The Board of Aldermen approved a resolution authorizing the city administrator to execute a settlement agreement and issue payment of $5,000 to Iwerks Systems Inc. Staff said the board had discussed the matter in closed session in April and previously voted to authorize a $5,000 settlement; the resolution formalizes execution and payment, and the settlement language includes a statement that no party admits fault.

Staff said the city administrator is authorized to sign the settlement agreement and ensure timely issuance of the settlement payment; staff noted the settlement should be completed within 30 days of signing. No further details of the underlying dispute were discussed in open session.