Resolution No. 92143
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RESOLUTION NO. 9214
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON AUTHORIZING THE CITY ADMINISTRATOR TO PURSUE
STRATEGIC OPTIONS ON BEHALF OF THE LIGHT & POWER
DEPARTMENT
WHEREAS, the City of Vernon (the "City") owns and operates
its own electric system which services the City's constituents; and
WHEREAS, the City is in the process of developing a natural
gas -fired combined cycle power plant located within City limits
officially named the Vernon Power Plant (the "VPP Project") for the
purpose of installing additional generating capacity that will yield an
efficient, cost-effective, and reliable source of electric generation
to the City; and
WHEREAS, the City of Vernon is exploring various capital
projects with regard to the Light & Power Department; and
WHEREAS, the City Council wishes to authorize the City
Administrator to pursue strategic options on behalf of the Light &
Power Department respecting, but not limited to, the VPP Project and to
do all other actions deemed necessary or advisable to facilitate those
options.
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: An example of the pursuit of strategic options
on behalf of the Light & Power Department is the submittal of the
necessary application for Request for Offers with Southern California
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Edison Company and payment of refundable earnest fees in a sum not to
exceed $4.4 million, which the City Council of the City of Vernon
hereby specifically authorizes the City Administrator, or his designee
to submit.
SECTION 3: The City Council of the City of Vernon hereby
authorizes the City Administrator to explore and enter into strategic
partnerships on behalf of the Light & Power Department and to do all
other actions deemed necessary or advisable during the exploration
process.
SECTION 4: The City Council of the City of Vernon hereby
repeals all minute orders or resolutions in conflict herewith.
SECTION 5: The Acting 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 17th day of January, 2007.
ATTEST:
BRUCE V. M KENHORST, JR.
Acting City Clerk
F ONIS C. MALB G, May r
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STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, JR., Acting City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 9214, was duly adopted by the City Council of the City
of Vernon at a regular meeting of the City Council duly held on
Wednesday, January 17, 2007, and thereafter was duly signed by the
Mayor of the City of Vernon.
((SEAL)
BRtCF°V. MALKENHORST, JR.
Acting City Clerk
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CITY CLERK'S OFFICE
INTEROFFICE MEMORANDUM
DATE: February 21, 2007
TO: Donal O'Callaghan, Director of Light & Power
FROM- Nelly Giron, Acting City Clerk
LL 1�.
RE: V Resolution No. 9214 - A Resolution of the City Council
of the City of Vernon Authorizing the City
Administrator to Pursue Strategic Options on Behalf of
the Light & Power Department
Transmitted herewith is a signed copy of Resolution No. 9214,.
referenced above, which was approved by City Council on January
17 2007.
NG:dr
c: Resolution No. 9214