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Council approves $1.52 million settlement expansion in closed session
Summary
In closed session the council authorized the city attorney to expand a settlement by $1,522,951.38 plus interest accruing at 7% per annum after March 1; the motion passed on an 11-0 roll call.
The Los Angeles City Council returned from closed session and approved, by roll call, authorization for the city attorney to expand a settlement by $1,522,951.38 plus interest accruing at 7% per annum after March 1.
The presiding officer read the closed-session item on the record: "Item number 33 is before you. It's authorizing the city attorney to expand $1,522,951.38 plus interest accruing at 7% per annum after March 1 in settlement of case." Councilmember Fuhrer moved the action; the roll call recorded 11 ayes and the council approved the settlement expansion forthwith.
The transcript does not specify the case name or other public details beyond the dollar amount, the interest rate and the council's authorization. The council's vote authorizes the city attorney to proceed under the terms described on the record.
