Chicago City Council Finance Committee Approves $15.5M Settlement, Ending Years-Long Dispute with Parking Meter Company

The Chicago City Council’s Finance Committee on Monday approved a $15.5 million settlement with Chicago Parking Meters, LLC, ending years of legal disputes over its controversial parking meter lease agreement.

The committee also approved a little over $62 million in settlements for police misconduct cases, including $48 million for three men who spent decades in prison after being wrongfully convicted in a 1986 arson that killed two people.

The full City Council will have to approve the settlements and can do so as soon as Wednesday.

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