powered help
header-left header-center header-right
Share to Facebook Share to Twitter Bookmark and Share
File #: 181519    Version: 0
Type: Resolution Status: Passed
File created: 1/14/2019 In control: COMMON COUNCIL
On agenda: Final action: 2/5/2019
Effective date:    
Title: Resolution authorizing payment on a portion of the judgment entered against the City in City Wide Investments, LLC v. City of Milwaukee, Adv. No. 17-02115 in the amount of $100,808.30
Sponsors: THE CHAIR
Indexes: SUITS PAYMENT
Attachments: 1. City Attorney Letter, 2. Fiscal Impact Statement

Number

181519

Version

ORIGINAL

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution authorizing payment on a portion of the judgment entered against the City in City Wide Investments, LLC v. City of Milwaukee, Adv. No. 17-02115 in the amount of $100,808.30

 

Analysis

This Resolution authorizes payment on a portion of the judgment entered against the City in City Wide Investments, LLC v. City of Milwaukee, Adv. No. 17-02115 in the amount of $100,808.30.

 

Body

Whereas, the Bankruptcy Court for the Eastern District of Wisconsin has entered a judgment against the City of Milwaukee in the amount of $280,894.56 in City Wide Investments, LLC v. City of Milwaukee, Adv. No. 17-02115; and

 

Whereas, the Bankruptcy Court further ordered a portion of that payment, $100,808.30, be paid prior to the resolution of the City’s appeal of the same judgment; and

 

Whereas, The City Attorney recommends and the Common Council of the City of Milwaukee deems it appropriate to pay the initial amount of the judgment ordered by the Bankruptcy Court immediately; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee that the proper City officials be and are hereby authorized and directed to issue a City check in the amount of $100,808.30 payable to City Wide Investments, LLC as payment on a portion of the debt owed on the judgment entered against the City in City Wide Investments, LLC v. City of Milwaukee, Adv. No. 17-02115, said amount to be charged to the Damages and Claims Fund, Account No. 636505, Fund No. 0001, Organization No. 1490, Program No. 2632, Sub Class No. S118.

 

Requestor

City Attorney

Drafter

GPK:cdr

January 14, 2019

 

1060-2017-996.002/256114