HomeMy WebLinkAboutResolution 2009-195 united fire and casualty company v pima county relating to honea heightsMARANA RESOLUTION N0.2009-195
RELATING TO FINANCE; APPROVING THE TRANSFER OF $250,000 IN BUDGETED
EXPENDITURE AUTHORITY FROM THE GENERAL FUND CONTINGENCY LINE
ITEM TO THE UNINSURED LOSS LINE ITEM FOR THE PARTIAL PAYMENT OF
THE SETTLEMENT OF THE CASE ENTITLED UNITED FIRE & CASUALTY COMPANY
V. PIMA COUNTY, CASE NO. CV 08-381-DCB, INVOLVING SEWER INSTALLATION
AND CONNECTION WITHIN HONEA HEIGHTS
WHEREAS, on June 23, 2009, the Council adopted the fiscal year 2009-2010
budgetary document and overall financial plan which set the legal level of budgetary control
at the department level for the General Fund and at the fund level for all other funds; and
WHEREAS, on November 17, 2009 Mayor and Council approved the settlement of
the case entitled United Fire & Casualty Company v. Pima County, Case No. CV 08-381-
DCB, involving sewer installation and connection within Honea Heights; and
WHEREAS, the settlement agreement allows for the settlement amount of $625,000
to be paid in two installments with the first payment of $250,000 due within thirty days of the
agreement's approval and the second installment of $375,000 by the end of July 2010; and
WHEREAS, reallocations of budgetary amounts between the contingency line item in
the General Fund to other line items are necessary from time to time.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF MARANA, ARIZONA, that the of transfer of $250,000 from the General
Fund's budgeted contingency line item to the uninsured loss line item to pay for the first of
two settlement payments shall be approved.
PASSED AND ADOPTED by
Arizona, this 1St day of December, 2009.
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the Mayor and Council of the Town of Marana,
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Mayor Ed Honea
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`"'~ ocelyn~ ~. Bronson, Town Clerk
APPROVED AS TO FORM: