Sponsor
Alderman Shakoor
Title
Possible settlement with respect to litigation in the matter of Rebecca Turk
Resolved, that Racine County Case No. 11-CV-0778, Rebecca Turk, et al v City of Racine, et al is settled 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.