RESOLUTION 84-17834 RESOLUTION NO. 84-17834
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROVING AND
ACCEPTING THE SETTLEMENT OFFER RELATING TO
YOUTH CENTER SETTLEMENT IN CITY OF MIAMI
BEACH V. FERENDINO/GRAFTON ETC.
WHEREAS, in 1981, the City of Miami Beach sued
Ferendino/Graf ton and Seldin Construction Company for defects re-
lating to the Miami Beach Youth Center ' s ice skating rink and
gymnasium floor ; and
WHEREAS, in Resolution No. 84-17674 , the City of Miami
Beach accepted $125,000. 00 in settlement of its claims against
Seldin Construction Company (relating to the ice skating rink)
and Western Waterproofing, as subcontractor (relating to the gym-
nasium floor) ; and
WHEREAS, Seldin Construction Company has assigned its
judgment against its subcontractor , the Dublin Company, in the
amount of $74 ,782.40 to the City of Miami Beach; and
WHEREAS, Travelers Insurance Company has offered to pay
the City of Miami Beach seventy-five percent of the $74 ,782. 40
judgment against the Dublin Company and seventy-five percent of
the statutory interest which has been accruing since the date of
the judgment;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COM-
MISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the settlement
offer of Travelers Insurance Company as outlined more fully in
the attached Commission Memorandum dated September 5 , 1984 , under
which the City of Miami Beach would receive $56 ,086.80 from
Travelers Insurance Company (seventy-five percent of $74 ,782. 40)
plus seventy-five percent of the statutory interest accrued since
the date of the judgment is hereby approved and accepted in
settlement of City of Miami Beach v. Ferendino/Grafton, etc.
PASSED AND ADOPTED this 5th day of September , 1984 .
rORM APPROVED
LEGAL DEPT.
MAYOR
ATTEST:
Date
C Y LERK
JKO: kt
8224A I - CONVENTION -
FF CE OF THE CITY ATTORNEY1700 CENTER DRIVEMIAMI BEACH, FLORIDA 33139
ORIGINAL
RESOLUTION NO. 84-17834
(Approving and accepting the settlement
offer relating to Youth Center Settle-
ment in City of Miami Beach V. Ferendino
Graf ton etc.)