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2012-080-1675 - Approval of a Legal Settlement  1515  NW  167  Street, Building  5  Suite  200    Miami  Gardens, Florida  33169    City of Miami Gardens Agenda Cover Memo Council Meeting Date: J une 27, 2012 Item Type: (Enter X in box) Resolution Ordinance Other X Fiscal Impact: (Enter X in box) Yes No Ordinance Reading:(Enter X in box) 1 st Reading 2 nd Reading X Public Hearing:(Enter X in box) Yes No Yes No X Funding Source: CDBG Fund Advertising Requirement:(Enter X in box) Yes No X Contract/P.O. Required: (Enter X in box) Yes No RFP/RFQ/Bid #:N/A X Strategic Plan Related (Enter X in box) Yes No Strategic Plan Priority Area: Enhance Organizational Bus. & Economic Dev Public Safety Quality of Education Qual. of Life & City Image Communication Strategic Plan Obj./Strategy: (list the specific objective/strategy this item will address) N/A X Sponsor Name Sonja K. Dickens, Esq.,City Attorney Department:Office of the City Attorney  Short  Title:  A RESOLUTION OF THE CITY COUNCI L OF THE CITY OF MIAMI GARDENS, FLORIDA, AUTHORIZING THE APPROVAL OF A SETTLEME NT IN THE AMOUNT OF EIGHTY-FIVE THOUSAND DOLLARS ($85,000.00) IN THE LITIGA TION MATTER OF THE GUARANTEE COMPANY OF NORTH AMER ICA VS. CITY OF MIAMI GARDENS; AUTHORIZING THE CITY MA NAGER AND THE CITY ATTO RNEY TO TAKE ANY AND ALL STEPS NECESSARY TO FINALIZE THE SETTLEMENT; PROVIDING FOR THE ADOPTION OF REPRESENTATIONS; PR OVIDING FOR AN EFFECTIVE DATE.  Staff  Summary:  The Guarantee Company of North America, a surety company, filed a lawsuit against the City alleging equitable subrogation, breach of contract and common law indemnification, all of which arose out of a construction contract betw een the City and Solo Construction Company. ITEM K-1) CONSENT AGENDA RESOLUTION Litigation Settlement   1515  NW  167  Street, Building  5  Suite  200    Miami  Gardens, Florida  33169    Although the City denies the all egations asserted by Guarantee, t here is no certainty that the City will prevail. In light of t hese facts, the City Attorney recomm ends settling this matter in the amount of $85,000.00 to limit the City’s poten tial exposure. Proposed  Action:  That the City Council approve the attached Resolution.  Attachment:  None