HomeMy WebLinkAboutResolutions - No. 2008-200RESOLUTION NO. 2008-200
A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING TRANSFER OF FUNDS TO FUNDPCE/TCE
PAST LITIGATION EXPENSE
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
approve the transfer of PCE/TCE City insurance proceeds, PCE/TCE rate, and water
utilityfund as shown below to fund PCE/TCE past litigation expense:
PCE/TCE Settlement Fund $1,700,000
PCE/TCE Rate Fund $5,000,000
Water Utility Fund $6,300,000
BE IT FURTHER RESOLVED that the City Council does hereby approve future
transfers in the approximate amount of $1,700,000 to clear the remaining deficit from
PCE/TCE past litigation expense in the water fund.
Dated: October 1, 2008
I hereby certify that Resolution No. 2008-200 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held October 1, 2008, by the
following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Johnson, and
Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS— Mayor Mounce
ABSTAIN: COUNCIL MEMBERS— None
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NNIFER _ PERRIN
Assistant City Clerk
2008-200