HomeMy WebLinkAboutReso 57-2001RESOLUTION NO. 57-2001
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN A
LETTER OF ENGAGEMENT, A FEE AGREEMENT AND OTHER
DOCUMENTS ON BEHALF OF THE CITY WITH THE WAYNE
SEMINOFF COMPANY FOR UNCLAIMED FUNDS RECOVERY
SERVICES
WHEREAS, the Wayne Seminoff Company specialized in locating and recovering unclaimed
funds on behalf of clients; and
WHEREAS, Wayne Seminoff Company has indicated that it located in excess of $100,000
in some type of legal settlement funds belonging to the City of South San Francisco; and
WHEREAS, for providing this service, the Seminoff Company charges its clients a fee of
38% of any unclaimed funds it provides.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San
Francisco that the City Council hereby authorizes the City Manager to sign a Letter of Engagement,
a Fee Agreement and other documents on behalf of the City with Wayne Seminoff Company for
unclaimed funds recovery services.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 27th day of June,
2001 by the following vote:
AYES'
Councilmembers Pedro Gonzalez, Karvl Matsumoto and John R. Penna,
Mayor Pro Tern Eugene Mullin and Mayor Joseph A. Fernekes
NOES' None.
ABSTAIN: None.
ABSENT: None.
ATTEST: