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.
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Aide Castro, Chair
ATTEST:
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Maria Quinonez, Age cy Secretary Roger L. Ha ey, Executive Director
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Fred Galante, Agency Counsel Robert S. Torrez, Ass' a City
Manager
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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
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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.
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Maria Quinonez, Secretary