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File #: RES 17-448    Version: 1
Type: Resolution Status: Passed
In control: City Council
Final action: 3/22/2017
Title: Approving the Settlement Agreement and Release between the City of St. Paul and LTF Real Estate Company, Inc. and its attorney Patrick J. Kelly.
Sponsors: Russ Stark
Attachments: 1. Settlement Agreement and Release.pdf, 2. Financial Analysis.pdf, 3. Administrative Code 3.02.pdf

Title

Approving the Settlement Agreement and Release between the City of St. Paul and LTF Real Estate Company, Inc. and its attorney Patrick J. Kelly.

 

Body

RESOLVED, that upon execution and delivery of a release in full to the City of Saint Paul, the proper City officers are hereby authorized to reduce the 2015 Village Streetscape assessment of Highland LTF Real Estate Company, Inc. from $333,532.85 to $220,000 (a reduction of $113,532.85).  This represents full and final settlement of Plaintiff’s claims in LTF Real Estate Company, Inc. v. City of Saint Paul, for all claims for damages and attorneys’ fees regarding this assessment.

 

 

 

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