Title:
title
Approve and authorize the Chairman to execute a Release and Settlement Agreement between Seminole County and Certain Underwriters at Lloyd’s Subscribing to Policy No. PK1005818 (“Underwriters”), for the River Cross Land Company, LLC litigation. Countywide (Kate Latorre, County Attorney)
end
Division:
division
County Attorney Office
body
Authorized By:
Kate Latorre, County Attorney
Contact/Phone Number:
Kate Latorre/407-665-7257
Background:
River Cross Land Company, LLC filed an action in Florida’s Middle District alleging Seminole County violated the Fair Housing Act in a case styled River Cross Land Company, LLC v. Seminole County, Case No. 6:18-cv-1646. The Action proceeded to summary judgment, where the Court granted the County’s motion, dismissed River Cross’s complaint, and awarded the County $432,198.13 for its attorneys' fees and costs.
Following the Judgment, River Cross filed for bankruptcy protection; however, the bankruptcy matter was dismissed with the trustee having found that there were no assets or property available for distribution. The County has been unable to otherwise collect on this judgment from River Cross Land Company, LLC.
Seminole County submitted an insurance claim under its errors and omissions policy to the Underwriters, seeking recovery of its attorneys’ fees and costs incurred in the defense of the action. The Underwriters issued full payment to the County for the judgment and are seeking a signed Release and Settlement Agreement as final resolution of the County’s claim.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute the Release and Settlement Agreement between Seminole County and Certain Underwriters at Llyod’s Subscribing to Policy No. PK1005818 (“Underwriters”), for the River Cross Land Company, LLC litigation.