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HomeMy WebLinkAbout4293 RESOLUTION NO. 4293 A RES0LUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA AUTHORIZING A RELEASE IN THE CASE ENTITLED THE STATE OF CALIFORNIA, ET AL. vs..STANDARD OIL COMPANY OF CALIFORNIA,ET AL. WHEREAS, the City of Arcadia is a party to an action entitled The State of California, et al., Plaintiffs, vs. Standard Oil Company of California, et al., Defendants, and is represented therein by the Attorney General of the State of California; and WHEREAS, 'the Attorney General has entered into a Settle- ment Agreement with Edgington Oil Company and has requested the City to execute a Final Release in order to consummate said settle- ment; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARCADIA THAT: SECTION 1. The settlement of said suit 'filed on behalf of the City of Arcadia against Edgington Oil Company, Case No. 51107, +n the United States District Court, Northern District of California, as set forth in the Settlement Agreement entered into on behalf of the,City of Arcadia by its counsel is hereby authorized, approved and ratified. SECTION 2. That the Mayor is hereby authorized to execute and deliver the Final Release approved by its counsel (Exhibit C to the Settlement Agreement) and cause the suit to be dismissed without prejudice, each party to bear its own costs and attorneys' fees. SECTION 3. The City Clerk shall certify to the adoption of this resolution. -1- 4293 I HEREBY CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Arcadia held on the 5th day of September, 1972, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Butterworth, Helms, Scott and Hage NOES: None ABSENT: Councilman Arth ~(~~~57t~ City Clerk of the City of rcadia SIGNED AND APPROVED this rcadia ATTEST: ~~~?&~)~ City Clerk (SEAL) -2- 4293