HomeMy Public PortalAbout2012.025 - LSA (09-18-12) RESOLUTION NO. 2012.025
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
AUTHORIZING THE MAYOR TO EXECUTE AN AMENDMENT TO THE AGREEMENT
BETWEEN THE CITY OF LYNWOOD AND VASQUEZ & COMPANY LLP
INCREASING THE FEE FROM $20,000 TO $22,080 TO CONDUCT A "DUE
DILIGENCE" REVIEW AS REQUIRED BY AB 1484 FOR THE FISCAL YEAR
ENDING JUNE 30, 2012 AND RELATED ADDITIONAL APPROPRIATION FROM
RPTTF FUNDS
WHEREAS, on August 21, 2012, the City Council approved an agreement with
Vasquez & Company LLP to conduct a "due diligence" review for the fiscal year ending
June 30, 2012; and
WHEREAS, the total payment pursuant to the existing agreement shall be
$20,000; and
•
WHEREAS, the required procedures to be performed were revised• by the
California Department of Finance; and
WHEREAS, the revised procedures require additional fieldwork; and
•
WHEREAS, the audit firm's fee requires an additional amount of $2,080, the total
. revised fee is $22,080.
NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS:
Section 1. The City Council authorizes the Mayor to execute an amendment to
the Agreement between Vasquez & Company LLP and the City of Lynwood for the
contractor to conduct a "due diligence" review for fiscal year ending June 30, 2012, as
required by AB 1484.
Section 2. The amendment to the Agreement shall be in a form approved by the
City Attorney and the total payment to the contractor shall not exceed $22,080.
Section 3. The City Council apprl ves the additional appropriation of $2,080
from Redevelopment Property Tax Trust Fund (RPTTF) funds.
Section 4. This Resolution shall become effective immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 18th day of September, 2012.
_
Orr Morton, Ma
ATTEST:
Ar
Maria Quinonez, City Clerk Roger L. aley, r Manager
APPROVED AS TO FORM: APPROVED AS TO CONTENT:.
Fred Galante, City Attorney Amanda Roberson, Controller/
Audit Manager
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 18th day of September, 2012.
AYES: COUNCIL MEMBERS CASTRO, RODRIGUEZ, SANTILLAN-BEAS,
ALATORRE AND MORTON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
At. AS
Maria Quinonez, City 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. 2012.025 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this 18th day
of September, 2012.
Maria Quinonez, City Clerk