HomeMy WebLinkAboutCouncil Resolution 649RESOLUTION N0. 649
A RESOLUTION ACCEPTING INSURANCE CLAIM SETTLEMENT FUNDS
AND INCREASING APPROPRIATIONS FOR FISCAL YEAR 1992-93
Recitals
1. On August 16, 1992, an electric valve controlling the
pumps for the. City's one million gallon reservoir at the City
shops, at 399 S. Fifth Street, Central Point, Oregon, ruptured
causing damage to the shop building and its contents.
2. After filing an insurance claim for said damages, the
City has settled the claim with Zurich Insurance Company, the
carrier insuring the damage, in the amount of $7,297.
3. ORS 2.94.455 provides. that if property has been destroyed
and is to be repaired with payments received (from insurance or
otherwise) for the destruction, appropriations for the estimated
expenditure of such money shall be made by resolution.
Now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTRAL
POINT, OREGON, that monies totaling $7,297.97 received from
Zurich Insurance Company be accepted and allocated to the. Utility
Fund and the Public Worlss Equipment Rental Fund, and that said
monies further be appropriated as follows:
REVENUE
Utility Fund
Public Works Equipment Rental Fund
EXPENDITURES
Utility Fund
Water Department Salaries and Wages
Public Works Eauipment Rental Fund
Materials and Services
$ 2,110.00
5,187..97
$ 7,297.97
$ 2,110.00
5,187.97
$ 7,297.97
Passed by the Co~ncil and signed by me in authentication of
its passage this o?!o day of rc~ _,^,~, 1993.
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Council President
1 - RESOLUTION N0. 649 (011593)
ATTEST:
City Repr. entative
Approved by me this aim day of 1993.
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Council President
2 - RESOLUTION N0. 649 (011593)