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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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