Bill Type and
Number: Ordinance 2007-222
Sponsor: Council President at the Request of the Mayor
Date of
Introduction: February 27, 2007
Committee(s)
of Reference: F
Date of
Analysis: March 1, 2007
Type of
Action: Settlement Approval
Bill Summary: This bill approves the settlement between the
City and THS Investments, Inc., relative to a Cleveland Ash Site remediation
costs claim. The Office of General
Counsel is authorized to execute necessary documents.
Background
Information: The settlement requires no appropriation as
funds are available for this purpose in the Better Jacksonville Plan
Environmental Cleanup accounts. Under
the terms of the settlement, the City will pay THS Investments $120,000; THS Investments
will execute a release agreement; and, the parties will each bear their own
costs and attorney’s fees, splitting the cost of mediation. THS Investments paid for incinerator ash
remediation on property adjacent to the 5th and Cleveland Ash Site
in order to continue with its building program and avoid delay costs. The City was responsible for site
remediation, and THS Investments has made claim to recover its costs.
Policy Impact
Area: Settlements
Fiscal Impact: Undetermined; the City will pay $120,000 in
settlement of the claims
Analyst: