Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Pre-Litigation Settlement of Civil Claim
Claimant: Schenck Price Smith and King, LLP
220 Park Avenue, Florham Park, New Jersey 07932
Settlement Amount: $189,000.00
Funding Source: Fund 025, Dept ID 25T, Division 5T25, Account 96320, Bud Ref B2025
Additional Information:
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WHEREAS, from January 1, 2024 through December 31, 2024, the City of Newark (the "City") utilized the legal services of Schenck Price Smith and King, LLP as Litigation Defense Counsel and Environmental Counsel; and
WHEREAS, there remains an outstanding balance for the legal services provided to the City of Newark from January 1, 2024 through and including December 31, 2024; and
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 Plaintiff's execution of the Settlement Agreement and Release (attached) as a full and complete release of the matter; and
WHEREAS, a settlement proposal has been made to resolve this claim by payment in the total amount of One Hundred Eighty-Nine Thousand Dollars and Zero Cents ($189,000.00) ("Settlement Sum"), and execution of a Settlement Agreement and Release; and
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
NOW, THEREFORE, BE IT RESOLVED BY 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, 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...
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