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DES:d~~ 05/08/96 (047/32) <br /> 0 R I G I N AL 6/3/96 <br /> <br /> R E S O L U T I O N N O. 12771 <br /> <br /> RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF <br /> AGREEMENT FOR ACCOUNTING AND FINANCIAL SERVICES <br /> <br /> (SOUTH BAYSIDE SYSTEM AUTHORITY) <br /> <br /> WHEREAS, the City of Redwood City and the South Bayside <br />System Authority ("SBSA"), a public entity established pursuant <br />to joint exercise of powers agreement, entered into an agreement <br />dated January 8, 1987 (the "Basic Agreement"), pursuant to which <br />the City has performed certain professional accounting and <br />financial services for the SBSA; and <br /> <br /> WHEREAS, pursuant to paragraph 4 of the Basic Agreement the <br />parties renewed and extended the term and revised the <br />compensation payable thereunder pursuant to amendments thereto <br />dated June 16, 1987 (the "First Amendment"), June 22, 1988 (the <br />"Second Amendment"), June 21, 1989 (the "Third Amendment"), June <br />18, 1990 (the "Fourth Amendment") , July 8, 1991 (the "Fifth <br />Amendment"), July 20, 1992 (the "Six Amendment"), June 23, 1993 <br />(the "Seventh Amendment") , June 18, 1994 (the "Eighth <br />Amendment"), and June 12, 1995 (the "Ninth Amendment"); and <br /> <br /> WHEREAS, the parties to the Basic Agreement desire to renew <br />and extend the term thereof and revise the compensation payable <br />thereunder for the period July 1, 1996 - June 30, 1997; and <br /> <br /> WHEREAS, a Tenth Amendment to the Basic Agreement providing <br />for the foregoing has been presented to, and reviewed by this <br />Council and this Council desires to approve and authorize the <br />execution thereof; <br /> <br /> <br />