HomeMy WebLinkAboutAgenda Report - January 6, 1988 (76)"I T C 0 d N C I L C0MMUNICA, ON
TO: THE CITY COUNCIL
FROM: THE CITY MANAGER'S OFFICE
COUNCIL MEETING DATE:
JANUARY 6, 1988
SU3JECT: APPROVE TERMS AND CONDITIONS OF SETTLEMENT OF THE WILLIAM G. HOLZ ESTATE
This Council Communication is a memorandum of the action taken in the announced closed
session of December 19, 1987 - The City Council determined to settle the dispute in the
matter of the William G. Holz Estate.
The City Council will accept from St. Anthony's Dining Room, San Mateo, Stockton Community
Blind Center, Stockton, and St. Anne's Catholic Church, todi, an assignment of their
residual interest in the estate of William G. Holz.
The City of Lodi in settlement of this dispute will pay to the respective charities the
following sums:
a) $125,000 to St. Anthony's
b) $125,000 to Blind Center
c) $250,000 to St. Anne's