Resolution No. 8917
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RESOLUTION NO. 8917
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND AUTHORIZING THE EXECUTION OF
AN AMENDMENT NO. TWO TO CONSULTING AGREEMENT BY AND
BETWEEN THE CITY OF VERNON, JOSEPH E. FURNISH AND
LAKE STREET ASSOCIATES, INC.
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7 WHEREAS, on November 17, 2004, the City Council of the City
8 of Vernon adopted Resolution No. 8602, as amended by Resolution No.
9 8623 adopted on December 15, 2004, approving and authorizing the
10 execution of a Consulting Agreement (the "Agreement") with Joseph E.
11 Furnish ("Furnish") and Lake Street Associates, Inc. ("Lake Street")
12 for consulting services to assist the City in the acquisition and/or
13 sale of industrial real estate in the City ("Land Acquisition
14 Program"); and
15 WHEREAS, Furnish is the President of Lake Street; and
16 WHEREAS, the City, Furnish and Lake Street desire to amend
17 the Agreement to extend the term of the Agreement through and including
18 November 17, 2006, under the same terms and conditions of the
19 Agreement; and
20 WHEREAS, City staff have recommended that a second amendment
21 to the Agreement with Furnish and Lake Street be approved and executed
22 to extend the term of the Agreement for an additional twelve (12)
23 months, or November 17, 2006.
24 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE:
25 CITY OF VERNON AS FOLLOWS
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SECTION 1:
The City Council of the City of Vernon hereby
27 finds and determines that the recitals contained hereinabove are true
28 and correct.
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SECTION 2:
The City Council of the City of Vernon hereby
2 approves the Amendment No. Two to Consulting Agreement with Joseph E.
3 Furnish and Lake Street Associates, Inc., a copy of which is attached
4 hereto as Exhibit A and incorporated by reference.
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SECTION 3:
The City Council of the City of Vernon hereby
6 authorizes the Mayor to execute said Amendment for, and on behalf of,
7 the City of Vernon and the Acting City Clerk is hereby authorized to
8 attest thereto.
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SECTION 4:
The City Council of the City of Vernon hereby
10 directs the City Clerk, or his designee, to send one fully executed
11 Amendment to:
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Joseph E. Furnish, President
Lake Street Associates, Inc.
4100 West Alameda Avenue, Suite 103
Burbank, CA 91505
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SECTION 5:
The City Clerk of the City of Vernon shall
16 certify to the passage of this resolution, and thereupon and
17 thereafter the same shall be in full force and effect.
18 APPROVED AND ADOPTED this 7th day of December, 2005.
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~E NIS C. MALBUR , -Mayor
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ATTEST'g
BRUCE V. MALKENHORST, JR.
Acting City Clerk
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1 STATE OF CALIFORNIA
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COUNTY OF LOS ANGELES
Vernon, do hereby certify that the foregoing Resolution, being
I, BRUCE V. MALKENHORST, JR., Acting City Clerk of the City of
Resolution No. 8917, was duly adopted by the City Council of the City
of Vernon at a regular meeting of the City Council duly held on
Wednesday, December 7, 2005, and thereafter was duly signed by the
Mayor of the City of Vernon.
BRUCE V. MALKENHORST, JR.
Acting City Clerk
(SEAL)
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EXHIBIT
A
AMENDMENT NO. TWO TO CONSULTING AGREEMENT
This Amendment No. Two to Consulting Agreement (the "Amendment")
executed this 7th day of December, 2005, is entered into and executed in duplicate
originals, either copy of which may be considered and used as the original hereof for all
purposes, by and among the City of Vernon ("the City"), Joseph E. Furnish ("Furnish")
and Lake Street Associates, Inc. ("Lake Street"), 4100 West Alameda Avenue, Suite 103,
Burbank, CA 91505.
WHEREAS, the City, Furnish and Lake Street are parties to a Consultant
Agreement dated November 17,2004, as amended (hereinafter referred to as the
"Agreement") under which Furnish and Lake Street were to provide consulting services
to assist the City in the acquisition and/or sale of industrial real estate in the City; and
WHEREAS, the City, Furnish and Lake Street desire to amend the Agreement to
extend the term of the Agreement for another year, through and including November 17,
2006; and
WHEREAS, Item 14.d of the Agreement provides for amendments and
modifications to the Agreement.
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:
1. The term ofthe Agreement shall be extended from November 17, 2005
through November 17, 2006, with an option to renew said Agreement on a year-to-year
basis on the same terms and conditions as prescribed in the Agreement, subject to City's
right to terminate the services provided for herein on thirty (30) days written notice.
2. In all other respects, the terms and conditions of the Agreement shallbe
renewed in its entirety.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by and through their authorized officers on the date, month and year first
written above.
City of Vernon
By:
LEONIS C. MALBURG
Mayor
ATTEST:
BRUCE V. MALKENHORST, JR.
Acting City Clerk
APPROVED AS TO FORM:
ERIC T. FRESCH, City Attorney
Joseph E. Furnish, a Sole Proprietor
By:
JOSEPH E. FURNISH
Lake Street Associates, Inc.
By:
Name:
Title:
By:
Name:
Title:
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SUPPORTING
DOCUMENTS
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AMENDMENT NO. TWO TO CONSULTING AGREEMENT
This Amendment No. Two to Consulting Agreement (the "Amendment")
executed this ih day of December, 2005, is entered into and executed in duplicate
originals, either copy of which may be considered and used as the original hereof for all
purposes, by and among the City of Vernon ("the City"), Joseph E. Furnish ("Furnish")
and Lake Street Associates, Inc. ("Lake Street"), 4100 West Alameda A venue, Suite 103,
Burbank, CA 91505.
WHEREAS, the City, Furnish and Lake Street are parties to a Consultant
Agreement dated November 17, 2004, as amended (hereinafter referred to as the
"Agreement") under which Furnish and Lake Street were to pr:ovide consulting services
to assist the City in the acquisition and/or sale of industrial real estate in the City; and
WHEREAS, the City, Furnish and Lake Street desire to amend the Agreement to
extend the term of the Agreement for another year, through and including November 17,
2006; and
WHEREAS, Item 14.d of the Agreement provides for amendments and
modifications to the Agreement.
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:
1. The term of the Agreement shall be extended from November 17, 2005
through November 17,2006, with an option to renew said Agreement on a year-to-year
basis on the same terms and conditions as prescribed in the Agreement, subject to City's
right to terminate the services provided for herein on thirty (30) days written notice.
2. In all other respects, the terms and conditions ofthe Agreement shall be
renewed in its entirety.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by and through their authorized officers on the date, month and year first
written above.
ATIE~ ~
BRUCE V. MALKENHORST, JR.
Acting City Clerk
APPROVED AS TO FORM:
ERIS:FRE~ttomeY
City of Vemon
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F:ONIS C. MAL URG
Mayor
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