HomeMy WebLinkAboutR-25-0444City of Miami
Resolution R-25-0444
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18328 Final Action Date: 10/23/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
PARTIAL SETTLEMENT OF INSURANCE CLAIMS AGAINST CONTINENTAL
CASUALTY COMPANY AND NATIONAL INDEMNITY COMPANY OF OMAHA
IN THE AMOUNT OF $4,150,000.00, WITH FUNDS TO BE APPROPRIATED
AND ALLOCATED BY FUTURE RESOLUTION, IN PARTIAL SETTLEMENT OF
THE CLAIMS AND DEMANDS OF THE CITY OF MIAMI; FURTHER
AUTHORIZING THE CITY MANAGER TO EXECUTE A LIMITED RELEASE OF
CLAIMS AND DEMANDS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY.
WHEREAS, the City of Miami ("City") maintained certain actual or alleged insurance
policies with Continental Casualty Company and with National Indemnity Company of Omaha
(collectively "Insurers") which the City has asserted included coverage for environmental costs
incurred to City -owned property; and
WHEREAS, the City has reached a tentative agreement to resolve a portion of the
claims of the City, which included coverage for environmental costs incurred to City -owned
property, in exchange for a payment by Insurers of $4,150,000.00, which funds are to be
appropriated and allocated by future legislation, and a limited release; and
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. The City Manager is authorized' to accept the settlement offer.
Section 3. The City Manager is authorized to execute a limited release, in a form
acceptable to the City Attorney.
Section 4. Funds received pursuant to the partial settlement agreement to be
appropriated and allocated by future legislation.
Section 4. This Resolution shall become effective immediately upon its adoption.
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
City of Miami Page 1 of 2 File ID: 18328 (Revision:) Printed On: 11/25/2025
File ID: 18328 Enactment Number: R-25-0444
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y tor -y 10/14/2025
City of Miami Page 2 of 2 File ID: 18328 (Revision:) Printed on: 11/25/2025