(a) The Director of Law of this City is hereby authorized to compromise and settle any and all claims against the City or on behalf of the City against other parties without first obtaining specific authorization therefor from Council, provided, however, that no settlement of any such claim in excess of the sum of five thousand dollars ($5,000) shall be made without specific authority of Council therefor.
(b) No such compromise or settlement of a claim against the City shall be made unless an appropriation also is available for the expenditure required to complete the same.
(c) In all cases where the claim of the City against other parties is compromised pursuant to authority granted by this section, a release signed by the Director of Law shall be binding on the part of the City for the purposes specified therein.
(d) The Director of Finance is hereby directed to draw his warrant for the settlement for such claims upon presentation of a proper voucher therefor, approved by the Director of Law. (Ord. 75-2000. Passed 9-5-00.)