HomeMy Public PortalAbout2010.004 (01-05-10)RESOLUTION NO. 2010.004
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AWARDING
THE CONTRACT TO WAYNE SEMINOFF COMPANY FOR THE RECOVERY OF
.DORMANT FUNDS FROM OLD COURT CASES
WHEREAS, reviews of dormant funds related to closed court cases is a
specialized service and only a few companies have the experience and capacity to
perform this task; and
WHEREAS, the City desires to generate revenue that would allow the City to
recover revenue owed to the City due to unpaid court cases; and
WHEREAS, the City°of Lynwood solicited bids for the recovery of unclaimed
funds on December 3, 2009; and
WHEREAS, all bidders were evaluated based on specific criteria provided in the
Unclaimed Fund Request for~Proposal; and
WHEREAS, the Wayne Seminoff Company has more than thirty years
experience and recovered over $400,000 for the references provided; and
WHEREAS, their fee will be 35.5% of the recovery of dormant funds related to
the closed court cases.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS: '
Section 1. That the contract for the Unclaimed Fund Recovery will be awarded
to Wayne Seminoff Company.
Section 2. That the Mayor is authorized to execute the said agreement in a form
approved by the City Attorney.
Section 3. That this. Resolution shall become effective immediately upon
adoption
PASSED, APPROVED, and ADOPTED this 5t" day of January, 2010.
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Maria T. Santillan, Mayor
ATTEST:
~ ~
Maria Quinonez, City Clerk
APPROV D AS TO FORM:.
Fred Galante, City Attorney
APPROVED AS TO CONTENT:
Roge .Hal ,City Manager
Y
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
)
SS.
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 5t" day of January, 2010.
AYES: COUNCIL MEMBERS FLORES, MORTON, CASTRO, AND SANTILLAN
NOES: NONE
ABSENT: COUNCIL MEMBER RODRIGUEZ
ABSTAIN: NONE
Maria 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. 2010.004 on file in my office and that said Resolution was adopted on
the date and by the vote therein stated. Dated this 5t" day of January, 2010.
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Maria Quinonez, y Clerk