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HomeMy Public PortalAboutORD14880 BILL NO. 2011-100 SPONSORED BY COUNCILMAN Koon ORDINANCE NO. 14 'b � ) AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, APPROVING A SETTLEMENT AGREEMENT WITH EMBARQ MISSOURI, INC., PERTAINING TO DISPUTED TAX PAYMENTS. WHEREAS, The Embarq Missouri, Inc., and the City of Jefferson have been litigating the issue of underpayment of taxes; and WHEREAS, The issues are complex and the case law regarding these matters are unclear; and WHEREAS, The parties have agreed that it is in their mutual best interests to resolve this matter without additional litigation. NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: Section 1. The City Council hereby authorizes and directs the Mayor and City Clerk to execute a settlement agreement with Embarq Missouri, Inc. for an amount not less than One Million Dollars which has been paid to the City of Jefferson Section 2. This Ordinance shall be in full force and effect from and after the date of its passage and approval. Passed: /�/ � 'wa Approved: s d�fficer or ATTEST: APPROVED AS TO FORM: 'C°ity Clerk dnt6rim City Counselor