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Item S4 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: August 21, 2002 Division: County Attorney AGENDA ITEM WORDING: Approval of Stipulated Settlement Agreement in T.J.Builders Corp. v. Monroe Countv. ITEM BACKGROUND: Settlement agreement agreed to in principal back at May 15, 2002 BOCC meeting. This version includes more details. PREVIOUS RELEVANT BOCC ACTION: See above. CONTRACT I AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: Approval. TOTAL COST: BUDGETED: Yes 0 No 0 COST TO COUNTY: APPROVED BY: County Attorney _ OMB/Purchasing 0 Risk Management 0 DIVISION DIRECTOR APPROVAL~~~ /' ES/. HEND ICK DOCUMENTATION: Included 0 To Follow 0 Not Required 0 AGENDA ITEM # ifj/ IN THE CIRCUIT COURT OF THE 16TH JUDICIAL CIRCUIT IN AND FOR MONROE COUNTY, FLORIDA GENERAL JURISDICTION DIVISION CASE NO. CAP -00-276 T.J. BUILDERS CORP., Plaintiff v. MONROE COUNTY, Defendant. / STIPULATED SETTLEMENT AGREEMENT T.J. Builders Corp. and the Board of County Commissioners of Monroe County, Florida (hereinafter "the County"), by and through their undersigned attorneys, hereby reach the following settlement agreement in the above captioned matter. 1. The parties hereby agree that the County is entitled to a credit of $47,464.00 for work and materials for the ball park lighting system at the Key Largo Community Park project, not the $130,460.00 that it had previously claimed. 2. The parties agree that the Court will retain jurisdiction to resolve the issue of whether interest is owed on the unpaid balance of the contract. 3. The County agrees to pay the outstanding water charges in the amount of $4,865.71. 4. The parties agree that but for the interest issue, this Stipulated Settlement Agreement resolves all outstanding issues regarding TJ Builders Corp.'s claims for final payment and the County's claims for damages, credits, or deductions for the Key Largo Park Project which is the subject of the above captioned matter. 5. The County agrees to remit final payment less the credit of $47,464.00 within 30 days of executing this agreement. 6. The final payment, aside from any interest that may be awarded by the Court, shall be $179,690.35. 7. Upon resolution of the interest issue, the parties shall exchange general releases and T.J. Builders Corp. will provide Monroe County with a final release of lien. Robert B. Shillinger, Jr. Assistant County Attorney PO Box 1026 Key West, FL 33041-1026 (305) 292-3470 - Phone (305) 292-3516 - Fax Florida Bar No. 058262 Attorney for the Defendant date Steven E. Eisenberg date First Union Financial Center 200 South Biscayne Blvd., #2420 Miami, FL 33131 (305) 579-1274 - Phone (305) 982-1511 - Fax Florida Bar No. 441112 Attorney for the Plaintiff ORDER APPROVING SETTLEMENT THIS CAUSE having come before the Court on the Stipulated Settlement Agreement of the parties, and the Court, being fully advised of its premises, hereby Orders that: The Stipulated Settlement Agreement is APPROVED and the parties shall comply with its terms, and it is further Ordered that the Court shall retain jurisdiction to resolve the issue of whether the County owes T.J. Builder's Corp. interest on the unpaid balance of the contract as well as all disputes regarding enforcement and compliance with this Stipulated Settlement Agreement. Done and Ordered this day of ,2002, in Plantation Key, Florida. Cc: County Attorney Steven E. Eisenberg, Esq. The Honorable Luis Garcia Circuit Judge .