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(b) Settlement of claims, other than moral claims <br />referred to the Small Claims Commission pursuant to <br />Chapter 151 of the Codified Ordinances, and not <br />exceeding $7,500.00 shall be subject to the <br />approval of the Mayor and Law Director. Settlement <br />of claims above $7,500.00 and not exceeding <br />$25,000.00 shall be subject to the approval of <br />either the Council Finance Committee or the Council <br />Committee of the Whole by written report thereof <br />signed by a majority of the members of either of <br />the respective committees. Settlement of claims <br />exceeding $25,000.00 shall be subject to approval <br />of the Council pursuant to Ordinance or Resolution. <br /> <br />(c) Nothing in this section shall be construed to <br />constitute a waiver of any immunity or defense of <br />the City or its employees or as a modification of <br />the terms of present or future insurance policies <br />purchased by the City. <br /> <br /> Section 2. It is found and determined that all formal <br />actions of this Council concerning and relating to the passage of this <br />ordinance were adopted in an open meeting of this Council, and that <br />all such deliberations of this Council and of any of its committees <br />that resulted in such formal action, were in meetings open to the <br />public, in compliance with all legal requirements including Section <br />121.22 of the Ohio Revised Code. <br /> <br /> Section 3. That this ordinance is hereby declared to be an <br />emergency measure for the reasons stated in the preamble hereof and <br />provided it receives the affirmative vote of two-thirds of all members <br />elected to Council, it shall take effect and be in force immediately <br />upon its adoption and approval by the Mayor; otherwise, it shall take <br />effect and be in force after the earliest period allowed by law. <br /> <br />Adopted: <br /> <br />Approved <br /> <br />2 <br /> <br /> <br />