LRT settlement approved for $36,718,500
17 yays, 4 nays Settlement has been approved. City council has agreed to pay $36,718,500 in the two lawsuits combined.
17 yays, 4 nays Settlement has been approved. City council has agreed to pay $36,718,500 in the two lawsuits combined.
Councillor Diane Deans let council, most particularly the mayor, know how unhappy she is with the proposed settlement. She yelled into her microphone that she feels the city is about to waste close to $37 million.
Tally of the city's legal and consultant fees to get to today's proposed settlement: $2.4 million.
Councillor Peter Hume has proposed to authorize the city treasurer to offer interim financing for the settlement and then prepare a permanent funding strategy in time for 2010 budget deliberations. We might not know for a while what the impact of all this is going to be when it comes to taxpayers.
The motion to accept the proposed settlement is currently being discussed. One city official says the engineering designs that the city would get as part of that settlement would be useful to the city -- and worth millions of dollars.
Nick Gamache is at City Hall...
After a quick discussion about whether to go in-camera, councillors decided to discuss the terms of a proposed settlement with the companies that are suing Ottawa over the cancellation of the north-south LRT project. The proposed deal states that the city would have to pay one lump some payment of $36,718,500 to the plaintiffs. City lawyers say that is the best possible deal for the city at this point.
More from Paula Waddell, Executive Producer of Ottawa Regional News...
A big cheer went up in our newsroom last night when weatherman Ian Black popped up on the screen and said "It's 5 o'clock. The news starts now."
CBC Ottawa has now launched its two new early local newscasts - Ottawa at 5 and Ottawa at 5:30. Both programs were followed by Ottawa at 6.
All the reporters made their deadlines, all the scripts were done in time...we had a few close calls, items fed from the rest of the country came in later than expected. We are calling it a success from the bench but it will be the audience that will decide if it likes the options of getting local news earlier in the evening.