HomeMy WebLinkAboutMINUTES - 12201988 - 1.25 TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: December 20, 1988
SUBJECT: Million Air Delinquent Payment Plan
Specific Request(s) or Recommendation(s) & Background &
Justification
RECOMMENDED ACTION:
APPROVE delinquent payment plan for Million Air commencing
October 1, 1988 . Payment to be made at the rate of $500 per month
for October 1988 through February 1989 and $5,900 per month for
March through June 1989 . Interest will be charged in the amount
of 1 .5% per month on the unpaid balance.
FINANCIAL IMPACT:
This payment will enable Million Air to make . payments on the
delinquent rent and concession in the amount of $26,029 . 94 .
REASONS FOR RECOMMENDATION/BACKGROUND:
Million Air submitted a written proposal dated October 21, 1988
stating that they will pay their monthly obligations with an
additional minimum $500 monthly payment being made until late
January or early February 1989 . They also state that between
January or February and June 1989, Million Air will become current
in its financial obligations to the County. To bring Million Air
current, the payments beginning in March 1989 must be $5, 900 per
month. They will also be required to pay 1 .5% interest per month
on the unpaid balance.
Cont'd on attachment: yes Signature:
Recommendation of County Administrator
Recommendation of Board Committee
Approve Other:
Sicmature(s) :
Action of Board on: DEC 201988
Approved as Recommended>_ Other
Vote of Supervisors: I HEREBY CERTIFY THAT THIS IS
A TRUE AND CORRECT COPY OF AN
X Unanimous (Absent ) ACTION TAKEN AND ENTERED ON THE
Ayes: Noes: MINUTES OF THE BOARD OF
Absent: Abstain: SUPERVISORS ON DATE SHOWN.
Orig. Div. Public Works - AP Attested DEC 201988
cc: County Administrator Phil Batchelor, Clerk of the
Auditor/Control ler Board of Supervisors
Million Air and County Administrator
Public Works Accounting
By �..�
Deputy Clerk
HEW:dg
milair.bo