R-88-1180 - 10/13/1988WHEREAS, the City of Round Rock obtained a judgment against Glenn
Neans, et al (Neans) for $1,500,000.00 plus prejudgment and
postjudgment interest, and
WHEREAS, the City agrees to not execute the judgment against
Neans in consideration of the partial transfer to the City of any
causes of action Neans may have against certain carriers of liability
insurance coverage, and
WHEREAS, the City Council approves of the terms and conditions of
that certain Transfer of Cause of Action, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS
That the Mayor is hereby authorized and directed to execute on
behalf of the City a Transfer of Cause of Action, a copy of which is
attached hereto and incorporated herein for all purposes.
RESOLVED this 44 day of October, 1988.
ATTEST:
G7RESNEANS
LAND, City Secretary
RESOLUTION NO. //C a
21,141-
MIKE ROBINSON, Mayor
City of Round Rock, Texas
DATE: October 11, 1988
SUBJECT: Council Agenda, October 13, 1988
ITEM: 11K. Consider a resolution authorizing the Mayor to
execute an agreement accepting transfer of a Cause
of Action from Glenn Neans et al to the City of
Round Rock regarding Cause #84 -055 -C in the 277th
District Court, Williamson County, Texas.
STAFF RESOURCE PERSON: Steve Sheets
STAFF RECOMMENDATION: Steve will make this presentation at the meeting.
ECONOMIC IMPACT: