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HomeMy WebLinkAboutR-90-07803-90-878 10/5/90 RESOLUTION NO. 9 0- 780 A RESOLUTIONt WITH ATTACHMENT, AUTHORIZING THE DIRECTOR OF FINANCE TO PAY AT&T COMMUNICATIONS OF THE SOUTHERN STATES, INC., WITHOUT ADMISSION OF LIABILITY, THE SUM OF $1,296,000.00, PAYABLE IN 36 EQUAL MONTHLY PAYMENTS OF $36,000.00EACH, BEGINNING IN JANUARY OF 1991, IN FULL AND COMPLETE SETTLEMENT OF ANY AND ALL CLAIMS AND DEMANDS AGAINST THE CITY OF MIAMI, UPON THE EXECUTION OF A SETTLEMENT AGREEMENT RELEASING THE CITY OF MIAMI FROM ANY AND ALL CLAIMS AND DEMANDS; AUTHORIZING THE CITY MANAGER TO EXECUTE THE SETTLEMENT AGREEMENT, IN SUBSTANTIALLY THE 'ATTACHED FORM, ON`BEHALF OF THE CITY OF MIAMI WITH FUNDING OF SAID PAYMENTS TO BE DEDUCTED FROM ANTICIPATED FUTURE REVENUES OF PUBLIC SERVICE TAXES DUE FROM AT&T COMMUNICATIONS OF THE SOUTHERN STATES, INC. WHEREAS, the City of Miami was sued in 1989 by AT&T Communications of the Southern States, Inc., in the Circuit Court of Dade County, Florida, Case No. 89-51200 CA (04), alleging an overpayment of Public Service Taxes due under Chapter 55'of"the " City of Miami Code; and WHEREAS, the above lawsuit has been investigated by the City Attorney's Office, the City Manager's Office, the Budget Department, the Finance Department and the.Department of Internal Audits, and said offices and departments recommend that this lawsuit- be settled for the sum of $1,2961,000.008, upon the conditions as set forth in the attached Settlement Agreement; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings set forth in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. �t 6- >� �5± t M1779/WB/sls tE X , 1 no t" ey-F ,+ i f K�{moo son } t � j k �. T.ot[rv..�._ i .: ..... .. _ .. .. .. ..... .a,..- _ Ar .r�_Y�t�.u._}. AOREEMENTr dated this day of , 1990, by and between AT&T Communications of the Southern States, Inc, (hereinafter referred to as "AT&T") and the City of Miami, Florida (the "City"), as follows: WHEREAS, the parties to this Settlement Agreement are parties in a civil action styled AT&T Communications of the Southern States, Inc. v. City of Miami, Case No. 89-51200 CA (04), currently pending before the Florida Circuit Court of the Eleventh Judicial Circuit (the "Civil Action"); and WHEREAS, the parties hereto wish and are mutually willing to enter into this Settlement Agreement for the purpose of settling the differences between them in the Civil Action and all claims therein, in order to avoid the further risk, inconvenience and expenses associated with their respective prosecution and defense of the Civil Action; .NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 1. Payment by the City. In total satisfaction of all claims asserted or that could be asserted by 'AT&T in the Civil Action, the City hereby agrees to pay to AT&T over time, the sum SETTLEMENT AGREEMENT 9 Q Page 1 of 5 K sii k�tm; � 1 of one Million Two Hundred Ninety-giX Thousand and "No/100 Dollars ($11296tOOt).00)t to be paid in 36 equal monthly payments of ($36t000.00) to begin January 1991 and to end 'December 1993, 2� Most Favored Gity Status. In the event that AT&T should agreet after the date of this Settlement Agreement# to accept payment from any other Florida municipality of an amount which is a smaller percentage than the percentage of AT&T's claim in the above -referenced Civil Action accepted from the City, then AT&T agrees to refund to the Cityt at the time of its acceptance of such smaller percentage payment, the amount of money necessary to render the two percentages to be the same. "Percentage" for the purposes of this paragraph shall be a fraction, the numerator of which shall be the amount of the payment accepted by AT&T and the denominator of which shall be the total amount of the overpayment claim (excluding interest, costs, or fees) asserted by AT&T on grounds similar or related to those asserted in the above -referenced Civil Action. In the case of a subsequent payment or payments to be made over a period of time, the applicable percentages shall be determined at present value, employing a discount rate of eight and one-half percent -(8'1/2$) The adjustment provided for by this paragraph shall not apply to any amounts awarded by judgment or in the event of :any final determination of entitlement or lack of entitlement on the part of AT&T in any judicial proceeding or as a result of: an `.audit contemplated hereinafter. 90- . 78Q SETTLEMENT AGREEMENT Page 2 of 5 11111 WIN H *?r x a i 36 kud t The City reserves the right, within the time permitted by law and at its own expense, to audit AT&T's public service tag returns and suppOtting documentation for the period covered by the Civil Action and assess against AT&T any amounts determined to be due as a result of such audit. Neither this paragraph nor this Settlement Agreement shall be construed or deemed to be a limitation upon or waiver of that right or any right the City may have to inspect accounts and records required to be kept under City of Miami Code, Section 55-16. 4. Dismissal of the Civil Action. Upon execution of this _ Settlement Agreement by AT&T and the City, the parties will cause to be filed with the Circuit Court a Stipulation of Dismissal of the Civil Action, on the merits and with prejudice. 5. Entire Agreement. This Settlement Agreement con- stitutes the entire agreement of the parties. This Settlement Agreement may not be modified or amended or any term or provision hereof waived or discharged except in writing signed by the party against whom such amendment, modification, waiver or discharge is sought to be enforced. 6. Assignability. Neither of the parties hereto may transfer, assign or otherwise alienate any of its obligations under this Settlement Agreement except upon the express written consent of the other party. Neither of the parties to this Settlement Agreement may transfer, assign or otherwise alienate 94- 780 SETTLEMENT AGREEMENT Page 3 of 5 � rs TY 3 M jjdS ky{q is* 1 aS All vl'i. yam. f .zs fit".t� r ,r k the rights conferred upon it by virtue of this Settlement At��een�ent. pull ftwer_ and___Authority. Each of the parties to this Settlement Agreement hereby warrants and covenants that it has full right and authority to dispose of all claims asserted in the s, - Civil Action# and that it has not previously transferred, assigned or otherwise alienated any of such rights. Each of the parties hereby warrants and covenants that the person or persons executing this Settlement Agreement on its behalf is duly authorized and empowered to do so. B. Counterparts. This Settlement Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 9. Governing Law. This Settlement Agreement shall be SETTLEMENT AGREEMENT Page 4 of 5 9 0 interpreted and enforced in accordance with the laws of the State of Florida. F, IN WITNESS WHEREOF, the parties to this Settlement Agreement have set their hands and ' first hereinabove written. !Y f -t� ATTEST: MATTY HIRAI, AS CITY CLERK (SEAL) seals hereto as of the day and date THIS INSTRUMENT IS EXECUTED PURSUANT TO RESOLUTION NO. PASSED AND ADOPTED THE DAY OF 1990. This Instrument Jointly Prepared By: AT&T and Law Department, CITY OF MIAMI, FLORIDA of the City Commission SUBJECT: Resolution Authorizing YI Settlement with AT&T Case No. 80 51200 CA (0 4) Jo a `D. F rnandez Fi�OM : � REFEpENCEB Ci y Attci ey City Commission Agenda ENCLOSUAEs : October 18, 1990 Attached is a proposed Resolution authorizing the Director of Finance to pay AT&T Communications of the Southern States, Inc., without admission of liability, the sum of $1,296,000.00 in 36 equal monthly payments of $36,000.00, beginning January of 1991, in full and complete settlement of any and all claims and demands against the City of Miami, upon the execution of the Settlement Agreement, releasing the City of Miami from any and all claims and demands. AT&T has. alleged that it overpaid the City of Miami $1,602,510.00 from June 1987 to May of 1988, after the City of Miami Department of Internal Audits, initiated an audit'and brought this to AT&T's attention. This office has been litigating this claim with AT&T since November of 1989, and has raised all applicable defenses. While the -liability of the City of Miami is not absolute and there is a possibility of the City of Miami prevailing in the litigation, the chance of success, in our view, is not by any means clear. As of this date, if AT&T were to be awarded a non - appealable final judgment, it would be entitled to pre -judgment interest running from the time of payment at 12%, which would be approximately $390,000.00, in addition to its principal claim of $11602,000.00. Consequently, principal plus interest now amounts to approximately $2,000,000.00. If the City of Miami were to continue litigating this case, no doubt it would continue on for the next two or three years through appeals, etc., and the possible liability of the City of Miami could well approach $2,500,000.00or more. The settlement for which we are requesting your approval consists of a payment of approximately 6 4.8% of the principal and accrued pre -judgment interest, assuming that the total amount of $1,296,000.00 were paid today. Of course, under the terms of this Settlement Agreement, the payments are extended out over 36 months (3 years)- beginning in January of 1991, thus substantially mitigating the drastic impact of the claim payment upon the City budget. Please note that the City of Orlando also settled with AT&T and paid approximately 62.4% of principal, but did so in one lump sum payment of exactly $1,3008000.00, which was paid on May 1, 1990. For the reasons.herein expressed, this office recommends that this claim be settled on the terms specified above. WB/sls/P524 et P '7R if t' i�Mr�''""?aaJ li"ImEm- s .r Y