File #: 22-240    Version: 1 Name:
Type: Resolution / Consent Agenda Status: Passed
File created: 2/28/2022 In control: City Commission
On agenda: 3/8/2022 Final action: 3/8/2022
Title: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, AUTHORIZING THE SETTLEMENT OF THE LAWSUIT BETWEEN THE CITY OF POMPANO BEACH, FLORIDA, AND HERITAGE AT POMPANO HOUSING PARTNERS, L.P.; PROVIDING AN EFFECTIVE DATE. (Fiscal Impact: $445,000.00)
Attachments: 1. Resolution, 2. Settlement Agreement Heritage.pdf, 3. BA for settlement of lawsuit between the City and Heritage at Pompano Housing Partners.pdf

title

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, AUTHORIZING THE SETTLEMENT OF THE LAWSUIT BETWEEN THE CITY OF POMPANO BEACH, FLORIDA, AND HERITAGE AT POMPANO HOUSING PARTNERS, L.P.; PROVIDING AN EFFECTIVE DATE.

(Fiscal Impact: $445,000.00)

 

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(Staff Contact: Mark E. Berman)

 

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Summary Explanation/Background:

Neither party admits liability in this matter.  This amount is to settle litigation, and avoid further expense and risk stemming from legal claims regarding requirements involving the development of the property. 

 

Origin of request for this action: Mark E. Berman, City Attorney

Fiscal impact and source of funding: $445,000.00 from Risk Management fund balance with the attached budget adjustment.

 

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