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File #: 220395    Version: 0
Type: Resolution Status: Passed
File created: 7/12/2022 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 7/28/2022
Effective date:    
Title: Resolution reserving and appropriating up to $100,000 from the 2022 Common Council Contingent Fund to the 2022 Damages and Claims Fund Special Purpose Account.
Sponsors: THE CHAIR
Indexes: CLAIMS, CONTINGENT FUND
Attachments: 1. Cover Letter, 2. Hearing Notice List

Number

220395

Version

ORIGINAL

 

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution reserving and appropriating up to $100,000 from the 2022 Common Council Contingent Fund to the 2022 Damages and Claims Fund Special Purpose Account.

 

Analysis

This resolution reserves and appropriates $100,000 from the 2022 Common Council Contingent Fund to the Damages and Claims Fund Special Purpose Account for the purpose of meeting financial obligations related to claims and litigation brought against the City.

 

Body

Whereas, Settlements and payment of judgments to date in 2022 exceed the 2022 appropriation for the Damages and Claims Fund Special Purpose Account (SPA); and

 

Whereas, Settlements will require $79,000 and the City Attorney anticipates that additional funds will be necessary to meet the City’s financial obligations imposed by pending settlements; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that up to $100,000 from the 2022 Common Council Contingent Fund (0001-9990-C001-006300) is reserved and appropriated to the 2022 Damages & Claims Fund (0001-1490-S118-006300); and be it

 

Further Resolved, That the City Comptroller and other appropriate City officials are directed to take all actions necessary to fulfill the intent of this resolution.

 

Requestor

BMD/CA

BJR/cei

7/6/2022

CONTFUND/2022/CA Damages and Claims-2022