HomeMy Public PortalAbout2006.012 - LII (07-05-06)RESOLUTION NO. 2006.012
A RESOLUTION OF THE LYNWOOD INFORMATION INC. AMENDING
RESOLUTIONS REGARDING COMPENSATION TO LIMIT THE NUMBER OF
MEETINGS FOR WHICH COMPENSATION MAY BE PROVIDED TO MEMBERS
WHEREAS, on or about December 29, 1998 Resolution 98.11 of the Lynwood
Information Inc. (the `LII ") was adopted and said Resolution established, among other things,
schedule of meetings and compensation for the same; and
__ _ - WHEREAS, since adoption of Resolution 98.11 the Lll has-compensated Directors for
all meetings and said compensation has resulted, due to the number of meetings necessary to
attend to the entity's business, in considerable sums expensed as Directors' compensation, and
WHEREAS, on or about January 6, 2004 Resolution 2004 02 (the "2004 Resolution ") of
the LII was adopted to establish a limit for the number of meetings for which compensation was
provided by Lll, and
WHEREAS, the Directors of the Lynwood Information, Inc. desire to maintain the limits
on the compensation payable to Directors but also wish to provide some flexibility for when said
meeting are to be conducted; and
WHEREAS, limiting the amount of compensation paid to Directors or changing the type
of meetings for which said compensation may be provided requires the amendment of the
provisions of Resolution 2004 02 by a subsequent resolution.
NOW, THEREFORE, THE LYNWOOD INFORMATION INC DOES HEREBY RESOLVE
AND DETERMINE AS FOLLOWS
Section 1. That the Ly_mv_ood Information Inc shall meet during the regular City Council
meetings on the first and third Tuesday of every month, and at such other times as may be
warranted by circumstances.
Section 2 . Directors shall be eligible to receive compensation in the manner set forth in
Resolution 98.11 subject to the financial limits established by Resolution 2004 02. Said
compensation, however, shall only be provided for a maximum of twenty four (24) meetings in
any calendar year as the same may be scheduled by the Board of Directors of 1-I1 regardless of
the total number of meeting actually taking place for said calendar year Except as amended
herein, the terms of Resolution 98.11 and Resolution 2004 02 shall remain in force.
Section 3. In the event that, for any reason, any provision of this resolution is found to be
not in compliance with applicable laws, this resolution shall become inoperative and Resolution
98.11 and Resolution 2004 02 shall continue to apply as though this resolution had never been
adopted.
Section 4. That this resolution is to be given effect effective July 1, 2006 once adopted
by the Board of Directors of the Lynwood Information Inc.
PASSED; A1 AND ADOPTED this 5th day of JULY 2006.
PRE � AVASQUEZ, EN
A TTEST
ANDREA HOOFER, CITY CLERK
APPROVED AS TO FORM
I ARNOLDO BELTRAN, COUNSEL
STATE OF CALIFORNIA )
)SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of Lynwood Information Inc, 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 5th day of
JULY ,2006
AYES DIRECTORS, BYRD, JOHNSON, PEDROZA, SANTILLAN, AND VASQUEZ
NOES NONE
ABSENT NONE
ABSTAIN NONE
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
)SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Information Inc, do hereby
-- -. -- certify that - the - above - foregoing -is a -fu il ,rue- and - correct -copy of- Resolution No
2006.012 on file in my office and that said Resolution was adopted on the
date and by the vote therein stated
Dated this 5th day of JULY 1 2006
a
Andrea L. Hooper, City Clerk