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ORDINANCE AMENDMENT OF THE NEW HAVEN BOARD OF ALDERS TO APPROPRIATING ORDINANCE #3 FOR FISCAL YEAR 2026-2027 AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FISCAL YEAR 2026-2027 AND APPROPRIATING $27,000,000 TO FUND THE LITIGATION SELF-INSURANCE FUND FOR THE CITY’S SETTLEMENT OF HORN V. CITY OF NEW HAVEN, ET AL AND JACKSON V. CITY OF NEW HAVEN, ET AL
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WHEREAS, the City of New Haven, Connecticut (the “City”) entered into litigation settlement agreements for the cases of Horn v. City of New Haven, et al and Jackson v. City of New Haven, et al (the “Settlements”); and
WHEREAS, the Litigation Settlement Committee of the City approved the Settlements on August 19, 2026; and
WHEREAS, the City is seeking approval from the Board of Alders of the City of New Haven to authorize general obligation bonds in an amount not to exceed $27,000,000 to fund the Litigation Self-Insurance Fund, established pursuant to Section 273 of the Special Laws of the City of New Haven(the “Litigation Self-Insurance Fund”), wherefrom the City is authorized to pay the sum of any judgment, compromise, adjustment, award, or settlement under a voluntary agreement of compensation, memoranda of understanding, memoranda of agreement, and/or letter of agreement, that may be entered into between the City and a claimant and approved by the Litigation Settlement Committee.
NOW THEREFORE BE IT ORDAINED by the Board of Alders of the City of New Haven that:
(a) Not exceeding $27,000,000 General Obligation Bonds (the “Bonds”) shall be issued in one or more series for the purpose of financing the Settlements, and the proceeds thereof are hereby appropriated for said purpose, as follows; and
Project
Number
Project Name
Amount
New
Litigation Self-Insurance Fund
Not exceeding $27,000,000
BE IT FURTHER ORDAINED by the Board of Alders of the City of New Haven as follows:
(b) The Bonds of each series shall mature not later than the maximum maturity permitted by the General Statutes of Con...
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