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HomeMy WebLinkAbout12546RESOLUTION NO. 12546 A RESOLUTION APPROVING A SETTLEMENT AGREEMENT BETWEEN THE CITY OF PUEBLO AND CELLULAR, INC. NETWORK CORPORATION D/B/A/ VERIZON WIRELESS RELATING TO UNPAID E911 SURCHARGES AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Settlement Agreement between the City of Pueblo and Cellular, Inc. Network Corporation d/b/a Verizon Wireless providing that Verizon Wireless will pay the City $354,287.16 to resolve all issues relating to unpaid E911 surcharges, a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved. SECTION 2. The President of the City Council is authorized to execute and deliver the Agreement in the name of the City and the City Clerk is directed to affix the seal of the City thereto and attest same. SECTION 3. This Resolution shall become effective upon passage and approval. INTRODUCED: December 10, 2012 BY: Leroy Garcia COUNCIL PERSON Background Paper for Proposed RESOLUTION DATE:December 10, 2012AGENDA ITEM # M-3 DEPARTMENT: Finance Department Sam Azad, Director of Finance TITLE A RESOLUTION APPROVING A SETTLEMENT AGREEMENT BETWEEN THE CITY OF PUEBLO AND CELLULAR, INC. NETWORK CORPORATION D/B/A/ VERIZON WIRELESS RELATING TO UNPAID E911 SURCHARGES AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME ISSUE Should City Council approve the Settlement Agreement relating to unpaid E911 Surcharges? RECOMMENDATION Approval of the Resolution. BACKGROUND This past summer the Finance Department conducted a review of Cellular, Inc. Network Corporation d/b/a Verizon Wireless (“Verizon Wireless”) E911 returns. The review revealed that Verizon Wireless had failed to pay the correct amount of E911 surcharges for several years. The parties participated in negotiations and Verizon Wireless has agreed to pay the City $354,287.16. The Settlement Agreement sets forth all of the terms agreed to by the parties in order to resolve the issue. FINANCIAL IMPACT The settlement payment received from Verizon in the amount of $354,287.16 shall be deposited into the E911 Surcharge Account to be appropriated pursuant to C.R.S. §29- 11-104.