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Resolution - 14-18 - Water Tower Lawsuit-Proposed Settlement• CITY OF SPRING PARK SPRING PARK, MINNESOTA RESOLUTION 14-18 A RESOLUTION APPROVING THE PROPOSED SETTLEMENT AGREEMENT BETWEEN THE CITY OF SPRING PARK, MAGUIRE IRON, INC. AND EARL, INC. d/b/a ST. GERMAIN SANDBLASTING WHEREAS, the City engaged Maguire Iron, Inc. ("Maguire Iron") as the general contractor to construct a new water tower in 2005; and WHEREAS, St. Germain Sandblasting ("St. Germain") was a subcontractor hired by Maguire Iron for certain work, including paint application; and WHEREAS, the paint and finish coating on the water tower began delaminating; and WHEREAS, the City engaged a third party engineering firm (KLM Engineering) to inspect the water tower and its report indicated that in its opinion the delamination was premature (well before the end of is expected service life) and the paint and coating failures were, in its opinion, due to defective application; and WHEREAS, the City engaged outside counsel (attorney Mark Vyvyan of Fredrikson & Byron) to start litigation against Maguire Iron and St. Germain; and • WHEREAS, the City Council has met in several closed sessions with outside counsel to discuss litigation strategy; and WHEREAS, outside counsel has negotiated a settlement of the matter whereby Maguire Iron and St. Germain will do repair work as recommended by a third party engineering firm (Dixon Engineering) hired by the City for a reduced price as more fully described in the attached Settlement Agreement and Exhibit A (Scope of Work); and WHEREAS, the outside counsel recommends approval of the settlement agreement; NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SPRING PARK: The proposed Settlement Agreement by and among the City of Spring Park, Maguire Iron, Inc. and St. Germain Sandblasting is hereby approved and the Mayor and City Clerk are hereby directed to sign the Settlement Agreement on behalf of the City. Adopted by the City Council of the City of Spring Park this 4t' day of August, 2014. APPROVED: ATTEST: • Sar Rei ardt, M or Wendy Lew' , City Clerk