...Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: ESX-L-001789-21
Claimant: Ricardo Palacios
Claimant's Attorney: Paul A. Garfield, Esq., Davis, Saperstein & Salomon, P.C.
Attorney's Address: 375 Cedar Lane, Teaneck, New Jersey 07666-3432
Settlement Amount: $125,000.00
Funding Source: Insurance Trust, Business Unit: NW025; Dept.: 25T; Div./Proj.: 7T25; Account #: 96340; Budget Ref.: B2025
Additional Information:
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WHEREAS, Plaintiff, Ricardo Palacios, instituted a suit in the Essex County Superior Court, captioned Ricardo Palacios v. City of Newark et al., Docket No. ESX-L-001789-21, in which the plaintiff sought recovery for damages allegedly sustained on or about May 18, 2020, as a result of the alleged actions of the City of Newark; and
WHEREAS, a settlement proposal has been made to resolve this litigation in its entirety by agreeing to the terms of the Settlement Agreement and Release and by payment in the total amount of One Hundred Twenty-Five Thousand Dollars and Zero Cents ($125,000.00) ("Settlement Sum"); and
WHEREAS, the Corporation Counsel based upon all facts and circumstances presented, deems it is in the best interest of the City of Newark to resolve said matter by payment of the proposed Settlement Sum and execution of the Settlement Agreement and Release.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Corporation Counsel is hereby authorized on behalf of the City of Newark to execute and accept the terms of the Settlement Agreement and Release, attached hereto.
2. Upon receipt by the Corporation Counsel of all documents deemed necessary, the Director of Finance is hereby authorized and directed to issue payment in the amount of One Hundred Twenty-Five Thousand Dollars and Zero Cents($125,000.00), which payment will be made...
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