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Resolution No. 73793 t RESOLUTION NO. 7379 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A ONE-YEAR EXTENSION OF CONTRACT NO. 443 (1999/2000) BY AND BETWEEN THE CITY OF VERNON AND SIGNAL MAINTENANCE, INC. WHEREAS, Contract No. 443, Traffic Signal Maintenance Agreement, was awarded to Signal Maintenance, Inc., by Resolution No. 4830 on August 6, 1981, for a term of five years from September 1, 1981 to August 31, 1986; and WHEREAS, said contract provided for annual cost increases based on the consumer price index and for annual extensions thereof after August 31, 1986; and WHEREAS, said contract has been extended annually since August 31, 1986, and has included cost adjustments with the last extension approved by Resolution No. 7205 on August 18, 1998, waiving the Consumer Price Index adjustment for that period; and WHEREAS, said contract will expire on August 31, 1999, unless extended, and Signal Maintenance, Inc. has requested a one-year extension of said contract and, because of current economic times, has waived the Consumer Price Index adjustment for the next year; and WHEREAS, the Director of Community Services & Water has recommended that said contract be extended x ended and has verified that Signal Maintenance, Inc. has waived the Consumer Price Index adjustment for the next year. 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 hereby finds and determines that the recitals contained hereinabove are true r 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 r- and correct. SECTION 2: The City Council of the City of Vernon hereby approves the Extension of Contract No. 443, 1999/2000, an original of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Extension to be received and filed by the City Clerk. SECTION 3: The City Council of the City of Vernon hereby authorizes the Mayor and the City Clerk to execute the Extension of Contract No. 443 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 August, 1999. f LEONIS C. MALB G, May r ATTEST: BRUCE V. MALKENHORST, City Clerk -2- STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 7379, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, August 3. 1999, and thereafter was duly signed by the Mayor of the City of Vernon. (SEAL) BRUCE V. MALKENHORST, City Clerk -3-