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HomeMy WebLinkAboutResolution 2705r~ ~~ •~ A Resolution No X270 AUTHORIZING SETTLEMENT OF LITIGATION STYLED CITY OF FORT WORTH VS. COLLINS AND DEAN, CAUSE NO 141 182361 00 AND LITIGATION STYLED COLLINS AND DEAN VS. CITY OF FORT WORTH AND EMPLOYEE RETIREMENT FUND OF CITY OF FORT WORTH, CAUSE NO 141 181434-00 WHEREAS, the City of Fort Worth (the City") is a party m litigation styled City Of Fort Worth Vs Collins And Dean and litigation styled Collins And Dean Vs City Of Fort Worth And Employee Retirement Fund Of City Of Fort Worth and WHEREAS, The City desires to settle said litigation due to the inherent risks of loss involved from both present and potential litigation and WHEREAS, in order for settlement to occur staff of the City must determine the terms necessary for settlement and prepare appropriate documents NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT 1 City staff determine the terms necessary for settlement of litigation styled City Of Fort Worth Vs Collins And Dean and litigation styled Collins And Dean Vs City Of Fort Worth And Employee Retirement Fund Of City Of Fort Worth and 2 City staff prepare all documents necessary for settlement of litigation styled City Of Fort Worth Vs Collins And Dean and litigation styled Collins And Dean Vs City Of Fort Worth And Employee Retirement Fund Of City Of Fort Worth and 3 City staff present settlement documents to City Council as soon as possible and to make weekly progress reports in the interim ADOPTED this `~J~day of January 2001 BY Kenneth Barr Mayor Crty of Fort Worth APPROVED AS TO FORM. B ~o%~-~Y G~~ Y David Yett City Attorney APPROVED CITY Cd~NCii~ JAN 30 2001 ~y~ ~aearr at uee ~~~~ ~i ~~~"~ ~~~