2026-97 Exhibit 1 — Neighborhoods, Community Services, Public Health and Safety Committee (2026-03-02)

AI Summary

The City of Jacksonville settled a lawsuit against Otis Elevator Company for $100,000 to resolve claims of breach of contract and damages related to elevator service and maintenance at several city-owned buildings. Under the agreement, Otis will pay the settlement amount within 30 days of receiving the fully executed agreement and a W-9 form from the city, contingent upon Jacksonville City Council approval by ordinance. Upon payment, the city will dismiss the lawsuit with prejudice, and both parties release each other from all related claims...