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Resolution No. 6999 .' .' 1 RESOLUTION NO. 6999 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION 3 OF A ONE-YEAR EXTENSION OF CONTRACT NO. 443 (1997/1998) BY AND BETWEEN THE CITY OF VERNON 4 AND SIGNAL MAINTENANCE, INC. 5 WHEREAS, Contract No. 443, Traffic Signal Maintenance 6 Agreement, was awarded to signal Maintenance, Inc., by Resolution 7 No. 4830 on August 6, 1981, for a term of five years from 8 September 1, 1981 to August 31, 1986; and 9 WHEREAS, said contract provided for annual cost increases 10 based on the consumer price index and for annual extensions 11 thereof after August 31, 1986; and 12 WHEREAS, said contract has been extended annually since 13 August 31, 1986, and has included cost adjustments with the last 14 extension approved by Resolution No. 6848 on September 3, 1996, 15 waiving the Consumer Price Index adjustment for that period; and 16 WHEREAS, said contract will expire on August 31, 1997, 17 unless extended, and Signal Maintenance, Inc. has requested a one- 18 year extension of said contract and, because of current economic 19 times, has waived the Consumer Price Index adjustment for the next 20 year; and 21 WHEREAS, the Director of Community Services and Water has 22 recommended that said contract be extended and has verified that 23 Signal Maintenance, Inc. has waived the Consumer Price Index 24 adjustment for the next year. 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 hereby 28 finds and determines that the recitals cont~ined hereinabove are .. .. 1 true and correct. 2 SECTION 2: The City Council of the City of Vernon hereby 3 approves the Extension of Contract No. 443, 1997/1998, a copy of 4 which has been presented to the city Council concurrently with 5 this resolution, and the City Council hereby orders said Extension 6 to be received and filed by the City Clerk. 7 SECTION 3: The city Council of the City of Vernon hereby 8 authorizes the Mayor and the City Clerk to execute the Extension 9 of Contract No. 443 for, and on behalf of, the City of Vernon. 10 SECTION 4: The City Clerk of the City of Vernon shall 11 certify to the passage of this resolution, and thereupon and 12 thereafter the same shall be in full force and effect. 13 APPROVED AND ADOPTED this 5th day of August, 1997. 14 ~. ~~ 15 16 17 A7 18 BRUCE V. 19 20 21 22 23 24 25 26 27 28 MALKENHORST, City Clerk -2- " .. _. ... 1 STATE OF CALIFORNIA ) ) ss 2 COUNTY OF LOS ANGELES ) 3 I, BRUCE V. MALKENHORST, City Clerk of the City of 4 Vernon, do hereby certify that the foregoing Resolution, being 5 Resolution No. 6999, was duly adopted by the City Council of the 6 City of Vernon at a regular meeting of the City Council duly held 7 on Tuesday, August 5, 1997, and thereafter was duly signed by the 8 Mayor of the City of Vernon. 9 /~ BRUCE V. MALKENHORST, City Clerk 10 11 (SEAL) 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -3-