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compromise or settlement amount; provided, however, <br />that the ultimate decision shall rest with the risk <br />manager. Nothing herein, however, shall preclude the <br />risk manager from referring a claim to the claims <br />review board or to the City Council, as appropriate. <br />B. The following patties are authorized to make <br />compromises or settlement on behalf of the City in the <br />following amounts: <br />1. The risk manager or his designee or <br />agent, including any private person or firm retained by <br />the risk manager to provide professional claims <br />adjustment services, is authorized to settle claims for <br />an amount not to exceed five thousand dollars <br />($5,000.00). <br />2. The risk manager is authorized to settle <br />claims for an amount not to exceed ten thousand dollars <br />($10,000.00) . <br />3. The claims review board as established <br />in Section 4.18.050 is authorized to settle claims for <br />an amount not to exceed fifty Vi and dollars <br />(5501000.00). l ^ c- <br />4. The City ou ,is' authorized to settle <br />claims for an amount not �tb E `-cceed �, a a*imum lia- <br />bility limits under the Coloradp aG41,er4 Wntal Immunity <br />Act for claims which lie or cu:d.I ='n tort regard- <br />less of the nature of th�a`-a�tia11 ich is 'brought by <br />the claimant, and for sic : he"z amounts which the City <br />Council deems appropriate,vith respect to claims <br />arising under Federal law. <br />C. No claims shall be settled unless supported <br />by a claims settlement report, which will give a <br />concise statement of the nature of the claim, the <br />history of the proceedings, and a recommendation from <br />the risk manager or his designee. <br />D. in investigating claims brought against the <br />City and its officials or employees, the risk manager <br />or his designee shall have authority to seek the advice <br />and cooperation of all departments of the City with <br />respect to establishment of facts, determination of <br />liability, and assistance in utilization of the <br />professional expertise of various employees within the <br />City in connection with those claims. Such advice and <br />assistance shall be provided on a timely basis. <br />E. No claim shall be settled pursuant to the <br />requirements of this section unless the claimant has <br />executed and presented a full release or discharge of <br />liability to the City and its officers and employees <br />arising out of the facts under that claim unless <br />otherwise authorized by the risk manager and the city <br />attorney. <br />-5- <br />//I <br />