Number
220804
Version
ORIGINAL
Reference
Sponsor
ALD. BORKOWSKI
Title
Resolution reserving and appropriating up to $1,533,000 from the 2022 Common Council Contingent Fund to the 2022 Damages and Claims Fund Special Purpose Account.
Analysis
This resolution reserves and appropriates $1,533,000 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 $1,470,000 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 $1,533,000 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
9/20/2022
CONTFUND/2022/CA Damages and Claims-9-20-22