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1963-3019r'-„ RESOLUTION No. 3019 RESOLUTION AUTHORIZING SETTLEN~NT OF CLAIMS AGAII~T VILLAGE OF RICHFIELD WHEREAS, lawsuits have been instituted against the Village of Richfield9 iri the District Court of Hennepin County, Minnesota9 claiming damages for flooding of private residential premises on May 20, 1960, resulting from alleged carel®ssness or negligence on the part of the Village in the maintenance of its storm suer system and the diversion of waters into said system and thereafter upon such private residential premises, which lawsuits are entitled as follows Fordyce v, Village of Richfield Knight v. Village of Richfield Collins v. Village of Richfield Thompson v, V3.llage of Richfield Wood v.. Village of Richfield a,rid WHERF<AS, such suits against the Village make claims in the aggregate amount of $359000, and WHEREAS, on May 20, 1960, the Village had comprehensive general liability a.n~ surance provided by Mutual Service Casualty Insurance Company, and WHEREAS, the applicable provision in the insurance policy with such compa*iy obligated the insurer to pay on behalf of the insured all sums t~iich the insured shall become legally obligated to pay as damages because of in3ury to or destruction of property9 including the loss of use thereof, caused by accident, and WHEREAS, on October 3, 1962, such insurer notified the Village that it is the insurerBS claim that the phrase pcaused by accident" does not cover damages caused by an "occurrer.c'" and that the insurer was unwilling to assume responsibility for responding to any judgments which might be obtained in the aforementioned lawsuats9 aa~ WfiEREAS, such insurer has nevertheless undertaken to investigate and negotiate such claims against the Village and has reached a settlement on such claims conditioned upon a contribution by the Village for part of the settlement sums and WHF~tEA5, there appears to be a genuinely doubtful issue of law as to the correct meaning and interpretation of the aforementioned provision in the insurance policy between the Village and such insurer, and S~HEREAS, the failure to resolve such doubtful and disputed claim between the insurer and the Village could result in the trial of such lawsuits against the Village and in possible 3udgments against the Village substantially in excess of the amount of settlement figures .agreed upon, and substantially in excess of the amount of X2,000, and WHEREAS, it is now proposed that the Village approve of the settlemexits which have been negotiated by such insurer and contribute the sum of $32,000 towards such settle merits, and WHEREAS' it appears such settlements and such proposal. for a contribution toward such settlements is a fairy reasonable' proper .and e~cpedient settlement of doubtful and disputed claims against the Village; NOW TI~EREFOREe BE IT RESOLVED by the Vi1.la.ge Council of the Village of Richfield' Hennepin County' Minnesotae as follawss 1. The Village herewith approves settlement of the following claa.ms against the Village in the following amountsb Fordyce v. Village of Richfield .... $ ?64.71, Knight v. Village of Richfield ...0 18.000.00 Collins v. Village of Richfield ... 0 28040.1.6 Thompson v. Village of Richfield .... 180DI~.00 Wood v. Village of Richfield .,.e 658.38 TOTAL ........o $5,166.65 2. The Village mayor, manager and finance director are hereby authorized and directed to pay to "Mutual Service Casualty Insurance Company~- the sum of $28000.00 in contribution towards such settlements. 3. Such payment sha11 be made fmm the Contingency Appropriation to the General. Fund. 1 1 Passed by the V3.llage Council of the Village of Richfield this 13th day of May' 1963. ATTESTo ~~~~ -~ E war . M ne Clerk ~ s