HomeMy WebLinkAbout2010-11-09; Municipal Water District; 20392; SETTLEMENT CMWD ADN ALLIANZ GLOBAL RISK INSURANCECITY OF CARLSBAD / CARLSBAD
MUNICIPAL WATER DISTRICT - AGENDA BILL 8
AB#
MTG.
DEPT.
20,392
11/9/2010
CA
REPORTING OUT THE SETTLEMENT
BETWEEN CITY, CMWD AND ALLIANZ
GLOBAL RISKS INSURANCE CO
DEPT. DIRECTOR
CITY ATTORNEY
CITY MANAGER (L*—
RECOMMENDED ACTION:
There is no action to be taken by the City Council or the CMWD Board of Directors.
ITEM EXPLANATION:
The parties have now settled this issue under the authority given to the City Attorney by the City
Council and CMWD Board of Directors at its closed session of September 14, 2010. This item
satisfies the Brown Act requirement to report the fact of a settlement approved in a prior closed
session and makes the terms and conditions of the settlement available to the public.
FISCAL IMPACT:
The total amount of the settlement paid by Allianz is $4 million.
ENVIRONMENTAL IMPACT:
Reporting out the fact of Settlement is not a "project" within the meaning of CEQA and therefore
environmental review is not required pursuant to CEQA Regulation 15061(b)(3).
EXHIBITS:
1. Settlement and Release Agreement on file with the City Clerk.
DEPARTMENT CONTACT: Ronald R. Ball 760-434-2891 ron.ball@carlsbadca.gov
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION: APPROVED
DENIED
CONTINUED
WITHDRAWN
AMENDED
D
D
D
D
D
CONTINUED TO DATE SPECIFIC D
CONTINUED TO DATE UNKNOWN D
RETURNED TO STAFF D
OTHER -SEE MINUTES ft"
rnnNCTT. AND ROARD RECEIVED THE REPORT