The city council determines that it would be in the best interest of the city that claims be settled, compromised and paid pursuant to the following regulations:
(1) After investigation, any claim of fifty thousand dollars ($50,000.00) or less that is recommended for approval by the city attorney, and approved by the city manager or his duly appointed representative, may be settled without further approval.
(2) After investigation, any claim that is in excess of fifty thousand dollars ($50,000.00) and that is approved by a committee consisting of one (1) or more councilmembers appointed by the city council, the city manager or one (1) or more employees appointed by the city manager and the city attorney, may be settled subject to city council ratification. The committee shall establish its own rules.
(3) All claims in excess of fifty thousand dollars ($50,000.00) shall be placed on the consent agenda of the city council for ratification.
(Ordinance 88-47, sec. 1, adopted 5/10/88; Ordinance 2005-17, sec. 1, adopted 6/28/05; 1957 Code, sec. 2-101; Ordinance 2008-27 adopted 7/8/08)