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Resolution No. 7100f 11 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 171 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 7100 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF AN EDISON-VERNON BILLING DISPUTE SETTLEMENT AGREEMENT AND BILL OF SALE BY AND BETWEEN THE CITY OF VERNON AND SOUTHERN CALIFORNIA EDISON COMPANY WHEREAS, the City Council of the City of Vernon adopted Resolution No. 7017 on September 16, 1997, approving an Edison - Vernon 1997 Restructuring Agreement; and WHEREAS, Southern California Edison Company ("Edison") and the City of Vernon ("Vernon") have participated in extensive settlement negotiations to resolve billing disputes relating to the rate schedules to be canceled in accordance with the 1997 Restructuring Agreement; and WHEREAS, Edison and Vernon desire and intend to enter into the Edison -Vernon Billing Dispute Settlement Agreement to resolve their billing disputes. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon does hereby find and determine that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby approves the Edison -Vernon Billing Dispute Settlement Agreement and Bill of Sale, a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Agreements to be received and filed by the City Clerk. 11 21 3 4 5 6 71 Ell 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 P3•l SECTION 3: The City Council of the City of Vernon hereby authorizes the Mayor and the City Clerk to execute said Agreements for, and on behalf of, the City of Vernon. SECTION 4: 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 3rd day of March, 1998. 4L2!:�S C. �MAB�URG,�Iqavco�' r ATTEST: BRUC'E V. MALKENHORST, City Clerk -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 221 23 24 25 26 27 28 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 7100, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, March 3, 1998, and thereafter was duly signed by the Mayor of the City of Vernon. l (SEAL) BRUCE V. MALKENHORST, City Clerk -3-