HomeMy WebLinkAboutC-4i - Funding for City Dump Site Study! 2.08
CITY OF NEWPORT BEACH
OFFICE OF THE CITY MANAGER
December 22, 1967
TOi CITY COUNCIL
FROM: City Manager
SUBJECT: FUNDING FOR CITY DUMP SITE STUDY
On October 14, 1966, a contract was executed with C, E, Hurley
Contracting Company to replenish 60,000 cubic yards of sand in West Newport
for $51,000, The total amount was encumbered. The City has to this date
paid $38,165 which we consider payment in full, This leaves an unexpended
balance of $12,835. The contractor has filed a suit against the City claim -
ing that the amount paid is insufficient. Litigation is pending on this
matter and in all probability will not appear on the Court calendar for
at least six months. If at that time a judgment should be rendered in
favor of the plaintiff, we would be into the 1968 -69 fiscal period. Since
the City would have the right to appeal�finaljudgment could very well be
extended into the 1969 -70 fiscal period, With this prospective time table,
it is illogical to continue the encumberance on the $12,835 and it would
appear much more appropriate to return this money to the Unappropriated
Contingency Reserve to be utilized in the current fiscal period,
It is recommended that the Council make this budgetary transfer
and in turn utilize a portion of these surplus funds to provide for the
$5,700 Economic Land Use Study of the City Ihmp Site which was approved at
the last Council meeting„ This will result in a net increase to the Un-
appropriated Contingency Reserve of $7,135 for a total balance of $22,828,
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HARVEY L. HURLBURT