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Resolution No. 7523I RESOLUTION NO. 7523 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF 3 VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A LETTER OF INTENT TO PROMOTE BUSINESS COOPERATION BY 4 AND BETWEEN THE CITY OF VERNON, THE REDEVELOPMENT AGENCY OF THE CITY OF VERNON AND THE YANGPU 5 DISTRICT, SHANGHAI, CHINA 6 7 WHEREAS, representatives from the Redevelopment Agency of the 8 City of Vernon ("Agency") visited with representatives from the Yangpu 9 District of Shanghai during the September 1999 trade show and 10 investment seminar held in Shanghai and were able to visit two 11 businesses in the District, one specializing in apparel and the other 12 specializing in high-tech research in human genes; and 13 WHEREAS, the Yangpu District of Shanghai, one of seven 14 districts in Shanghai, contains old line industrial concerns as well 15 as some modern businesses, in addition to thirteen (13) universities 16 and research centers; and 17 WHEREAS, representatives from the Agency visited with 18 representatives of the Yangpu District and the Yangpu International 19 Chamber of Commerce in March 2000 wherein a cooperation agreement was 20 drafted to encourage businesses from both areas to cooperate with each 21 other and explore areas for improvedeconomicrelations and for 22 investment in trade; and 23 WHEREAS, representatives from the Yangpu District are 24 intending to meet with representatives from the Vernon Chamber of 25 Commerce ("Chamber"), Vernon, the Agency and local businesses on or 26 about April 20, 2000, to promote the cooperation agreement; and 27 WHEREAS, the Yangpu District, Vernon and the Agency desire to 28 enter into a Letter of Intent to promote business cooperation and 1'' 2 3'' 4'' 5' 6. 7' 8'i 9 loll 11 12 13 141' 15! 161', 171 18I 191'' 20I 21 221 2311 24' 25 26 27 28 communication between businesses in Yangpu District and businesses in Vernon; and WHEREAS, the Letter of Intent will contribute to the redevelopment program for Vernon, will contribute to the redevelopment of the project area, and will benefit the health, safety, and public welfare of Vernon. 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 and correct. SECTION 2: The City Council of the City of Vernon hereby approves the Letter of Intent to Promote Business Cooperation, a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Letter of Intent 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 said Letter of Intent 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 18th day of April, 2000. ATTEST: BRUCE V. MALKENHORST, City Clerk ` EONIS C. MALB G, Maydr - 2 - 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 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. 7523, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, April 18, 2000, and thereafter was duly signed by the Mayor of the City of Vernon. (SEAL) BRUCE V. MALKENHORST, City Clerk - 3 - SUPPORTING DOCUMENTS 1 RESOLUTION NO. RA-168 2 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE 3 REDEVELOPMENT AGENCY OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A LETTER OF INTENT 4 TO PROMOTE BUSINESS COOPERATION BY AND BETWEEN THE CITY OF VERNON, THE REDEVELOPMENT AGENCY OF THE CITY 5 OF VERNON AND THE YANGPU DISTRICT, SHANGHAI, CHINA 6 7 WHEREAS, the Redevelopment Agency of the City of Vernon 8 ("Agency") is engaged in activities necessary or appropriate to carry 9 out the California Community Redevelopment Law (Health & Safety Code 10 H 33000, et sea.) within the City of Vernon; and 11 WHEREAS, representatives from the Agency visited with 12 representatives from the Yangpu District of Shanghai during the 13 September 1999 trade show and investment seminar held in Shanghai and 14 were able to visit two businesses in the District, one specializing in 15 apparel and the other specializing in high-tech research in human 16 genes; and 17 WHEREAS, the Yangpu District of Shanghai, one of seven 18 districts in Shanghai, contains old line industrial concerns as well 19 as some modern businesses, in addition to thirteen (13) universities 20 and research centers; and 21 WHEREAS, representatives from the Agency visited with 22 representatives of the Yangpu District and the Yangpu International 23 Chamber of Commerce in March 2000 wherein a cooperation agreement was 24 drafted to encourage businesses from both areas to cooperate with each 25 other and explore areas for improved economic relations and for 26 investment in trade; and 27 WHEREAS, representatives from the Yangpu District are 28 intending to meet with representatives from the Vernon Chamber of 1 Commerce ("Chamber"), Vernon, the Agency and local businesses on or 2 about April 20, 2000, to promote the cooperation agreement; and 3 WHEREAS, the Yangpu District, Vernon and the Agency desire to 4 enter into a Letter of Intent to promote business cooperation and 5 communication between businesses in Yangpu District and businesses in 6 Vernon; and 7 WHEREAS, the Letter of Intent will contribute to the 8 redevelopment program for Vernon, will contribute to the redevelopment 9 of the project area, and will benefit the health, safety, and public 10 welfare of Vernon. 11 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF 12 THE REDEVELOPMENT AGENCY OF THE CITY OF VERNON AS FOLLOWS: 13 SECTION l: The Agency hereby finds and determines that the 14 recitals contained hereinabove are true and correct. 15 SECTION 2: The Agency hereby approves the Letter of Intent 16 to Promote Business Cooperation, a copy of which has been presented to 17 the Agency concurrently with this resolution, and the Agency hereby 18 orders said Letter of Intent to be received and filed by the 19 Secretary. 20 SECTION 3: The Agency hereby authorizes the Chairman and the 21 Secretary to execute said Letter of Intent for, and on behalf of, the 22 Agency of the City of Vernon. 23 24 25 26 27 28 - 2 - 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 SECTION 4: The Secretary of the Agency 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 18th day of April, 2000. ATTES 1000, BRUCE V. MALKENHORST, Secretary LEONIS C. MALBUtG, Chai man - 3 - I 1 STATE OF CALIFORNIA ) ) ss 2 COUNTY OF LOS ANGELES ) 3 I, BRUCE V. MALKENHORST, Secretary of the Redevelopment 4 Agency of the City of Vernon, do hereby certify that the foregoing 5 Resolution, being Resolution No. RA-168, was duly adopted by the Board 6 of Directors of the Redevelopment Agency of the City of Vernon 7 (hereinafter "Agency") at a regular meeting of the Agency duly held on 8 Tuesday, April 18. 2000, and thereafter was duly signed by the 9 Chairman of the Agency of the City of Vernon. 10 11 BRUCE V. MALKENHORST, Secretary 12 (SEAL) 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 - 4 -