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Resolution 2014-27 Resolution No. 2014 A RESOLUTION OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS, APPROVING A GENERAL RELEASE BY AND BETWEEN THE UNITED CITY OF YORKVILLE AND THE COMMONWEALTH EDISON COMPANY (Corneils Road) WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "City") is a duly organized and validly existing non home-rule municipality created in accordance with the Constitution of the State of Illinois of 1970 and the laws of this State; and, WHEREAS, the City has incurred road damages and associated losses arising out of an incident that occurred on or about January 1, 2014 and throughout the winter season of 2014 in the City (the "Incident"); and, WHEREAS, the Mayor and City Council have determined that it is in the best interests of the City to enter into a general release with the Commonwealth Edison Company in the amount of$290,000.00 to settle the City's claim for damages arising out of the Incident, all as hereinafter set forth in the General Release by and between the United City of Yorkville and the Commonwealth Edison Company, attached hereto and made a part hereof. NOW, THEREFORE, BE IT RESOLVED,by the Mayor and City Council of the Untied City of Yorkville, Kendall County, Illinois, as follows: Section 1. That the General Release by and between the United City of Yorkville and the Commonwealth Edison Company, attached hereto and made a part hereof, is hereby approved and the Mayor and the City Clerk are hereby authorized to execute and deliver said General Release on behalf of the City. Section 2. This Resolution shall be in full force and effect from and after its passage and approval as provided by law. Resolution No.2014- 017 Page 1 Passed by the City Cou cil of the United City of Yorkville, Kendall County, Illinois this _day of�� �j �/� , 2014. CITY CLERK I CARLO COLOSIMO f KEN KOCH JACKIE MILSCHEWSKI LARRY KOT CHRIS FUNKHOUSER JOEL FRIEDERS ROSE ANN SPEARS DIANE TEELING Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this 0?0 day of OC706E., ' 2014. MAYO r Attest: City Clerk Resolution No.2014- o?7 Page 2 ComEd Claim Number: GCED2014352171 GENERAL RELEASE FOR AND IN CONSIDERATION OF THE SUM OF Two Hundred and Ninety Thousand Dollars and Zero Cents ($290,000.00), in hand paid within 30 days of the execution and return of this General Release form,representing the aggregate of all road damages,repair bills and other bills, lost wages, lost revenue and lost time,other personal property damages belonging to the United City of Yorkville, as well as the costs and expenses of recovery, The United City of Yorkville does hereby, for itself and its successor, assigns, and associated entities, servants and agents,release and forever discharge the Commonwealth Edison Company, a Corporation, its successors, assigns, and associated entities, servants and agents, of and from all actions, causes of actions, suits, controversies, claims and demands of whatsoever kind, at law or in equity, which it now has or may have for road damages and associated losses arising out of an incident that occurred on or about January 1, 2014 and throughout the winter season of 2014, in the United City of Yorkville, Illinois. ComEd is also aware of the truck restriction on the East end of Corneils Rd, and if a violation occurs during non-emergency work, applicable fines and/or citations could be pursued by the City. THE UNITED CITY OF YORKVILLE FURTHER UNDERSTANDS AND AGREES THAT THIS SETTLEMENT IS THE COMPROMISE OF A DOUBTFUL AND DISPUTED CLAIM AND THAT THE PAYMENT MADE IS NOT TO BE CONSTRUED AS AN ADMISSION OF LIABILITY ON THE PARTS OF THE PARTY OR PARTIES HEREBY RELEASED, BY WHOM LIABILITY IS EXPRESSLY DENIED. The United City Of Yorkville further states affirmatively that it knows of no liens of any kind on the property damage claims asserted and that it agrees to indemnify the Commonwealth Edison Company, a Corporation, for any and all such claims based upon such a lien if presented at any time hereafter. IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND AND SEALS THIS o?O DAY OF OCTDM A.D. 20 14 United City Of Yorkville By: Its: M.4 WI ESSES (N TARY SEAL) =PUBUCSTATE L NG OF ILLINOIS ES:12I18/16