HomeMy Public PortalAbout2011.162 (07-05-11) RESOLUTION NO. 2011.162
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 CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY 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 City Clerk 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, Mayor
ATTEST:
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aria Quinonez, ity Clerk Roger L. aley, ity Manager
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Fred Galante, City Attorney Robert S. Torrez, Assist ity
Manager --
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the
foregoing Resolution was passed and adopted by the City Council of the City of
Lynwood at a regular meeting held on the 5 th day of July, 2011.
AYES: COUNCIL MEMBERS FLORES, RODRIGUEZ, MORTON AND CASTRO
NOES: NONE
ABSENT: COUNCIL MEMBER SANTILLAN
ABSTAIN: NONE
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aria Quinonez, City Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and the Clerk of the City
Council of said City, do hereby certify that the above foregoing is a full, true and correct
copy of Resolution No. 2011.162 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 5 th day of July, 2011.
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aria Quinonez, Ci y Clerk