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Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Pre-Litigation Settlement
Docket No.: Not Applicable
Claimant: Blau & Blau Attorneys at Law
Claimant's Attorney: Not Applicable
Settlement Amount: $1,693,961.72
Funding Source: Business Unit: NW045; Account: 94710|Fund: 045| Dept: 18G| Budget Reference: B2018; Project: 18B00 |
Additional Information:
Deferred 7R6-f 031925
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WHEREAS, the City of Newark (the "City") utilized the legal services of Blau & Blau Attorneys at Law, 223 Mountain Avenue, Springfield, New Jersey 07081, for reverse tax appeals; and
WHEREAS, there remains an outstanding balance for the legal services provided to the City; and
WHEREAS, to avoid the costly expense of litigation, the City's Corporation Counsel, on behalf of the City, desires to amicably resolve this matter with payment by the City in exchange for the execution of a Settlement Agreement and Release; and
WHEREAS, a settlement proposal has been made to resolve this pre-litigation matter in its entirety by payment in the total amount of One Million, Six Hundred Ninety- Three, Nine Hundred Sixty-One Dollars and Seventy-Two Cents ($1,693,961.72) ("Settlement Sum") and execution of the Settlement Agreement and Release, in the form attached hereto, as full and complete release of this matter; and
WHEREAS, the Corporation Counsel, based upon all facts and circumstances presented, deems it is in the best interest of the City 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 City of Newark's Corporation Counsel (Corporation Counsel) is hereby authorized on behalf of the City of Newark ("City") to enter into, execute, and accept the terms of the Settlement Agreement and Release, attached hereto.
2. Upon r...
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