Number
150700
Version
SUBSTITUTE 2
Reference
141677, 141889, 150060, 150061, 150071, 150422, 150649, 150745
Sponsor
THE CHAIR
Title
Substitute resolution reserving and appropriating up to $385,000 from the 2015 Common Council Contingent Fund to the 2015 Damages & Claims Fund Special Purpose Account.
Analysis
This resolution reserves and appropriates $385,000 from the 2015 Common Council Contingent Fund for the purpose of meeting financial obligations related to claims and litigation brought against the City.
Body
Whereas, Exposure of the City to claims, costs and other unanticipated litigation expenditures has increased significantly over the last 2 years as a result of settlements and payments arising from law enforcement activities associated with stop-and-search incidents and to other matters in litigation including tax assessment appeals; and
Whereas, Settlements and payment of judgments in 2015 to date, and in matters recently before the Common Council, including the Carter, Tracy, Ott and Hardy litigation (Common Council Resolution File Numbers 141677, 150061, 141889 and 150060, respectively), have required expenditures in excess of $8.1 million from the Damages & Claims Fund Special Purpose Account (SPA); and
Whereas, The Common Council Contingent Fund Resolution in File Number 150071 authorized an appropriation of up to $250,000 to the 2015 Damages & Claims SPA for the purpose of meeting obligations accruing prior to the end of September, 2015, which has now been expended; and
Whereas, Small claims settlement exposure continues at a high rate in 2015 with over $423,000 paid in the first 6 months of 2015 (Common Council File Number 150422), more than $200,000 in approved claims currently pending, and projected additional claims requiring up to $200,000 payable before December 31, 2015; and
Whereas, Two resolution files are currently pending settlement approval by the Common Council for a total amount of $87,500 in the Flint and Wright l...
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