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Aldermen approve $5,000 settlement with Iwerks Systems Inc.
Summary
The board approved a resolution authorizing the city administrator to execute a settlement agreement and issue payment of $5,000 to Iwerks Systems Inc., following an earlier closed‑session discussion; the resolution specified no admission of fault.
The Board of Aldermen approved a resolution authorizing the city administrator to execute a settlement agreement and issue payment of $5,000 to Iwerks Systems Inc. Staff said the board had discussed the matter in closed session in April and previously voted to authorize a $5,000 settlement; the resolution formalizes execution and payment, and the settlement language includes a statement that no party admits fault.
Staff said the city administrator is authorized to sign the settlement agreement and ensure timely issuance of the settlement payment; staff noted the settlement should be completed within 30 days of signing. No further details of the underlying dispute were discussed in open session.
