Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Pre-Litigation Settlement of Civil Claim
Docket No.: Not Applicable
Claimant: Anwanyu and Associates, LLC, 17 Academy Street, Suite 517, Newark, New Jersey 07102
Settlement Amount: $71,192.50
Funding Source: Bond Proceeds
Additional Comments:
body
WHEREAS, from January 2023 to December 2023, the City of Newark ("City") utilized the legal services of Anwanyu & Associates, LLC ("Outside Counsel") to handle the legal aspects of certain economic development matters for the City; and
WHEREAS, the City and Outside Counsel have reached a settlement agreement to resolve the matter of any and all outstanding fees related to the performance of said legal services ("Legal Fees Settlement Agreement"); and
WHEREAS, said agreement entails paying Outside Counsel a total amount of Seventy-One Thousand One Hundred Ninety-Two Dollars and Fifty Cents ($71,192.50) ("Settlement Sum"); and
WHEREAS, the Corporation Counsel deems it is in the best interest of the City to pay the Settlement Sum and to execute the Legal Fees Settlement Agreement.
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 enter into and execute the attached Legal Fees Settlement Agreement.
2. Upon receipt by the Corporation Counsel of all documents deemed necessary by the Corporation Counsel to the effective conclusion of this matter, the Director of the Department of Finance ("Director") shall pay the sum of Seventy-One Thousand One Hundred Ninety-Two Dollars and Fifty Cents ($71,192.50) to Anwanyu & Associates LLC, 17 Academy Street, Suite 517, Newark New Jersey 07102 ("Outside Counsel").
3. A Certification of Funds is not attached to this resolution. US Bank, Trustee for the Mulberry Commons Pedestrian Bridge Bonds ("Bonds"), will pay the Settle...
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