1968 MAY 21 CC MINE1 Segundo, California
May 21, 1963
A Special Meeting of the City Council of the City of E1 Segundo,
California, was held in the Council Chamber of the City Hall of said City
on the above date. Prior to calling the meeting to order, those present
joined in pledging allegiance to the Flag of the United States of America.
The City Clerk reported that a copy of the Notice of Special Meeting of
the City Council of the City of E1 Segundo, California, had been posted
and given as required by law and that affidavit of said posting was on file.
The meeting was called to order by Floyd Carr, Jr. , Mayor, the
hour being 7 :30 o'clock p.m.
ROLL CALL
Councilmen Present: Balmer, Frederick, Nagel, Stephens and
Mayor Carr;
Councilmen Absent: None.
Mayor Carr stated the Special Meeting had been called for the
purpose of discussion regarding Experimental Specialties vs. City of
E1 Segundo, and that the Council would recess to his office for Executive
Session for such discussion.
At the hour of 8: 00 o'clock p. m. , the Council reconvened, all
members being present.
21.8.3
Motion was made by Councilman Frederick, seconded by Council-
man Balmer that the City Special Counsel, Carl Becker of Dryden, Harrington
and Swartz be authorized to make an offer to settle that certain litigation now
pending in the Superior Court of the State of California for the County of
Los Angeles, entitled Experimental Specialties vs. City of E1 Segundo for
the aggregate sum of $102, 200. 00, plus interest on the sum of $59, 500. 00
at the rate of 7% per annum from February 8, 1962, payable as follows:
The sum of $59, 500. 00, plus interest at the rate of 7% per annum from
February 8, 1962, to Plaintiff Experimental Specialties Co. and the sum
of $42, 700. 00 to Plaintiff Howard Smith.
Motion carried by the following vote:
Ayes: Councilmen Balmer, Frederick, Nagel, Stephens and
Mayor Carr;
Noes: Councilmen None;
Absent: Councilmen None.
No other business to come before the Council at this meeting, it was
moved by Councilman Nagel, seconded by Councilman Stephens, the meeting
adjourn, the hour of adjournment being 8 :05 o'clock p. m. Motion carried.
APPROVED:
Mayor
-1-
Respectfully submitted,
umce U. Creason, City Clerk