HomeMy WebLinkAboutCC RESO 14,277RESOLUTION NO. 14,277
RESOLUTION APPROVING PROPOSED SETTLEMENT
AGREEMENT OF COUNTY OF SAN DIEGO v. EL
CAPITAN OIL COMPANY
SAN DIEGO SUPERIOR COURT NO. 462897
WHEREAS, the City of National City is party to this lawsuit
to recover excess costs incurred for the purchase of diesel fuel
when El Capitan Oil Company defaulted on their contract between
February 14 and July 14, 1979; and
WHEREAS, our interests have been represented by County
Counsel in this matter; and
WHEREAS, the proposed settlement terms for a net recovery
after collection costs of approximately forty-four
percent (44%)
of the principal amount allegedly owed is the best possible
under the circumstances;
THEREFORE, BE IT RESOLVED that this governing body on behalf
of the City of National City directs County Counsel to settle
the above litigation on the terms indicated.
PASSED and ADOPTED this 20th day of March, 1984.
ATTEST:
CITY CLERK
VICE MA 0