Title?
Dept/ Agency:? Law?
Action:? (?? ) Ratifying???? (X) Authorizing???? (?? ) Amending?
Purpose:? Settlement of Professional Services
Claimant: Big Apple Elevator Service & Consulting LLC
Settlement Amount: $82,897.50
Funding Source: Fund 011, Dept ID 066, Division 0665, Account 71560, Bud Ref B2025?
Additional Information:?????????????????????????????????????????????
body?
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WHEREAS, from August 1, 2022 through December 31, 2022, the City of Newark (the "City") utilized the professional services of Big Apple Elevator Service & Consulting LLC; and?
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WHEREAS, there remains an outstanding balance for the professional services provided to the City of Newark from August 1, 2022 through and including December 31, 2022; and?
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WHEREAS, to avoid the costly expense of litigation, the Parties and the City's Corporation Counsel desire to amicably resolve this matter with payment by the City of the Settlement Sum, in exchange for the execution of the Settlement Agreement and Release (attached) as a full and complete release of the matter; and
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WHEREAS, a settlement proposal has been made to resolve this claim by payment in the total amount of Eight Thousand Eight Hundred Ninety-Seven Dollars and Fifty Cents ($82,897.50) ("Settlement Sum"), and execution of a Settlement Agreement and Release; and?
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WHEREAS, the Corporation Counsel, based upon all facts and circumstances surrounding the matter, deems it is in the best interest of the City to resolve this matter by payment in the amount set forth above; and?
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NOW, THEREFORE, BE IT RESOLVED BY MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:?
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1. The Corporation Counsel is hereby authorized on behalf of the City of Newark to enter into, execute and accept the terms of the Settlement Agreement and Release, attached hereto.??
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2. Upon receipt by the Corporation Counsel of all documents deemed necessary, the Director of Finance i...
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