City Accepts Siemens’$4.6 Million to Settle Water Lawsuit
August 15th, 2016 by
Choose another article
Newer article: Irma Frisby Leslie
Older article: Unity Rally Videos – Race & Law Enforcement Relations Town Hall Meeting
Monticello Live
Monticello's Daily News
Search
BIBLE
CLASSIFIEDS
OBITUARIES
LOCAL WEBSITES
Secure Storage 2
Bradley County Medical Center
Commercial Bank
Dallas County Medical Center_B
Head of the Class
Pines Broadcasting Company
Monticello Animal Clinic
ESA Staffing 2
UAM A
Avocados
ASFCU
One 11 Southern Graphics 1
Cass Martin Realty
Delta Memorial Swing Bed_A
Mingo Computer Consulting
Advertise With Monticello Live
Dallas County Medical Center_A
Prescription Pad Pharmacy
Farmer’s Insurance Two
One 11 Southern Graphics 2
Ray’s
City Drug
Clearview
UAM News
UAM Sports
Monticello Exxon
AM Rental & Sales
Searcy & Associates
State Farm Mark Gray
Delta Memorial Swing Bed_B
Monticello Tire (Goodyear)
Merchant & Planters Agency, INC.
Monticello Realty
O’Fallon Vet
4 Responses to “City Accepts Siemens’$4.6 Million to Settle Water Lawsuit”
Leave a Reply
Citizen’s Bank 1
BCMC Family Care Clinic 1
Malco Theater 1
Farm Bureau
Mr. Bug
Baker’s Electrical
Union Bank 2
Immanuel Baptist Church
ESA Staffing
BCMC Family Care Clinic 2
Burgess Process Service
UAM Trotter House B
Quality Plus Dry Cleaners
Malco Theater 2
Union Bank 1
La Terraza
Mullis Insurance
UAM B
Small Bites Pediatric Dentist
Farmer’s Insurance One
Citizen’s Bank 2
Bone’s Auto Parts
SEEMS
UAM Trotter House A
A.J. Huffman Graphic Design
Frazer’s Funeral Home
Depaul Community Health Centers
South Arkansas Business Solutions
Searcy & Associates 2
AGUp Equipment
In this settlement is Siemens required to cover the city’s legal expenses, attorney etc.? If not, what was the cost to the city for this legal action?
Every Monticello resident should be furious with this deal. Siemens owes Monticello $10 Million. Yet they settle for $4.5? This is a sorry deal. So we pay Siemens $5.5 Million for nothing? We live in one of the mobile home parks that received a Siemens water meter at the street. It has leaked numerous times in the last year, costing both the park owner and the city.
Will the city take the $4.5 Million and repay the bank or is this “found money” that the mayor can do what he wants with?
Dear Jim A. Hall,
The cost of the total project was 10 mil. The City paid the company somewhere around 6.7mil. That leaves just over 2mil unaccounted for.
While Siemens didn’t do great work they did do work. That work needs to be paid for. It’s only fair.
I believe the 3rd video should explain everything you need to know about the money and benefits of the deal. Its hard to get all the facts from just reading the headlines.
I believe a good deal was struck. We paid a fair price for the work that was done and we still have the remainder of the money to finish this project with another firm.
If you just shoot from the hip reading the headlines and make statements from that you would be outraged at this settlement. If you look at all the facts you can see that a fair compromise was met and a reasonable price was agreed upon.
Mr. Hall, the city never paid the full 10 million only 7 million was paid. The remaining 2.3 million Siemens kept was for work done and all the materials as well as excess materials the city will keep. Please do your research before writing your comments