An ordinance will be introduced Aug. 25 to City Council that would approve a final settlement agreement regarding the city’s potential liability for taxable costs related to a lawsuit filed by the city against Jacksonville Landing Investments.
On Dec. 12, the court entered a judgment for payment of about $3.7 million by the city to JLI to settle the 5-year-old dispute about ownership of a parking lot adjacent to the demolished Jacksonville Landing.
JLI filed a post-judgment claim for taxable costs including court costs, copying costs, expert costs, etc., for $136,732.04.
Under state law, JLI is entitled to recover taxable costs, but the amount of those costs is in dispute, according to the Legislative Fact Sheet filed with the proposed ordinance.
The city and JLI have agreed, subject to Council approval, to settle the issue for $68,366.02 (half of the demanded costs).
Money was transferred from the Mayor’s Budget Review Committee to the General Fund - Judgments, Claim and Losses Over $50,000 account to pay the settlement, according to the fact sheet.