Title
AN ORDINANCE AMENDING TITLE II, ADMINISTRATION, CHAPTER 6, DEPARTMENT OF LAW, OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, BY AMENDING ARTICLE 2, CORPORATION COUNSEL, TO EXPAND THE LIMITATION ON POWER TO COMPROMISE, SETTLE, ADJUST ANY RIGHTS, CLAIMS OR DEMANDS OR CAUSES OF ACTION IN FAVOR OF OR AGAINST THE CITY OF NEWARK TO AN AMOUNT NOT TO EXCEED $40,000.00 WITHOUT THE APPROVAL OF THE MUNICIPAL COUNCIL.
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WHEREAS, on August 1, 1990, the Municipal Council of the City of Newark adopted Ordinance 6S&Fc granting the Corporation Counsel of the City of Newark the authority to compromise, settle or adjust any rights, claims, demands or causes of action in favor of or against the City of Newark, in the amount of Nine Thousand Two Hundred ($9,200.00) Dollars; and
WHEREAS, the Municipal Council was desirous of adjusting the above figure in line with N.J.S.A 40A:11-3(c), which authorizes the Governor of the State of New Jersey to adjust the bid threshold in direct proportion to the rise or fall of the index rate as that term is defined in Section 2 of P.L. 1971, c. 198 (C. 40A:11-2); and
WHEREAS, the bid threshold for Municipalities with Qualified Purchasing Agents (QPA) is Forty Thousand Dollars and Zero Cents ($40,000.00), as adjusted by the Governor on July 1, 2015; and
WHEREAS, from time to time it becomes necessary to amend the Code of the City of Newark to indicate the automatic adjustment authorized by Ordinance 6S&Fc August 1, 1990.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
[Editor's Note: Additions are shown as underlined and bold. Deletions are shown as strikethroughs].
SECTION 1: Title II, Administration, Chapter 6, Department of Law, Article 2, Corporation Counsel, of the Revised General Ordinances of the City of Newark, New Jersey, 2000, as amended and supplemented, ...
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