Title
Subject: (Direct Referral) Communication from the City Attorney requesting to meet in closed session per Wis. Stat. §19.85(g) concerning strategy and/or possible settlement with respect to litigation in the matter of Rebecca Turk, et al v City of Racine, et al, Racine County Case No. 11-CV-0778. (Res. 12-2960)
Recommendation of the Finance & Personnel Committee on 2-13-12: Recommend that Racine County Case No. 11-CV-0778, Rebecca Turk, et al v City of Racine, et al be settled in for $220,000 on the condition that CVMIC, our insurer, also approve the settlement,and that $40,000 be transferred from account 101.990.5970, Contingency, to account 101.990.5910, Judgments and Claims.
Fiscal Note: The $220,000 settlement will be paid by the City and our insurer, CVMIC. The City's deductible in this case is $175,000 with CVMIC funding the remaining $45,000. Account 101.990.5910, Judgments and Claims currently has a remaining available balance of $136,789 of the original 2012 appropriation of $150,000. There are sufficient funds available in account 101.990.5970, Contingency, to be transferred to account 101.990.5910, Judgments and Claims, to fully fund the City's portion of the settlement.