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City of San IVlarcos <br />Fiscal Year 2002~2003 <br />Budget Amendment <br /> <br />Approved by Ordinance No. <br /> <br />241. <br /> <br />Exhibit 1 <br /> <br />Fund <br /> <br />Account Name <br /> <br />Current <br />Bud.qet/Balance <br /> <br />Affect of this <br /> Action <br /> <br />Amended <br />Budget/Balance <br /> <br />General Fund <br />100.000.35100 <br />100.190.52231 <br /> <br />Fund Balance <br /> <br />Litigation Related Costs <br /> <br />$ 6,115,445 <br /> <br /> 0 <br /> <br />$<15,000> <br /> <br /> 15,000 <br /> <br />$6,100,445 <br /> <br /> 15,000 <br /> <br />Description: <br /> <br />The $15,000 relates to a settlement agreement for a suit involving a contract dispute between Burkett Transit <br />Advertising and the City of San Marcos. Under the settlement agreement, the City will pay $25,000 to Burkett in <br />exchange for removal of all of the signs and benches within 30 days. The City's insurer, the Texas Municipal League <br />Intergovernmental Risk Pool, will contribute $10,000 towards the settlement. <br /> <br /> <br />