Number
231373
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing a structured settlement agreement related to Milwaukee County Court Case No. 22-CV-3366, Midwest Fiber, LLC v. City of Milwaukee.
Analysis
This resolution authorizes settlement of Milwaukee County Court Case No. 22-CV-3366, Midwest Fiber LLC v. City of Milwaukee, for a total of $325,000, to be made by offsetting credits against future licensing fees incurred by Midwest Fiber, LLC, arising under a conduit lease agreement.
Body
Whereas, Plaintiff, Midwest Fiber, LLC, has filed a civil lawsuit against the City of Milwaukee alleging damages for negligence and breach of contract;
Whereas, counsel for the parties have reached an agreement to settle the above-referenced lawsuit for a total amount of $325,000.00, subject to approval by the Common Council; and
Whereas, the City Attorney recommends and the Common Council of the City of Milwaukee deems it expeditious and just to settle this lawsuit; 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 apply a total of $325,000.00 in offset credits to account against future licensing fees incurred by Midwest Fiber, LLC, over a period of five years as more fully described herein: $100,000.00 to be applied against 2024 licensing fees; $56,250.00 to be applied against 2025, 2026, 2027 and 2028 licensing fees respectively; and so be it
Further Resolved, That in compliance with the City Attorney’s direction, the proper City officers be and hereby are authorized and directed to charge the Damages and Claims Fund, Account No. 0001-1490-S118-006300, in the amount of $325,000.00 to be held to offset future conduit licensing fee invoices to Midwest Fiber, LLC, for conduit licensing fees, in full and final settlement of all claims as outlined in the above-referenced action, and so be it
Further Resolved, That for and in consi...
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