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HomeMy Public PortalAbout2011.030 - LRA (07-05-11) RESOLUTION NO. 2011.030 A JOINT RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY AND THE CITY COUNCIL OF THE CITY OF LYNWOOD AMENDING THE CONTRACT SERVICES AGREEMENT WITH KOSMONT COMPANIES AND ADDING THE CITY OF LYNWOOD AS A PARTY WHEREAS, in December 2010, through the authority of the City Manager, the Lynwood Redevelopment Agency entered into an agreement with Kosmont Companies to provide fiscal consulting services and real estate advisory services to the City of Lynwood/Lynwood Redevelopment Agency; and WHEREAS, the services provided by Kosmont Companies are in connection with the proposed retail commercial center to be developed by the M&A Gabaee at the south east corner of Long Beach Boulevard and Imperial Highway; and WHEREAS, under the City Manager's Purchasing authority, $10,000 was authorized to cover payment of consultant services provided by Kosmost Companies to conduct preliminary analysis of the M&A Gabaee proposal; and WHEREAS, the Agency and Contractor are desirous of amending the Agreement to increase the compensation amount by an additional $15,000 and to add the City of Lynwood as a party. NOW, THEREFORE, THE LYNWOOD REDEVELOPMENT AGENCY DOES HEREBY FIND, PROCLAIM, ORDER AND RESOLVE AS FOLLOWS: Section 1. The Agency authorizes the Chair to execute an amendment to the Agreement between the Lynwood Redevelopment Agency and Kosmont Companies, increasing the compensation amount by an additional $15,000. Section 2. The City of Lynwood is added as an additional party to the Agreement with all powers to enforce the obligations of the Agency under the Agreement and Amendment. Section 3. This Resolution shall be effective immediately upon its adoption. Section 4. The Agency Secretary shall certify as to the adoption of this Joint Agency and City Council Resolution. PASSED, APPROVED and ADOPTED this 5 day of July, 2011. �� ' � ��, � t -�� Aide Castro, Chair ATTEST: /� / � � Maria Quinonez, Age cy Secretary Roger L. Ha ey, Executive Director APPROVED AS TO FORM: APPROVED AS TO CONTENT: /�". � m s 'V � t1 L- Fred Galante, Agency Counsel Robert S. Torrez, Ass' a City Manager .�-- STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby certify that the foregoing Resolution was passed and adopted by the Agency at its regular meeting held on the 5 day of July, 2011. AYES: MEMBERS FLORES, RODRIGUEZ, MORTON AND CASTRO NOES: NONE ABSENT: MEMBER SANTILLAN ABSTAIN: NONE / i Maria Quinonez, Secretary STATE OF CALIFORNIA ) ) SS. COUNTY OF LOS ANGELES ) I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby certify that the above foregoing is a full, true and correct copy of Resolution No. 2011.030 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 5 day of July, 2011. i �_ Maria Quinonez, Secretary