Number
090914
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing payment of a judgment for costs in City of Milwaukee v. NL Industries, et al.
Analysis
This resolution authorizes payment of a judgment for costs in City of Milwaukee v. NL Industries, et al., in the total amount of $38,346.77.
Body
Whereas, The defendants in the above-referenced action (Circuit Court Case No. 01-CV-003066), through local counsel, Peterson, Johnson & Murray, S.C., obtained a judgment for costs against the City of Milwaukee on January 8, 2008, in the amount of $31,114.16 as a result of the lead-based paint litigation that the City of Milwaukee brought against a number of defendants; and
Whereas, Interest on this judgment is and has been accruing at the rate of $10.23 per day; and
Whereas, The City Attorney recommends and the Common Council of the City of Milwaukee deems it expeditious and just to pay this judgment on approximately December 15, 2009 so that no more interest will accrue; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper city officers be and hereby are authorized and directed to issue a check in the amount of $38,346.77, payable to Peterson, Johnson & Murray, S.C.-Trust Account in full and final settlement of said judgment, said check to be delivered to the City Attorney upon his request, said amount to be charged to the Damages and Claims Fund, Account No. 636505, Fund No. 0001, Organization No. 1490, Program No. 2631, Sub Class No. S118; and, be it
Further Resolved, That the law firm of Peterson, Johnson & Murray, S.C., shall upon payment provide to the City of Milwaukee a Satisfaction of Judgment.
Requestor
City Attorney
Drafter
Rudolph M. Konrad
RMK:lmb
10/29/2009
151448