08-812Council File # vv�
Green Sheet # 3057373
Presented By:
��
1 BE IT RESOLVED, that upon delivery of satisfaction of judgment to the City of Saint Paul, the
2 proper City officers are hereby authorized and directed to pay out of the Tort Liability Fund 09070-
3 0511 to Town Square Realty, LLC, and its attomey, the sum of One Hundred Fifty Thousand and
4 00/100 Dollars ($150,000.00) in satisfaction of the judgment in the action entitled, Town Square
5 Realty, LLC, vs. City of Saint Paul and Michael YVong, dibfa Town Square Garden, Inc., Rauisey
6 County District Court File No.: 62-CS-02-8373.
Dated: � �- ° �
ND OF DISTRICT COURT
.J�?d� .�20�
Requested by Department of:
t torne 's Office
BY: l�" "' "� � / ° ��`
f�/
LolliSE ToSCano Seeb2 —
Approved by the Office of Financial Services
Adoption Certified by Council Secretary
By: 9. � 7
Approved y ay r: Date D
SY:
RESOLUTION
CITY OF SAIlVT PAUL, NIIl�TNESOTA
By: �i _
Approved by City Attorney
By:
App ov d b ayc for Sub i sion o Council
By:
Adopted by Council: Date O/lo�/),y
� Green Sheet Green Sheet
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CoMact Person & Phone:
Louise Toscano Seeba
266$772
Mus[ Be on Council Agentla by (Date):
06-AUG-08
Doc.Type: RESOLUTIONWI$TRANSAC
E-Document Required: N
Document Contact:
ConWCt Phone:
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Assign
Number
For
Routing
Order
ToWI # of Signature Pages _(Clip All Locations for Signature)
0 �CityAttorneY
1 'tyAttomey DepartmentDirec[or
2 ancial Services f5ce FSnancial Services
3 'ri A.��ey
4 Mavor's Office MawdAssisiant
5 Coonol I CtiN Counpl
6 ' Clerk C� Clerk
The CAO recommends approval of a resolution authorizing a sarisfaction of judgment in Town Square Realry, LLC vs. City of St.
Paul and Michael Wong, d/b/a Town Squaze Gazden, Inc., Ramsey County Dist. Ct. File 62-cv-02-8373 in the amount of $I50,000.
iaauons: npprove (a) or R
Planning Commission
CIB Committee
Civil Service Commission
Green Sheet Green Sheet Green Sheet Green Sheet
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___ _. _Gree She ef NO J 3057
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1 Has this person/firm ever worked under a contract for this departmenC?
Yes No
2. Has this person�rm ever been a city employee?
Yes No
3. Dces this persoNfirm possess a skill not normally possessed by any
current ciry employee�
Yes No
Explain all yes answers on separete sheet and attach to green sheet
Initiating Prohlem, Issues, Opportunity (Who, What, When, Where, Why):
Town Squaze ReaIty, LLC ini6ated tlus acrion against the Ciry and Michael Wong in 2002 to recover damages from the Defendants in
excess of $5,000,000. The jury trial took place in May, 2007, wherein Town Squaze Realry was awarded $200,000 by a Ramsey
County jury. Town 5quaze Realry was also entitled to pre and post judgment interest in the amount of approximately $60,000. After
the trial, the parties continued settlement discussions and Town Squaze Realty has ageed to accept $15Q000 from the City as
sarisfaction of judgmenf,
AtivanWges If Approved:
If approved, the proposed sarisfaction of judgnent allows the City [o conclude this six-yeaz litigation at an amount less than the jury
verdict
Disadvantages If Approved:
None.
DisadvanWges If Not Approved:
If not approved and the City is not successful getting the jury verdict overturned at the appellate level, the Ciry is responsible for the
jury verdict amount plus pre and post-trial interest, which is approximately $260,000.
Total Amount of
Transaction: $150,000.00
Funding Source: 09070-0511
Financiaf Infortnafion:
(Explain)
CostlRevenue Budgeted: y
Activity Number:
July 25; 2008 2:03 PM
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