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HomeMy WebLinkAboutR-74-0017MR/f1 1/3/14 RESOLUTION NO. 7 ' /7 A RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO ACCEPT THE SUM OF $60,000.00 IN FULL AND COMPLETE SETTLEMENT IN THE CLAIM OF THE CITY OF MIAMI VS. KONONOFF, SMITH, FAY, SPOFFORD & THORNDIKE, AND AUTHORIZING THE CITY MANAGER AND THE CITY CLERK TO EXECUTE A RELEASE RELEASING THE SAID DEFENDANTS FROM ANY FURTHER CLAIMS AND DEMANDS ARISING OUT OF THE DAMAGES TO THE CITY OF MIAMI COMPLAINED OF HEREIN. WHEREAS, a cause of action was filed in 1964 by the City of Miami versus Smith, Kononoff, Fay, Spofford & Thorn - dike due to architectural design negligence in the Coconut Grove Incinerator; and WHEREAS, due to the excellent efforts of Building Depart- ment Director, Robert Ferencik, it was determined that the City's out-of-pocket expenses in this matter amounted to $57,250.72; and WHEREAS, an offer of settlement in the amount of $60,000.00 has been made to the City of Miami and the City Attorney of the City of Miami has advised that it is in the best interest of the City of Miami to accept said offer of $60,000.00 in full and complete settlement of the above claim; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MMAMI, FLORIDA: Section 1. That the Director of Finance is hereby authorized and directed to accept the sum of $60,000.00 in full and complete settlement of the claim of the City of Miami CITY COM "DOCUMENT INDEX t�EET;.1t}',: ITE(b1 NO, '71 " I RESOLUTION 110.1,4° RE MARliS• versus Smith, Kononoff, Fay, Spofford and Thorndike, and authorizing the City Manager and the City Clerk of the City of Miami to execute a release releasing the Defendants from any and all claims and demands arising out of the damages to the City of Miami in the above matter. PASSED AND ADOPTED this_r40L__day of.ri. REPARED AN AP OVED BY: MO tague Rosenberg, Assistant City Attorn APPROVED AS TO FORM AND CORRECTNESS: John S. Lloyd, City Attorney y "SUPPORTIVE DOCUMENTS FOLLOW" 1974.