HomeMy WebLinkAboutRESOLUTION 1977-15_...
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CITY OF KENAI
RESOLUTION N0. 77-15
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
REDUCING ACCOUNTS RECE~'VABLE IN THE GENERAL FUND.
WHEREAS, Borgen $ Sons Excavating broke a City water line an
October 23, 1975 and as a result of such break, a second break
occurred October 24, 1975, and
WHEREAS, a settlement of $581.65 has been offered by Borgen $
Son's insurance carrier, such amount covering the first water
line breakage only, and
WHEREAS, it is in the best interests of the City to withdraw
its claim for the second water line break, and
WHEREAS, $3,663.95 has been recorded as accounts receivable
in the General Fund for these water line breaks, and
WHEREAS, Council approval is required to reduce accounts
receivable.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
Kenai, Alaska, that Accounts Receivable in the General Fund
are hereby reduced by the amount of $3,082.30 to reflect
settlement of the claim against Borgen ~ Sons Excavating.
PASSED by the Council of the City of Kenai, Alaska this 2nd
day of February, 1977.
ATTEST:
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