CHICAGO, April 29 (Reuters) - Chicago settled a payment dispute with a private company operating the city's parking meters that will greatly reduce money owed by the city, Mayor Rahm Emanuel announced on Monday. Under the deal, Chicago will pay Chicago Parking Meters LLC $8.9 million, instead of the $49 million the company demanded in compensation for out-of-service meters due to street closures and other reasons covering a two-year period that ended on March 31. The agreement will be ...
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