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Item N10BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY POTENTIAL -- ADD ON Meeting Date: August 19, 2009 Division: County Attorney Bulk Item: Yes No x Staff Contact Person: Bob Shillinger, x3470 AGENDA ITEM WORDING: Ratification of settlement agreement in Tropex Construction Services, Inc. v. Monroe County, CA P 06-44. ITEM BACKGROUND: Tropex was selected in 2004 to build the Tavernier Fire Station for $535,430.00. In June of 2005, Tropex notified the County that it was terminating the agreement. In July of 2005, the County discharged Tropex. In January of 2006, Tropex filed suit against the County for breach of contract. The County counterclaimed against Tropex and named its surety Developers Surety and Indemnity Co. as an additional Defendant. Trial is scheduled before Judge Garcia in November of 2009. The County's claim against Tropex is based on the additional $449,028.00 the County had to pay the replacement contractor to complete the job over and above the contract price agreed to by Tropex, plus interest, attorney's fees, and liquidated damages the latter of which is not recoverable from the Surety. Tropex is also being sued by its Surety in federal court due to Tropex s failure to indemnify the Surety for this and other claims. Tropex asserts that it is on the verge of bankruptcy. On Monday, August 17, 2009, the parties met in court ordered mediation which produced a tentative settlement agreement wherein the Surety agreed to settle the claim by paying the County $300,000.00 in exchange for a full release of any and all claims against Tropex and the Surety. Each side would bear its own attorney's fees and costs. The Surety would tender the $300,000 within 20 days after BOCC approval. Ratification of the settlement agreement by the BOCC is the last remaining condition that would need to be satisfied in order to finalize the agreement. A clo sed sed session has been scheduled for August 19, 2009 to discuss the settlement agreement. If all this item could be added on members of the BOCC are inclined to approve ussion.t Alternatively, the item could be brought to the agenda for consideration following the closed se back at a later date if any commissioner wanted more time to consider the agreement. In light of the timing of the mediation, the details of the proposed settlement agreement had not been drafted, must less finalized prior to the deadline for adding items onto the agenda. PREVIOUS RELEVANT BOCC ACTION: In July 2009, the Board agreed to hold a closed session on August 19, 2009. CONTRACT/AGREEMENT CHANGES: n/a STAFF RECOMMENDATIONS: Approval. TOTAL COST: none BUDGETED: n/a COST TO COUNTY:none SOURCE OF FUNDS: n/a N , I a REVENUE PRODUCING: Yes, $300,000.00 one time payment. APPROVED BY: County Atty xx OMB/Purchasing Risk Management DOCUMENTATION: Included DISPOSITION: Revised 2105 AGENDA ITEM # IN THE CIRCUIT COURT OF THE 16TH JUDICIAL CIRCUIT IN AND FOR MONROE COUNTY, FLORIDA CASE NO.: 06 CA 44 P TROPEX CONSTRUCTION SERVICES, INC., a Florida corporation, Plaintiff, V. MONROE COUNTY BOARD OF COUNTY COMMISSIONERS, Defendant. T pa rties arties and/or counsel, subject to their full f the above re ere fully matter upon set forth below, voluntarily consent and agree to settlement o the following terms and conditions: #, 1, Within 20 days from the date of the date of final approval of this Agreement as more fully set forth hereiCPlaintiff/Counter- Settlement sh llp Defendant, Developers Surety And Indemnity� Defendant/Counter-Plaintiff, Monroe County Board of County Commissioners oe ("BOCC"), the total amount of $300,000.nd, check made pay County Board of County Commissioners, and delivered to Ira Libanoff, Esq., at his offices. 2_ The undersigned representative and shall beounsel for the placedupon the oagendarepresents for the next this Settlement Agreement sha P Approvalroval. available meeting of �Cbfothe HOCCeration shall bena condition pedent of this Settlement Agreementy to any of the obligations of the parties herein. Also, subject to final BOCC approval of this Settlement Agreement, each 3. case/project ect and bond specific, general party agrees to execute mutual, case/p j ssal of all claims, with prejudice, each releases; and, a voluntary dismi side to bear their own attorney's fees and costs. 4. Each party and/or their counsel shall pay their share of the Mediation fees and costs. The Court shall retain jurisdiction to enforce the terms of this settlement, including enforcement of the payment of mediation fees and costs. Date: 4.17.09 Monroe County Board o ounty Cohen s o ers Authoriz d epre ntative MONROE COUNT ATTORNEY APP9OVEP",W PPtM-- ROBERT B.%HILLINGEA, JR. CHIEF A88L1'Ay COUNTY ATTORNEY Dates Counsel for roe Count Ira L. Libanoff, sq. Date: 4.17.09 Developers Surety and Indemnity Company �7 r Aut iz d representative Tropex Construction Services, Inc., By and through Developer's Surety and Indemnity Company, as attorney -in -fact . -- Gary A. Pe ins Claims Ass't Manager heel o ve pers Guy A. Harr s Esq.