Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: Pre-Suit
Claimant: Tricon Enterprises, Inc.
Claimant's Attorney: None
Attorney's Address: 322 Beers Street, Keyport, NJ 07735
Settlement Amount: $35,000.00
Funding Source: City of Newark/Office of the City Clerk/2011 Budget
Additional Comments:
Invitation: Corporation Counsel, March 20, 2012 (date to be entered by Clerk’s Office)
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WHEREAS, the City of Newark, Department of Neighborhood & Recreational Services, Division of Demolition, was in need of demolition and related cleanup services and subsequently sought quotations in January 2011 from various vendors, including Tricon Enterprises, Inc., 322 Beers Street, Keyport, NJ 07735, for the demolition of the interior of the City of Newark Archives Building, located at 295 Halsey Street, Newark, NJ; and
WHEREAS, the Division of Demolition subsequently authorized Tricon Enterprises, Inc., which submitted the lowest quotation, to proceed with that work without a contract having been awarded by the Municipal Council as required by the procurement requirements of the Local Public Contracts Law pursuant to N.J.S.A. 40A:11-1 et seq.; and
WHEREAS, Tricon Enterprises, Inc. performed the work, and submitted application for payment in the amount of $35,000.00; and
WHEREAS, the Director of the Department of Neighborhood and Recreational Services, recommends to Corporation Counsel that the Municipal Council should approve payment to Tricon Enterprises, Inc., in the amount of $35,000.00, for work performed by the vendor at the request of the City of Newark; and
WHEREAS, Tricon Enterprises, Inc. has agreed to settle the demand for the payment of $35,000.00 in one lump sum in exchange for the execution of a Settlement Agreement and General Release as a full and complete settlement of all of Tricon ...
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