City of Troy, NY Article III Settlements and Judgments

[Adopted 3-1-1963 as Art. III of Sub-Part C of Part I of the 1973 Code (L.L. No. 1-1954 adopted 4-2-1954)]

§ 15-5 Compromise authorized.

The Corporation Counsel shall, whenever he/she considers that the interests of the City will be served thereby, enter into an agreement, in writing, subject to approval as hereinafter set forth, to compromise and settle any claim, cause of action, or proceeding against the City, which agreement shall constitute a valid obligation of and against the City, and the amount therein provided to be paid shall, with interest thereon from its date, be paid the same in all respects as a judgment against the City:

A. When the amount of any said compromise is less than $1,000, it shall be subject to the approval of the Mayor and the Comptroller.

B. When the amount of any said compromise is $1,000 or more, it shall be subject to the approval of the City Council.

§ 15-6 Report to Council of amount of unpaid judgment.

The amount of any judgment recovered against the City and payable by it, remaining unpaid, with the interest due thereon, in case the time to appeal therefrom has expired and no appeal has been taken, or a certificate of no appeal therefrom has been given by the Corporation Counsel, or in case such judgment is finally affirmed, or an appeal taken and the execution thereon shall not be stayed, shall be reported to the City Council immediately after the same shall have become payable as aforesaid. Until the moneys applicable to the payment of a judgment have been raised and paid into the City treasury and payment of the judgment has been refused, no execution shall issue against the City.