(a)   The Director of Law or any Assistant Director of Law designated by the Director may adjust, settle, compromise or submit to arbitration any action, cause of action, account, debt, claim, demand, dispute or other matter in favor of or against the City, or in which the City is concerned as debtor or creditor, now existing or which may hereafter arise. The power and authority provided for herein shall include, but is not limited to, the power and authority to settle claims for damages and loss in civil actions for injury, death or loss to persons or property allegedly caused by any act or omission, whether governmental or proprietary, of the City or by an official or employee of the City, provided the act or omission of the official or employee occurred or is alleged to have occurred while such official or employee was acting in good faith and not manifestly outside the scope of his employment or official responsibilities.
   (b)   Settlement of claims not exceeding seven thousand, five hundred dollars ($7,500), shall be subject to the approval of the Mayor and the Law Director. Settlement of claims above seven thousand, five hundred dollars ($7,500), and not exceeding twenty-five thousand dollars ($25,000), shall be subject to the approval of either the Council Finance Committee or the Council Committee of the Whole by written report thereof, signed by a majority of the members of either of the respective Committees. Settlement of claims exceeding twenty-five thousand dollars ($25,000) shall be subject to the approval of Council pursuant to ordinance or resolution.
   (c)   Nothing in this section shall be construed to constitute a waiver of any immunity or defense of the City or its employees, or as a modification of the terms of present or future insurance policies purchased by the City.
(Ord. 89-86.  Passed 10-6-1986: Ord. 64-12.  Passed 11-4-2013.)