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HomeMy WebLinkAbout213-08 RESOLUTIONRESOLUTION NO.213-08 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE WATER AND SEWER FUND IN THE AMOUNT OF $173,528.20 FOR A FULL RELEASE AND SATISFACTION OF JUDGMENT IN ROMINE CASE. WHEREAS, a jury rendered a verdict against the City of Fayetteville for inverse condemnation in the Romine case in the amount of $176,011.00; and WHEREAS, Court costs in the amount of $446.40 are also assessable against the City for this case; and WHEREAS, this amount should be offset in the amount of $2,929.20 for the appeal costs awarded to the City for its successful appeal on the civil rights violation claim; and WHEREAS, Plaintiff Romine has agreed not to appeal the City's judgments on negligence, bad faith, battery, assault, civil rights or the tort of outrage and to sign a Release of any and all possible claims in exchange for payment of $173,528,20 and the City's release of any possible claims against Ms. Romme. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City of Fayetteville hereby agrees to a budget adjustment of $173,528.20 from the Water and Sewer Fund and the payment of this amount for a full mutual release of any possible claim and in full satisfaction of Ms. Romine's judgment and authorizes the mayor to sign a mutual release and satisfaction of the City's Judgment against Ms. Romine. PASSED and APPROVED this 6th day of November, 2008. APPROVED: By: DAN COODY, Mayor ATTEST: ‘‘‘11 TR,141,,,. $-\.• .^N -\TY Ot.G'. U• ••1 �\} _ ° FAYETTEVILLE' 3 BY g or8/L av � Y Aj kAN`.• •,),s SONDRA E. SMITH, City Clerk/Treasurer "'G SON '��.` L City of Fayetteville, Arkansas Budget Adjustment Form 213-O Budget Year 2008 Department: Operations Division: Water & Wastewater Director Program: Water & Wastewater Director Date Requested 11/7/2008 Adjustment Number Project or Item Added/Increased: $173,529 is requested in the Settlements Account. Project or Item Deleted/Reduced: $173,529 from Use of Fund Balance. Justification of this Increase: Legal settlement reached between Romine vs City of Fayetteville - Washington County Circuit Court Case No. CV 05-1221-4. Justification of this Decrease: Sufficient funds remain to comply with city policies. Account Name Settlements Account Name Use of Fund Balance Increase Budget Account Number Amount Project Number 5400 1800 5311 09 173,529 Decrease Budget Account Number Amount Project Number 5400 0940 4999 99 173,529 Approval Signatures Requested By Date Budd t hector • Date Department Di ector D 47o..aX a - Fin )hector a or 11--i—di Dpte Date Budget & Research Use Only Type: A B C General Ledger Date Approval Date Posted to General Ledger Posted to Project Accounting Initial Date Initial Date Initial Date i Clarice Pearman - Res. 213-08 From: To: Date: Subject: CC: Attachments: Clarice Pearman Williams, Kit 11.13.08 3:37 PM Res. 213-08 Audit Audit • Page 1 of 1 Kit: This is just a confirmation that you have received the a copy of the above resolution passed by City Council regarding the Romine judgment. Please let me know if there is anything else needed for this item. Have a good day. Thanks. Clarice file://C:\Documents%20and%20Settings\cpearman.000\Local%20Settings\Temp\XPgrpwise\491 C49B0F... 11.13.08