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2005-025 Lawsuit Settlement Policy RevisionRESOLUTION 25-2005 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, SETTING FORTH A POLICY FOR SETTLING LAWSUITS WHEREIN THE VILLAGE OF NORTH PALM BEACH IS A DEFENDANT; PROVIDING FOR THE TYPE AND AMOUNTS OF SETTLEMENT REQUIRING APPROVAL BY THE VILLAGE COUNCIL; REPEALING RESOLUTION 39-2003 OF THE VILLAGE; AND, PROVIDING FOR AN EFFECTIVE DATE. BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA: Section 1. The Village Council of the Village of North Palm Beach, Florida, does hereby set forth a policy that in lawsuits wherein the Village of North Palm Beach is a defendant, Village Council approval will first be required for lawsuit settlements that exceed Ten Thousand ($10,000.00) Dollars wherein the loss is not insured and for lawsuit settlements that exceed Twenty-Five Thousand ($25,000.00) Dollars wherein the loss is insured. Section 2. Resolution 39-2003 of the Village of North Palm Beach is hereby repealed. Section 3. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS 10th DAY OF MARCH, 2005. (Village Seal) ATTEST: VILLAGE CLERK