HomeMy WebLinkAboutRES 05-112 RESOLUTION NO. 05-112
WHEREAS, the bankruptcy In re Pegasis Network Systems. Inc. has been
discussed in an Executive Session properly called and held Tuesday, April 26, 2005; and,
WHEREAS, the Council desires to authorize the settlement of this bankruptcy ;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the City Attorney or his designee be and is hereby authorized to settle the
bankruptcy claim with Pegasis Network Systems, Inc. for the amount of$20,000.
BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute on
behalf of the City of Beaumont all documents necessary to the settlement of the above
referenced bankruptcy.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 10th day of May,
2005.
Mq �,�1
1
- Ma r Evelyn Lord -