HomeMy WebLinkAbout26 - Settlement Agreement for Michael Farah; Budget AmendmentDecember 14, 1998
CITY COUNCIL AGENDA
ITEM NO. 26
TO: MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: PUBLIC WORKS DEPARTMENT
SUBJECT: SETTLEMENT AGREEMENT FOR MICHAEL FARAH; BUDGET
AMENDMENT
RECOMMENDATION:
Appropriate $120,000 from the CIOSA fund balance to Account No. 7432- C5100066.
DISCUSSION
The City Council authorized a settlement agreement with Michael Farah to compensate
him for grading and the reconstruction of noise attenuation walls along the easterly side
of MacArthur Boulevard southerly of San Miguel Drive. The City Attorney has finalized
the settlement agreement that provides for a $112,500 payment to Mr. Farah. There
will be an estimated $7,500 of additional work to be done by the City for sidewalk repair
and the construction of a site drainage structure.
This is considered to be a part of the Segment 1 MacArthur Boulevard Widening project
and can be funded from the CIOSA loan funds, the budget amendment appropriates
$120,000 from the CIOSA fund balance to Account No. 7432- C5100066.
Res tfully submitted,
PUBLIC WORKS DEPARTMENT
Don Webb, Director
f: \users\pbw\ shared \counciRfy98- 99\dec- 14\farah.doc
City of Newport Beach NO. BA- 029
BUDGET AMENDMENT
1998 -99 AMOUNT: $1zo,000.00
)ECT ON BUDGETARY FUND BALANCE:
Increase Revenue Estimates Increase in Budgetary Fund Balance
�X Increase Budget Appropriations AND X Decrease in Budgetary Fund Balance
Transfer Budget Appropriations No effect on Budgetary Fund Balance
from existing budget appropriations
from additional estimated revenues
X from unappropriated fund balance
EXPLANATION:
This budget amendment is requested to provide for the folloWng:
To appropriate $120,000 for grading, reconstruction of noise attenuation walls along the easterly
side of MacArthur Boulevard, sidewalk repair and construction of a site drainage structure.
This is to be funded from the CIOSA loan funds.
ACCOUNTING ENTRY:
BUDGETARY FUND BALANCE
Fund Account
CIOSA 430 3605
REVENUE APPROPRIATIONS (3601)
Fund /Division Account
EXPENDITURE APPROPRIATIONS (3603)
Division
Account
Division
Account
Division
Account
Division
Account
Division
Account
Signed:
Signed:
Description
Fund Balance Control
Description
Description
Number 7432 . CIOSA Loan Expenditures
Number C5100066 MacArthur Widening Improvement
Number
Number
Number
Number
Number
Number
Number
Number
Financial Approval: Finaric irej
Adniinistrative Approva
Amount
Debit Credit
$120,000.00
$120,00000
Date
Date
,d:
City Council Approval: City Clerk Date