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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />0 <br />EM <br />RESOLUTION NO. R-29-19 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF COLTON APPROVING THE WRITE-OFF AND <br />RECONCILIATION OF UNCOLLECTIBLE ACCOUNTS <br />RECEIVABLE BALANCES FOR FISCAL YEAR ENDING <br />JUNE 30, 2019 <br />WHEREAS, the City of Colton ("City") has reviewed the accounts receivable balances; <br />WHEREAS, significant effort has been put forth to collect all accounts receivable <br />balances currently due; and <br />WHEREAS, Angelica Healthcare Services (Angelica) has filed for bankruptcy, <br />including $83,762.59 for electric charges and $911.21 for water charges due to the City; and <br />WHEREAS, Jason Gold and the City entered into a Settlement Agreement, in the <br />amount of $165,000, for charges associated with the theft of electricity, with the property at 469 <br />West K Street, Colton, California, 92324 held as collateral; and <br />WHEREAS, Jason Gold passed away after making only 3 payments of $350, and the <br />property was recently sold in foreclosure auction with proceeds only sufficient to satisfy the <br />mortgage obligation; and <br />WHEREAS, the accounts and amounts listed below are deemed uncollectible. <br />NOW, THEREFORE, the City Council of the City of Colton does hereby <br />resolve the following: <br />Authorization is given for the write-off and reconciliation of uncollectible accounts receivable <br />totaling $248,623.80 against the respective bad debt expense accounts, as follows: <br />Account 01100500 Angelica $ 83,762.59 <br />Account 01930120 Angelica $ 911.21 <br />Settlement Agreement Jason Gold (Deceased) $163,950.00 <br />Electric 520-1200-142 <br />Water 521-1200-000 <br />Electric 520-1210-142 <br />