HomeMy WebLinkAboutReso 96-064 - Approve & Adopt the 31st Amendment to City Budget Reso 95-153 Appropriating $ for the Property Settlement and Legal Expenses with Sanders & Shasta Enterprises . �� � i �
RESOLUTION NO. q� �� `�
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING
THE 31ST AMENDMENT TO CITY BUDGET RESOLUTION NO. 95-153
APPROPRIATING $2,350,000 FOR THE PROPERTY SETTLEMENT AND
LEGAL EXPENSES WITH SANDERS AND SHASTA ENTERPRISES.
BE IT RESOLVED BY THE C1TY COUNCIL OF THE CITY OF REDDING:
THAT Budget Resolution No. 95-153 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
172 897 Risk Management $2,350,000
THAT account titles and numbers requiring adjustment by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Decrease Fund Balance
Risk Management Fund
A/C No. 172-000-00-000 $ 235,000
Increase Revenue
Risk Management Fund
A/C No. 172-897-06-1100 2,1 ]5,000
Increase A,�pro�riation
Risk Management Fund
A/C No. 172-897-00-2295 Litigation Expense $2,350,000 �
$2,350,000 $2,350,000 �
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THAT the purpose is to appropriate $2,350,000 for the property settlement and legal �
expenses with Sanders and Shasta Enterprises. �-
. � . p � •
I HEREBY CER"TiFY that the foregoing Resolution was introduced and read at a regular
meeting of the City Council of thc City of Redding on the 2nd day of April , 19 96 , and
was duly adopted at said mecting by thc following vote:
AYE: COUNCIL MEMBERS: P• Anderson, R. And�rson, McGeorge, Murray and Kehoe
NOES: COUNCIL MEMBERS: None
ABSENT: COLINCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: Noae
/ �
DAVID A HOE, Mayor
ATTEST: T'ORM A_%�J�OVAL:
. F ' / ��.�..
�� � ��r �.
CONNIE STROHMAYCR it � Clcrk W. LEONARD ���1NG E, City Attorney