CC RESOLUTION 347629134 -01
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RESOLUTION NO. 3476
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO APPROVING AND AUTHORIZING
AND DIRECTING EXECUTION OF SERVICE AGREEMENT WITH
SOUTH BAY REGIONAL PUBLIC COMMUNICATIONS AUTHORITY,
AND RESCINDING RESOLUTION NO. 3466:
M5507
WHEREAS, the South Bay Regional Public Communications Authority (the
"Authority ") proposes to purchase certain equipment consisting of a police
communication system (the "Equipment ") by purchasing the Equipment from Security
Pacific Merchant Bank (the "Bank ") pursuant to that certain Installment Sale Agreement,
dated as of June 1, 1987, by and between the Bank and the Authority (the "Installment
Sale Agreement "); and
WHEREAS, the City, together with the Cities of Gardena, Hawthorne and Manhattan
Beach, wishes to use the services provided by the Equipment, and for that purpose the
City proposes to enter into that certain Service Agreement, dated as of June 1, 1987, by
and between the City and the Authority, in substantially the form on file with the City Clerk
(the "Service Agreement "), pursuant to which the Authority agrees to make the Equipment
available to the City and the City agrees to make certain payments (the "Base Payments ")
necessary to amortize the City's proportionate share of the cost of financing the
Equipment; and
WHEREAS, the Bank intends to finance the costs of acquiring and installing the
Equipment by entering into that certain Escrow Agreement, dated as of June 1, 1987, by
and among the Bank, the Authority and Security Pacific National Bank, as escrow agent
(the "Escrow Agent ") (the "Escrow Agreement "), pursuant to which the Escrow Agent
agrees to disburse funds for the acquisition of the Equipment to and to receive Base
Payments from each of the Cities, and to disburse such payments to the Bank or its
designee; and
WHEREAS, the City Council approves the financing of the Equipment as described
herein;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of El
Segundo as follows:
Section 1. Service Agreement
The City Council hereby approves the Service Agreement in substantially the form
on file with the City Clerk, together with any additions thereto or changes therein hereafter
approved by the City Manager, whose signature' on the Service Agreement shall
conclusively evidence such approval. The schedule of Base Payments shall be set forth
in Exhibit A to the Service Agreement, and such Base Payments may not exceed $39,250
in any fiscal year. The City Manageris hereby authorized and directed to execute, and the
City Clerk is hereby authorized and directed to attest, the Service Agreement for and in the
name and on behalf of the City.
Section 2. Resolution No. 3466 adopted May 19, 1987 is hereby rescinded.
Section 3. The City Clerk shall certify to the passage and adoption of this
resolution; shall enter the same in the Book of original resolutions of said
city; and shall make a minute of the passage and adoption thereof in the records
• of the proceedings of the City Council of said city, in the minutes of the
meeting at which the same is passed and adopted.
PASSED, APPROVED and ADOPTED this 16th day of June, 1987.
7
17 '�
r Pro Tem e City f E1 Segundo,
ifornia
A T:
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City Clerk
(seal)
62
1 STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF EL SEGUNDO )
I, RONALD L. i7AFU City Clerk of the City of EL SEGUNDG do hereby certify
that the foregoing Resolution No. 3476 was introduced and adopted at a regular meeting
provided by law, of the City Council of the City of EL sF.cumi held on the 16th day of
June , 1987, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Mayor Pro Tem Keith Schuldt, H,R, "Bob Anderson, Carl
Jacobson and Alan West
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERSMayor Jack F. Siadek
1*
t
i
Pro Tern
AND I FURTHER certify that the Mayor /of the City of EL SEC-UNDO signed said
Resolution No. 3476 on the 16th day of June , 1987.
IN WITNESS WHEREOF, I have t my hand and d t seal of the
City of EL SEC-UNDO this 18th d of June , 1987. fk
CLERK OF THE
CITY OF EL SEGUNDO
(SEAL)