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Ord 1575 - URGENCY ORDINANCE AMENDING SECTION 24.40.050 OF THE TOWN CODE TO PROVIDE THAT ARBITRATION SHALL BE CONDUCTED UNDER REGULATIONS ADOPTED BY THE TOWNORDINANCE NO. 1575 URGENCY ORDINANCE AMENDING SECTION 24.40.050 OF THE TOWN CODE TO PROVIDE THAT ARBITRATION SHALL BE CONDUCTED UNDER REGULATIONS ADOPTED BY THE TOWN The Town Council of Los Gatos hereby ORDAINS: SECTION 1. Section 24.40.050 of the Town Code is amended to read as follows: ''Sec. 24.40.050. Arbitration. When a party properly demands arbitration, the dispute shall be arbitrated under the regulations adopted pursuant to Section 24.10.025. SECTION 2. It is necessary for the immediate preservation of the public peace, health and safety that this ordinance take effect immediately, because of the following facts: 1. Arbitration before the American Arbitration Association has proven so expensive that it is not a practical remedy under the ordinance. 2. There are several arbitrations pending, and fairness to the parties re- quires that the issues be resolved quickly, instead of waiting 45 days until a normal ordinance would become final. 3. The Town has already adopted regulations on an urgency basis, but these regulations cannot be used in arbitrations without the adoption of this ordinance. SECTION 3. This ordinance takes effect immediately upon its adoption. Within 15 days after this ordinance is adopted, the Town Clerk shall cause it to be published once in a newspaper of general circulation published and circulated in the Town. This ordinance was adopted by the following vote as an urgency ordinance of the Town of Los Gatos at a regular meeting of the Town Council on A pril 18 ME AYES: COUNCILMEMBERS J oanne Benjamin, Terrence J . Daily, T homas J. F an Mayor Brent N. Ventura NOES: COUNCILMEMBERS None ABSTAIN: COUNCILMEMBERS N one ABSENT: COUNCILMEMBERS MarLyn J. Rasmussen SIGNED: Ra the Town of Los Gatos ATTEST: Deputy Clerk of the wn of Los Gatos -2-