constitutes an adequate 25 settlement of the operation and maintenance costs owed to the 26 City; and 27 WHEREAS, as part of the dispute resolution, Vernon shall 28 continue to operate and maintain the Interconnection Facilities -2- "I" 1 and Cogenerator shall pay to Vernon the sum of Four Thousand 2 Dollars ($4,000) per month each month during the remaining term of 3 the Agreement for performin9 the operation and maintenance of the Interconnection Facilities. 4 5 NOW, THEREFORE, in consideration of the mutual covenants, 6 promises, and conditions contained herein, and the Recitals 7 heretofore~stated: " 8 ~1. Cogenerator shall pay and Vernon shall accept in full 9 ~ettlement of the dispute referenced above, the following sums, to which includes interest, on or before June 1, 1995: 11 a. For past due capital costs: $400,000.00 'if 12 b. For past operation and maintenance: $400,000.00 13 Total $800,000.00 14 c. Pay the fees provided for in the amended Section 15 27.2..1 provided for below. 16 2. In furtherance of said settlement, the Parties hereby 17 amend Article 27.0 of the Transmission Service Agreement to read 18 as follows: 19 27.0 Ownership and Operation of 20 Interconnection Facilities 21 27.1 Cogenerator has commenced parallel 22 operation of the Cogeneration Facility and 23 written approval for operation of the 24 Interconnection Facility has been given by 25 26 Vernon. 27.2 Vernon shall own, operate and maintain 27 the Interconnection Facilities. 28 27.2.1 Vernon shall bill Cogenerator -3- ...,:, 1 2 3 4 5 6 7 "- 8 9 JiO 11 "If 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 and Cogenerator shall pay Vernon a fee in an amount equal to Four Thousand Dollars ($4,000) per month starting on June 1, 1995, for :. performing the operation and maintenance (including the replacement thereof, if necessary) of the Interconnection Facilities. .. 27.2.2 The operation and maintenance fee for the Interconnection Facilities provided for herein shall be adjusted after May 31, 1996, and on an annual basis thereafter. The first fee adjustment shall take effect on June 1, 1996. Said fees shall be adjusted based upon the seasonally unadjusted Consumer Price Index for the Los Angeles/Long Beach Anaheim Metropolitan Area (all items: 1967=100) as reported by the United states Department of Labor. Said adjusted fee shall be derived as follows: A x B/C = adjusted operation and maintenance fee where A = $4,000 per month; B = CPI for March 1996; and C = CPI for April 1995. Said adjusted operation and maintenance fee shall be applicable from June 1, 1996 through May 31, 1997. The adjusted operation and maintenance fee for June 1, 1997 through May 31, 1998 shall be derived as follows: A x B/C = adjusted operations and maintenance fee where A = $4,000 per month; B = CPI for March 1997; and C = CPI for April 1995. For each succeeding -4- " . 1 2 3 4 5 6 7 8 9 10 11 .." 12 13 14 15 16 17 18 19 ".<, twelve (12) month period, the adjusted operation and maintenance fee shall be determined in the same manner, e.g., A = $4,000 per month; B = CPI ::. for the last month in the immediately preceding twelve (12) month period; and C = CPI for April 1995. ~ignatures. DATED: JJ{t?y~ 0{ Y ATTE~ /L BRUCE V. , 1995 CITY OF VERNON BY~ -- LEOlHS C. MAL . RG, May r ~~ MALKENHORST, City Clerk APPROVED AS TO FORM: \:)d ~( \S~ DAVID B. BREARLEY, city A torney 20 DATED: 21 22 DATED: 23 24 25 26 27 28 17 May , 1995 17 May , 1995 JEFFERSON SMURFIT CORPORATION, a Delaware corporation (former known as CONTAINER CORPORATION OF AMERICA) B~ Name: W.N. Wandmacher Title: Div. V.P. Containerboard Mills "~~i.~ By: --;:> _j ()~ ~4JWvfY\~ Name: E. h. Dunsmoor Jr. "-.. Title: General Manager Vernon Mill -5-