§ 27A-114. Settlement of claims.

(a)

The claims board, in its discretion, may settle claims, subject to the limitations prescribed by this section.

(b)

The claims of any one (1) claimant that arise from the same occurrence may not be settled for an aggregate amount exceeding ninety thousand dollars ($90,000.00) without the approval of the city council.

(c)

The claims board may authorize the claims adjuster(s) to settle, without the advance approval of the claims board, the claims of any one (1) claimant that arise from the same occurrence for an aggregate amount not exceeding two thousand five hundred dollars ($2,500.00).

(d)

The financial, insurance and risk manager may settle without the approval of the claims board, the claims of any one (1) claimant that arise from the same occurrence for an aggregate amount not exceeding five thousand dollars ($5,000.00).

(Ord. No. 5847, § 1(4.04), 8-23-90; Ord. No. 7348, § 6, 10-22-98)