[Amended 12-17-1976 by Ord. No. 16971; 5-9-1977 by Ord. No. 77-35; 6-23-2003 by Ord. No. 2003-12]
The Mayor of the City of Schenectady is authorized, with the approval of the Corporation Counsel, to execute proofs of loss and releases of claims in favor of the City if the payment to the City is for the amount of the claim or if the claim by the City does not exceed $500. A release of a claim in excess of $500 is subject to approval by the City Council if the amount to be paid to the City is less than the amount of the claim.