Overview

• The $15.5 million settlement with Chicago Parking Meters, LLC is significantly lower than the $322 million originally sought by the company.
• The settlement includes enhanced parking enforcement measures, with the city hiring 10 full-time officers and gaining access to meter data.
• The legal dispute originated from claims tied to pandemic-era enforcement suspensions and revenue-sharing disagreements.
• The Finance Committee also approved $62 million in police misconduct settlements, including $48 million for three wrongfully convicted men imprisoned for over 35 years.
• The full City Council is set to vote on both settlement packages as early as Wednesday, potentially finalizing the agreements.