HomeMy Public PortalAbout2006_08_08_r146
The Town of
Leesburg,
Virginia
PRESENTED August 8. 2006
RESOLUTION NO. 2006-146
ADOPTED August 8. 2006
A RESOLUTION: APPROVING A SUPPLEMENTAL APPROPRIATION FOR
THE REIMBURSEMENT OF $15,000 FOR THE
NEGOTIATION OF THE VERIZON CABLE FRANCHISE
WHEREAS, the Town has incurred legal expenses associated with the negotiation
of the Verizon franchise and according to Section 5.1-9 of the Town Code of is entitled to
reimbursement of these expenses; and
WHEREAS, Verizon has paid a settlement fee in the amount of$15,000 to cover
remaining legal costs associated with the franchise negotiations; and
WHEREAS, all related legal expenses were incurred in Fiscal Year 2006 and the
settlement fee was paid in 2006; and
WHEREAS, Town Finance staff has determined that these funds must be
appropriated to the budget for FY 2006 instead of current FY 2007 in order to maintain
accurate financial records.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The FY 2006 Budget is hereby amended and an appropriation is
made in the amount of$15,000 for the fiscal year beginning July 1,2005 and ending June
30, 2006.
SECTION II. The Town Attorney's budget is amended in the amount of$15,000.
-2-
A RESOLUTION: APPROVING A SUPPLEMENTAL APPROPRIATION FOR
THE REIMBURSEMENT OF $15,000 FOR THE
NEGOTIATION OF THE VERIZON CABLE FRANCHISE
PASSED this 8th day of August 2006
~td,Q;~
Town of Leesburg
ATTEST:
..ut:I.tU
erk of Council
P drive: R06 sup. app. cable Verizon Legal