city of tacoma
File #: 16-0920    Version: 1 Name: RES - Write-off of TRMW Uncollectable Debt
Type: Action Item Status: Adopted
File created: 9/23/2016 In control: City Council
On agenda: 10/4/2016 Final action: 10/4/2016
Title: The following motion may be considered: Upon recommendation of the City Manager, and pursuant to Section 1.06.226 of the Tacoma Municipal Code, I move to authorize the Finance Department to cancel and write-off all rent, associated fees, and related costs, in the amount of $89,057.81, as uncollectable lease debt in connection with two Lease Agreements between the Tacoma Rail Mountain Division and Global Locomotive, LLC, Sygnet Rail Technologies, LLC, and Sygnet LLC, for its Western Junction Facility.

Title

The following motion may be considered:

 

Upon recommendation of the City Manager, and pursuant to Section 1.06.226 of the Tacoma Municipal Code, I move to authorize the Finance Department to cancel and write-off all rent, associated fees, and related costs, in the amount of

$89,057.81, as uncollectable lease debt in connection with two Lease Agreements between the Tacoma Rail Mountain Division and Global Locomotive, LLC,

Sygnet Rail Technologies, LLC, and Sygnet LLC, for its Western Junction Facility.