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the responsible Claims Administrator or Administrators recommend a <br />settlement, no payment shall be made unless authorized both by the <br />City and the Board in the manner provided by applicable City <br />ordinances and Board resolutions. If there is no City ordinance <br />applicable to approval of a payment to settle a claim, no payment <br />shall be made unless approved by the Mayor. If there is no Board <br />resolution applicable to approval of a payment to settle a claim, <br />no payment shall be made unless approved by the Superintendent. <br /> <br /> 5. Settlement of Claims. Any settlement recommended by <br />the designated Claims Administrator or Administrators and approved <br />as set forth in paragraph 4 above, and any final judgment against <br />either or both parties arising out of the Recreational Programs or <br />the Recreational Facilities, to the extent not otherwise paid <br />pursuant to an insurance policy of the City or the Board, shall be <br />paid in equal shares from the respective Self-Insurance Funds <br />maintained by the parties. <br /> <br /> If a settlement is approved, or a claimant obtains a <br />final judgment, for an amount in excess of the parties insurance <br />coverage and the aggregate amount contained in the Self-Insurance <br />Funds, the parties shall first satisfy so much of the settlement <br />or judgment as may be possible from their insurance coverage and <br />the assets contained in the Self-Insurance Funds. The Council of <br />the City and the Board shall then each appropriate additional <br />funds, or, in the case of a final judgment, issue final judgment <br />bonds pursuant to R.C. Section 133.27~ or a combination thereof, <br />to equal 50% of the balance of such settlement or final judgment, <br />as the case may be. <br /> <br /> --7-- <br /> <br /> <br />