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HomeMy WebLinkAbout4294 RESOLUTION NO. 4294 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA AUTHORIZING A RELEASE IN THE CASE ENTITLED THE STATE OF CALIFJRNIA, 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 Witco Chemical Corporation and Robert L. Feldman and requested the City to execute a Final Release in order to consummate said settlement; 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 Witco Chemical Corporation and Robert L. Feldman, Case No. 51107, in the United States Dtstrict 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. I 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- 4294 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 &u~/)fJJ );~ S;~~ City Clerk of the City of Arcadia SIGNED AND APPROVED this 42~"972' , ay r of the City 0 Ai'tradia ATTEST: L~~?~~ City Clerk .1 (SEAL) .' , -2- 4294