Purpose

To confirm the
intention to settle the litigation with X Ltd on terms which are
exempt, but which entail the expenditure of a sum of money that is
in excess of the £1m identified as the threshold for a
“Key Decision” in the Council’s
Constitution.  The intention is also to
vary the ongoing contractual relationship on terms which are
exempt.

Decision

To approve:
 
That the
Council’s Monitoring Officer (or relevant Head of Law in his
stead) be authorised to sign the relevant Settlement Agreement and
Deed of Variation under Articles 15.03 and 15.05 of the
Council’s Constitution.

Reasons for the decision

The Council has been involved in litigation
with X Ltd for some time. X Ltd are a company with whom the Council
has an ongoing contractual relationship.
 
The report confirms the intention to settle
the litigation with X Ltd on terms which are exempt, but which
entail the expenditure of a sum of money that is in excess of the
£1m identified as the threshold for a “Key
Decision” in the Council’s Constitution. The intention
is also to vary the ongoing contractual relationship on terms which
are exempt.