ITEM 17.
A Resolution authorizing the Mayor to execute a Settlement Agreement with Woodlawn Commerce Center for the purpose of resolving a disputed mortgage related to a shopping center located at 5362 First Avenue, North and under which Woodlawn Commerce
Jan 13, 2015
under reviewLegal & Settlements
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If approved, the city would pay up to $25,000 from the general fund to settle a claim filed by Wilber & Associates on behalf of State Auto Company and UAB. The funds come from existing city accounts.
If approved, the city would pay Southern Natural Gas Company $100,000 from the general fund to settle a claim. The payout would reduce available general fund resources.
If approved, the city would receive $201,826.25 from insurers to cover fire damage to the A.G. Gaston Park Concessions building. The settlement would recover full costs for the March 2026 incident.