2003 AGN JUN 17 I26 - Laserfiche WebLink

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Item #26 CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF June 17, 2003 Honorable Mayor and City Council FROM: Finance Director SUBJECT: Approval and Adoption of Proposed Resolution of the City Electing to Become Subject to the Uniform Public Construction Cost Accounting Act. TE: June 17, 2003 BACKGROUND: The proposed resolution is related to the proposed ordinance to be considered by the City Council which will adopt new purchasing procedures for the City in accordance with the Uniform Public Construction Cost Accounting Act (the "Act"), pursuant to California Public Contract Code, Section 22000 et seq. DISCUSSION/ANALYSIS: In order to implement the provisions of the Act, the law requires a public agency to adopt a resolution to elect to become subject to the Act and to notify the State Controller of the City's actions. Adoption of the proposed resolution is a necessary step in establishing efficient procedures for purchasing supplies, services and equipment underthe provisions of the Act. FINANCIAL IMPACT: This resolution is related to the adoption of Ordinance regarding new purchasing procedures. This resolution, in and of itself, will not result in financial impacts. It is a procedural step for the City to become subject to the Act. Any indirect financial impact of this resolution will be a result of adoption of the proposed ordinance and its new purchasing procedures. RVP1B\1;GS\654189 _1