HomeMy WebLinkAboutResolution No. 4334 RESOLUTION NO. 4334
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
CONFIRMING THE ACTION OF THE BOARD OF DIRECTORS OF THE
DOWNEY COMMUNITY HOSPITAL AUTHORITY WITH REGARD TO THE
CITY OF DOWNEY'S CLAIM
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES HEREBY RESOLVE AS
FOLLOWS:
WHEREAS, the City of Downey submitted a claim for $77,892 for
reimbursement of direct expenses incurred by the City for the construction
and financing of the downey Community Hospital, and
WHEREAS, the Authority at its December 7, 1983 meeting consid-
ered this claim along with other related claims totalling $13,792, and
WHEREAS, the Authority decided to deduct from the claim $36,000
which was the amount of a credit the City had given the buyer of the Stewart
& Gray property, and
WHEREAS, the Authority then approved a net claim of $55,684
subject to the confirmation of the City Council, and
WHEREAS, the Authority will cease to exist once the Authority's
bonds are defeased leaving no funds to pay for any legal defense of Authority
member in the event they should be sued for their action with regard to this
claim.
NOW, THEREFORE, BE IT RESOLVED that the City Council confirms
the decision of the Authority with regard to the hospital claim and considers
the claim settled upon payment of the $55,684, and will defend members of the
Authority in the event they should be the subject of legal action in this
matter after the Authority's bonds are defeased.
The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED THIS 13th day of December, 1983.
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A'rl'EST :
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City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of Downey at a regular meeting thereof, held on the
13th day of December, 1983, by the following vote, to wit:
AYES: 3 Council Members: Jackman, Quinn, Cormack
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NOES: 1 Council Members: Davila
ABSENT: 1 Council Members: Barb
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City Clerk