HomeMy WebLinkAboutORD 544 (1972) 7
ORDINANCE NO. 544
2 AN ORDINANCE OF THE CITY OF TUSTIN, CALIFORNIA,
~' AMENDING ORDINANCE NO. 540 RELATIVE TO COST OF
~ LIVING ADJUSTMENTS
.... 4 The City of Tustin, California, does hereby ordain
5 as follows:
6 Section 47~4 of Ordinance 540 is hereby amended to
7 read as follows:
* 8 SECTION 4744 CHANGE IN COST OF DOING BUSINESS
9 The fees or compensation payable to the Contractor for the second
and subsequent years of the term hereof shall be adjusted upward
or downward to reflect changes in the cost of doing business, as
measured by fluctuations in the Consumer Price Index (CPI) published
11 by the U. S. Department of Labor, Bureau of Labor Statistics, for
the LOs Angeles-Long Beach area. At the start of the second year
and every six months thereafter, the fees or compensation shall be
increased or decreased in a percentage amount equal to the net
percentage change in the said CPI computed as follows:
14 Beginning with the first month of the second year, the net change
~-- shall be the difference between the said CPI for the first month
15 of the Agreement and the last month of the first year.
Beginning with the seventh month of the second year of this Agree-
ment and every six months thereafter, the net change in the said
17 CPI shall be the change for the preceding-six-month period.
18 PASSED AND ADOPTED at a regular meeting of the City
19 Council of the City of Tustin, held on the 19th day of June 1972.
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STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
RUTH C. POE, City Clerk and ex-officio Clerk of the City
Council of the City of Tustin, California, does hereby
certify that the whole number of members of the City Council
of the City of Tustin 'if five; that the above .and fore-- ~'
going Ordinance No. 544 was duly and regularly introduced
and read at a regular meeting of the City Council held on
the 5th day of June , 1972 , and was given
its second reading and duly passed and adopted at a regular
meeting held on the 19th day of June , 197 2
by the following vote: '" "
AYES: COUNCILMEN SALTAREELI, L. MILLER, LANGLEY, WELSH
NOES: COUNCILMEN NONE
ABSENT: COUNCILMEN C. MILLER
C~y of TUst~n, C~li~ornia