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RES 2005-26 - 00013428RESOLUTION NO. 2005 -26 A RESOLUTION ACCEPTING STIPULATION FOR OUT OF COURT SETTLEMENT WITH LAWRENCE A. CHUBB WHEREAS, certain litigation was brought against the City of Fridley by Lawrence A. Chubb due to a work related injury dated October 8, 1985; and WHEREAS, that on or about the date of injury the City of Fridley was insured for its Minnesota workers' compensation liability by Home Insurance Company, which has since filed bankruptcy and is in liquidation, therefore requiring the City of Fridley to be self - insured for its Minnesota workers' compensation liability; and WHEREAS, Mr. Chubb and the City of Fridley desire to compromise and settle their differences and waive their rights to a formal hearing; and WHEREAS, the city's failure to approve this settlement would expose the City to further financial risks exceeding the costs to the City of this settlement; and WHEREAS, the City Council authorized the City's legal counsel to enter into a settlement on April 28, 2005, and the City's legal counsel has strongly recommended the settlement is fair and reasonable, and that it would be most prudent for the City to approve this settlement. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fridley, Anoka County, Minnesota, that the City of Fridley accept the Stipulation of Settlement dated May 13, 2005, in the sum of $55,000, in full, final and complete settlement of any and all workers' compensation claims, past, present or future, direct or consequential arising out of the employee's work - related injury of October 8, 1985, with the exception of future medical expenses which are deemed reasonable and necessary. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 23RD DAY OF MAY 2005. SCOTT J. UND, MAYOR ATTEST: "aA DEBRA A. SKOGEN, CI CLERK