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RESOLUTION APPROVING SETTLEMENT IN THE MATTER OF RESPECT STARTS HERE, A MEMBERSHIP ORGANIZATION, AND ERIC RINGSRED V. DULUTH ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF DULUTH, IN A TOTAL AMOUNT OF APPROXIMATELY $2,130,000.00, PURSUANT TO THE TERMS OF THE SETTLEMENT AGREEMENT.
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CITY PROPOSAL:
RESOLVED, that the city council approves settlement of the matter of Respect Starts Here, a membership organization, and Eric Ringsred v. Duluth Economic Development Authority and the City of Duluth, venued in the sixth judicial district in the state of Minnesota, court file no. 69DU-CV-18-953, pursuant to the terms and conditions of a settlement agreement substantially in the form of the attached Exhibit A.
FURTHER RESOLVED, that the proper city officials are authorized to take all actions necessary to conclude this matter on a full, final, and complete basis; payments of the amounts set forth in the settlement agreement, totaling approximately $2,130,000.00, and for which the city shall pay its portion in the amount of $1,430,000 to be made from fund no. 255 (Economic Development) according to the terms of the settlement agreement.
FURTHER RESOLVED, that pursuant to Resolution 10-0229, the city council hereby approves Resolution No. 25D-09 of the Duluth economic development authority ("DEDA") authorizing settlement of the matter of Respect Starts Here, a membership organization, and Eric Ringsred v. Duluth Economic Development Authority and the City of Duluth, venued in the sixth judicial district in the state of Minnesota, court file no. 69DU-CV-18-953, pursuant to the terms and conditions of the settlement agreement, payments of the amounts set forth in the settlement agreement totaling approximately $2,130,000.00, and for which DEDA shall pay its portion of the cost in the amount of $700,000, said sum to be payable from Fund 860, according to the terms of the settlement agreement.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorize...
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