HomeMy WebLinkAboutCC RESO 10,508RESOLUTION NO. 10,508
RESOLUTION COMPROMISING CLAIM AGAINST THE
TRAVELERS INSURANCE COMPANY
(Nichols, et al)
BE IT RESOLVED that the City of National City
accept $1472.27 in full satisfaction of any claim it has
against the Travelers Insurance Company Policy NSL 1416267
by virtue of a claim against the City of National City by
Nichols, et al.
BE IT FURTHER RESOLVED that the Mayor is auth-
orized to execute a General Release to evidence the claims
authorized by this resolution.
PASSED AND ADOPTED this 23rd day of November, 1971.
ATTEST:
THE CITY
.:. AL CITY
OFFICE OF
CITY ATTORNEY
NATION L CITY, C UFO'. „
92050
GENERAL RELEASE
Donald F. McLean Jr.
CITY ATTORNEY
WHEREAS, Travelers Insurance Company has sold
insurance policy NSL 1416267 to the City of National City,
and
WHEREAS, during a period of time in which said
policy was in full force and effect, Harold Nichols, Joe
Nonzeta, John Nonzeta, Felice Selvagge, persons claimed in-
juries and money damages resulting from actions of the City
of National City, and
WHEREAS, pursuant to said Superior Court Action
No. 308960 was instituted, and
WHEREAS, the City of National City at its own ex-
pense has defended against said claims, and
WHEREAS, the City of National City now claims
against the Travelers Insurance Company a right of indem-
nification for the cost of said defense, and
WHEREAS, the parties hereto desire to mutually
compromise their rights to said policy of insurance in re-
gard to the claims of the aforementioned claimants;
THEREFORE, for and in consideration of the mutual
promises contained herein and this good and adequate other
consideration, the City of National City and Travelers Insu-
rance Company agree as follows:
The City forever releases, and promises, not to
sue upon, the Travelers Insurance Company from all claims
the City of National City may have against the Travelers
Insurance Company arising out of the above mentioned claims.
In consideration for said release and promise not to sue,
the Travelers Insurance Company promises to pay, upon demand,
the sum of $1,472.27.
Dated this -23rd _Day of November, 1971.
CTTUT :% r
i/ CITY CLERK ����!