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SETTLEMENT AGREEMENT <br /> This Settlement Agreement ("Agreement") is entered into by and between the <br /> INTERNATIONAL UNION OF OPERATING ENGINEERS, LOCAL 150, AFL-CIO ("Local <br /> 150"), and the ELK GROVE VILLAGE BOARD ("Village"), the corporate authority of the <br /> Village of Elk Grove, Illinois, hereinafter the "Parties." The Parties agree as follows: <br /> WHEREAS, on April 28, 2015, the Village voted on and passed Resolution No. 20-15 <br /> supporting Governor Rauner's "Turnaround Agenda for government empowerment and reform" <br /> (hereinafter "Turnaround Resolution"); and <br /> WHEREAS, Local 150 has raised certain challenges related to the passage of the <br /> "Turnaround Resolution;" and <br /> WHEREAS, the Village has denied any allegations and further denies any wrongdoing in <br /> this matter; and <br /> WHEREAS, in order to avoid the uncertainty, costs and resources associated with <br /> litigation in this matter the Parties have conferred regarding the potential for an amicable <br /> resolution; and <br /> WHEREAS,the Parties have reached certain understandings regarding all of the foregoing <br /> and now desire to set said understandings to writing. <br /> NOW,THEREFORE, in consideration of the mutual promises and agreements contained <br /> herein, the Parties hereto agree as follows: <br /> 1. The Village agrees that it will rescind the "Turnaround Resolution"passed at its April 28, <br /> 2015 Board meeting. Said rescission shall take place no later than January 31, 2017, and <br /> shall be done via a public vote of then sitting Board members. <br /> 2. After the rescission referenced in Paragraph 1, the Village agrees it will take no further <br /> action related to the "Turnaround Resolution." <br /> 3. Local 150 will agree to forgo any challenges related to the Village's passage of the <br /> "Turnaround Resolution"after completion of the conditions set forth in Paragraph 1 above. <br /> 4. Nothing in this Agreement constitutes or shall be construed as an admission of wrongdoing <br /> on the part of the Village and Village expressly denies any liability of any kind in this <br /> matter. <br />