HomeMy Public PortalAbout2012.022 - LSA (08-21-12)RESOLUTION NO. 2012.022
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE LYNWOOD
REDEVELOPMENT AGENCY APPROVING A CONTRACT WITH VASQUEZ &
COMPANY LLP TO CONDUCT "DUE DILIGENCE" REVIEW A& REQUIRED BY AB
1484 FOR FISCAL YEAR ENDED JUNE 30, 2012 AT AN OF $20,000, AUTHORIZING
THE MAYOR TO EXECUTE THE AGREEMENT AND THE ENGAGEMENT LETTER
WHEREAS, as part of AB 1484, California Health and Safety Code Section
34179.5(a) requires each successor agency to select and employ a licensed accountant
to complete a "due diligence" review; and
WHEREAS, Vasquez & Company LLP was engaged by the City to perform the
City's annual audit and is familiar with the City's financial system; and
WHEREAS, Vasquez &Company LLP is licensed and in good standing with the
California Board of Accountancy, and has the required local government experience;
and
WHEREAS, the City received a notice from the County of Los Angeles approving
the City's request to allow the same firm to perform the "due diligence review as
required by AB 1484; and
NOW, THEREFORE, the City Council of the City of Lynwood does hereby find,
order, and resolve as follows:
Section 1. That the engagement of Vasquez & Company LLP to provide audit
services for the City of Lynwood for the fiscal year ended June 30, 2012 is approved at
an amount of $20,000.
Section 2. That the Mayor is authorized to execute the agreement and the
Engagement Letter with Vasquez & Company, LLP attached hereto and incorporated
herein.
Section 3. That this resolution shall become effective immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 21S day of August, 2012.
Jim Morton, Mayor
ATTEST:
aria Quirionez, City Clerk
APPROVED AS TO FORM:
"O'A )( , ) Jk
Fred Galante, City Attorney
e
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the
Lynwood Redevelopment Agency, 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 21 day of August, 2012.
AYES: COUNCIL MEMBERS CASTRO, RODRIGUEZ, SANTILLAN -BEAS,
ALATORRE AND MORTON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
r
Maria Quinonez, Cify Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the
Lynwood Redevelopment Agency, do hereby certify that the above foregoing is a full,
true and correct copy of Resolution No. 2012.022 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this 21 day
of August, 2012.