"Tony Marryatt confirming that he is committed to the rebuild of the city and to leading the council organisation," the statement said.
It said the council reaffirmed its backing of the chief executive during "this critical time".
"The council values and respects Tony Marryatt's role as chief executive and recognises and appreciates the work he has put in over this critical time," it said.
The only money paid in settlement by the council to Mr Marryatt was reimbursement of his legal costs "reasonably incurred in pursuing his personal grievance" it said.
"It is acknowledged that extensive time and effort has been put into clarifying councillors' roles.
"The adoption of the Christchurch City Council charter is intended to effect behavioural change and improve the working relationship going forward."
The council refused to comment further, saying it could not because the matter was an "employment issue".
APNZ understands Mr Marryatt may still consider refusing the $68,000 pay rise at an upcoming remuneration review.