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1 <br />2 <br />3 <br />4 <br />c <br />i <br />9 <br />,l <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />-)5 <br />of the attorney-client session, this meeting will be <br />reopened. Thank you. <br />(Whereupon, at 10:31 a.m., a recess was had.) <br />(Thereupon, at 11:10 a.m., these proceedings were <br />resumed.) <br />CHAIRMAN SOLARI: It's now 11:10 and the <br />attorney-client session is terminated; and we're back <br />in our regular meeting. To hand it back in our regular <br />meeting, we are still on the same County Attorney's <br />matters. I'll ask Mr. Reingold to wrap up the decision <br />first. <br />MR. REINGOLD: Thank you very much. So where we <br />are right now, so I received a letter from the attorney <br />for Mr. Maib and Ocean Concrete. I will give a quick <br />background, at least, is that, currently right now the <br />jury award was for 2 million dollars. <br />And so the letter that I've received from Smith & <br />Associates was that the settlement proposal was for the <br />2 -million -dollar jury verdict, it was for 1.3 million <br />dollars of prejudgment interest, it was for payment of <br />reasonable attorney fees of a million dollars, and a <br />payment of a cost for $500,000, that is a total payment <br />for $4.8 million. That is what they had proposed to <br />Indian River County as the settlement of this case, <br />which is essentially... closely mirrors what I believe <br />VERO BEACH COURT REPORTERS <br />772-231-2231 <br />3 <br />