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(a) The Director of Law is authorized to settle any claim presented to or filed <br />against the City, provided the settlement amount does not exceed two thousand dollars or <br />the applicable City insurance deductible, whichever is greater, and further provided that <br />sufficient monies have been appropriated and are available for the payment of the <br />settlement amount. <br />(b) The Director of Law is authorized to prosecute and settle any claim of the <br />City, provided that the Director of Law determines the claim to have a settlement value of <br />five thousand dollars or less. <br />(c) At least seven (7) days prior to prosecuting any claim authorized by <br />paragraph (b) above, or settling any claim pursuant to either paragraph (a) or (b), the <br />Director of Law shall report in writing to Council stating the nature of the claim which he <br />proposes to prosecute and/or settle, the dollar amount of the proposed settlement, and the <br />reasons in support of the action he proposes to take. <br />