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Resolution No. 8773 " .... .... ./..." ;< 1 2 3 4 5 RESOLUTION NO. 8773 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON RESCINDING RESOLUTION NO. 8625 REGARDING AN AGREEMENT WITH NEW AGE FUEL, INC. IN CONNECTION WITH THE CITY'S PUBLIC BENEFIT PROGRAM 6 WHEREAS, on December 15, 2004, the City Council of the City 7 of Vernon adopted Resolution No. 8625 approving an Equipment Purchase 8 and Constructiop Agreement, in form (the "Draft Agreement") with New 9 Age Fuel, Inc. for the design, acquisition and construction of biomass 10 processing facilities (the "Project"); and 11 WHEREAS, following the City Council's approval of the Draft 12 Agreement, but before an actuaL agreement was signed by the City, the 13 Project was considered an unviable proposition; and 14 WHEREAS, the City desires to rescind its prior approval of 15 the Draft Agreement. 16 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 17 CITY OF VERNON AS FOLLOWS: 18 SECTION 1: The City Council of the City of Vernon hereby 19 finds and determines that the recitals contained hereinabove are true 20 and correct. 21 SECTION 2: The City Council of the City of Vernon hereby 22 rescinds Resolution No. 8625 and the Equipment Purchase and 23 Construction Agreement dated December 15, 2004. Any resolution not 24 25 26 consistent repealed. / / / / / / / / / with or in conflict with this resolution is hereby 27 28 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 "... ...... ., / 1 SECTION 3: The City Clerk of the City of Vernon shall 2 ce~tify to the passage of this resolution, and thereupon and 3 thereafter the same shall be in full force and effect. 4 APPROVED AND ADOPTED this 15th day of June, 2005. ~~. .. EONIS C. MAL URG,. ayor ATTEST: A--/ BRUCE 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 22 23 24 25 26 27 28 L .._'tr -.. . ,./' 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. 8773, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Wednesday, June 15, 2005, and thereafter was duly signed by the Mayor of the City of Vernon. BRUCE V. MALKENHORST, City Clerk ( SEAL) - 3 -