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RESOLUTION NO. 7,783
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A RESOLUTION AUTHORIZING THE USE OF FUNDS
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DESIGNATED FOR GENERAL CONTINGENCY PURPOSES
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FOR THE PAYMENT OF ANY JUDGMENT RENDERED
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IN THE RAGAN V. VENHAUS CASE OVER AND ABOVE
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THE $2,000,000.00 PREVIOUSLY APPROPRIATED.
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WHEREAS, as of December 31, 1986, the City of Little Rock
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had on hand in the City's General Fund $3,325,000.00 for general
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contingency purposes; and
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WHEREAS, the City has previously set aside $2,000,000.00
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for payment of a judgment in the case of James T. Ragan v. Donald
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Venhaus, Case No. 82- 4503, which judgment is expected to exceed
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such appropriation; and
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WHEREAS, it is the intent of the Board to use such general
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contingency funds for the payment of any liability the City may
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owe on the Ragan case above the $2,000,000.00 previously
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appropriated.
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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
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OF THE CITY OF LITTLE ROCK, ARKANSAS:
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SECTION 1. It is the intent of the Board of Directors
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that the payment of any judgment rendered against the City above
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the $2,000,000.00 previously appropriated, be paid from the
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monies in the General Fund as designated for general contingency
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purposes; such intent being considered effective December 31,
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1986.
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ADOPTED: May 19, 1987
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T : APPROVED :
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�nh4y..�,
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�1 J.,4,
Asst. City Clerk Robbie Hancock Asst. Mayor F:uddy" Villines
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A ilk S T
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MARK STODOLA, CITY ATTORNEY