The following shall apply to settlements:
- (a) Upon agreement by all parties to an offer of settlement, the presiding officer shall cause a formal document to be drawn up which specifies the terms of such settlement.
- (b) The settlement shall not become final unless all parties shall sign the agreed upon document and until approved by the council at an official meeting.
- (c) By signing the document, all parties shall thereby agree to waive their right to an adjudicatory proceeding.
- (d) Copies of the document shall be distributed to all parties, and the original shall be retained by the council.
Source. #5836, eff 6-15-94; ss by #7302, eff 6-8-00; ss by #9167, INTERIM, eff 6-3-08, EXPIRES: 11-30-08; ss and moved by #9223-A, eff 8-1-08 (from Pol 205.04)