Laserfiche WebLink
MaD TO: MAYOR & CITY COUNCIL <br />91 FROM: DON BFAGER, FINANCE DvECTOR <br />DATE: ;apt, 12, 1989 <br />SUg7ET: PIPELINE LAWSUIT F7 M SES <br />Total pipeline lawsuit expenses paid through Febnuiry 2rg 1h89 are <br />sources: <br />$280,732.00. These expenses were Paz <br />General Fund: Designation for <br />Contingency (nresgen=ies) <br />Fagal.Defense FW4 (i988 Tao <br />Levy of $135,000) <br />General Fund: Annual Budget's <br />1986 & 1987 <br />it is anticipated thac 131,000 - $50,000 <br />expert witness fees will be received in <br />1 t the $44,919.00 rarairi-19 in the <br />$171,837.00 <br />$90,081.00 <br />$18,814.00 <br />of bills for legal fees and <br />the near future. That will <br />Legal Defense Fluid. <br />dep e e <br />Of the $250,000.00 received from WilliamPipeline I reoommeirl that <br />$171,837.00 be used to rein ur thethat the 518nation �81400 thatwas <br />.- (Emergencies) of Gene u My recollection of COW',': <br />spent from annual budges also be repai'. believe that <br />intent was that 1l� nx,= � �doteDees gdtion for Contingencies <br />good financial p of toe reason the City <br />(Emergencies) be maintained, In my opinion part due to the <br />was able *.o pursue the lawsuit against Williams pipeline for or Con - <br />fact that the City had provided for and had a Designs <br />tingencies (ariergencies)- <br />If the above reconnendations were inglenented Cher <br />balance of $59, 349.00. should additional Defense � es <br />more than the balance. of the Leg <br />would be n=ed for those expenses. The remaining <br />for any purpose designated by the Council. <br />any decision on the use of this money <br />the lawsuit are received. <br />I suggest that Council defer <br />until all bills pertaining to <br />DB/jaf <br />e would remain a <br />of the lawsuit be <br />ome of this Honey <br />irony could be used <br />