HomeMy WebLinkAboutResolutions - No. 3126RESOLUTION NO. 3126
44 .c.a5, the City Council of the City of Lodi on January 3, 1968,
authorized the execution of a contract dated December 2o, 1967, for the
purchase of anproxd.mately eight acres of the Hallinan property lying West
of the Lawrence Park Stadium in the City of Lodi; and
,11-122EAS, the total purchase price for said property is the sura of
$100,000.00 payable $5,000.00 on January 2, 1968, and the like sum of
$5,000.00 on January 2 of each year until the total purchase price has been
paid; and
W.'t5, the City Council of the City of Lodi is desirous to establish
a fund and set aside the necessary moneys to cover the total purchase price
of said property;
NOW, TI ;R.EFOF.E, B: IT R3SOLVD) by the City Council of the City of Lodi
that there be, and there is created a special fund to be known as the
"Hallinan Lard Purchase Fund" and that there be transferred from the general
funds of the City of Lodi to said special fund the sur. of $130,000.00 in
order that moneys will be available to pay the insta1l'ents of said purchase
price as and when said installments became due and payable.
Certified to be a full, true and correct col. -;r of Resolution
No. 3126 passed and adopted by the City Council of the City of Lodi
in regular meeting held January 3, 1968, by the following vote:
yes: Councilmen - BRO N, CUILBERTSON, Hi HELL, WALTON
and KIRSTEN
Noes: Councilmen - None
Absent: Councilmen - None