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HomeMy WebLinkAbout1162 • 411 RESOLUTION NO. 1162 RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF MUTUAL RELEASE OF ALL CLAIMS BETWEEN THE CITY OF THE TOWN OF LOS ALTOS HILLS AND KARL FOVENYESSY, MERTONEDMUK AS ADMINISTRATOR AND .ARAD CONSTRUCTION COMPANY RESOLVED, by the City Council of the City of the Town of Los Altos Hills , County of Santa Clara, State of California, that WHEREAS , the City Council of the City of the Town of Los Altos Hills has read and considered that certain Mutual Release of all Claims between the City of the Town of Los Altos Hills , Karl Fovenyessy, Merton Downing, Administrator of of the Estate of John Normak, deceased, and Arad Construction Company, a co-partnership, providing for the settlement of all claims arising out of a construction contract between the City of the Town of Los Altos Hills and Arad Construction Com- pany for the construction of the Council Chamber building, wherein the sum of $2 ,000 .00 out of the unpaid balance of the above described contract be paid to Karl Fovenyessy and Merton Dowfting,Administrator; NOW, THEREFORE, IT IS FOUND ORDERED AND DETERMINED as follows : 1. Public interest and convenience require the enter- ing into of -the Mutual Release of All Claims and the payment of the sum of $2 ,000 . 00 as described therein, in order to finally resolve the long standing dispute concerning construction of r A • • • 1 the Council Chamber Building, and the City of the Town of Los Altos Hills hereby approves the above described Mutual Release of All Claims . 2 . The City of the Town of Los Altos Hills shall enter into and the Mayor and City Clerk of the City of the Town of Los Altos Hills be, and they and each of them hereby is author rized and directed on behalf of said City, respectively, to execute and attest the above described Mutual Release of All Claims REGULARLY passed and adopted this 1st day of November, 1978. Mayor . ATTEST: City Clerk -2-