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HomeMy WebLinkAboutCRPS-05-036 - Release - Centre in the Square Flood ~ Report To: Date of Meeting: Submitted By: Prepared By: Ward(s) Involved: Date of Report: Report No.: Subject: Committee of the Whole February 28, 2005 Saskia de Moree, Assistant City Solicitor Saskia de Moree, Assistant City Solicitor N/A February 23, 2005 CRPS-05-036 RELEASE - CENTRE IN THE SQUARE FLOOD RECOMMENDATION: That the Mayor and Clerk be authorized to execute a Full and Final Release and any other required documentation for Ulmer Construction Incorporated and Kastl & Zuch Plumbing and Heating Limited with respect to a flood at the Centre in the Square., subject to the satisfaction of the City Solicitor. EXECUTIVE SUMMARY: N/A BACKGROUND: On May 13, 2000 there was a flood at the Centre in the Square as a result of a storm drain failure. The City sought compensation for the loss from the installation and plumbing contractors. Such compensation has now been received. REPORT: The matter is now settled and the signing of a full and final release by all parties is required. FINANCIAL IMPLICATIONS: The payment of the compensation for the damages shall be made upon completion of the full and final release. COMMUNICATIONS: N/A CONCLUSION: Signing of the release will conclude this matter and will be full and final settlement. Saskia de Moree Assistant City Solicitor