(A) The Council hereby establishes a General Liability Loss Fund to be used for the payment of claims against the municipality or any of its officers or employees for injury, death or loss to persons or property allegedly caused by an act or omission of the political subdivision or any of its employees, within the scope of their duties for the municipality, in connection with a governmental or proprietary function. Said Fund may also be used to pay the costs of administering the Fund, the costs of defending claims and the costs of adjusting claims made against the municipality.
(B) The Director of Law of the municipality is hereby given the exclusive authority to settle or compromise claims against the municipality up to a maximum amount of $5,000 per claim. Claims in excess of $5,000, but less than $50,000 shall be approved by the Board of Control. Claims in excess of $50,000 shall be approved by Council.
(C) The Director of Law is hereby authorized to retain outside legal counsel in such cases as the Director of Law deems appropriate to protect the interests of the municipality. The Mayor is hereby authorized to retain a person or firm of his or her choosing to adjust claims made against the municipality.
(D) The creation of this Liability Loss Fund shall not constitute, nor be construed as, a waiver of the immunities in favor of the municipality contained within Ohio R.C. Ch. 2744.
(Prior Code, § 232.01) (Ord. 200-1988, passed 10-24-1988; Ord. 28-2016, passed 3-28-2016)