Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of a Contract Claim
Docket No.: Pre-Suit
Claimant: Interfaith TV Ministries, Inc.
Claimant's Attorney: None
Attorney's Address: None
Settlement Amount: $59,960.00
Funding Source: City of Newark, Office of the City Clerk
Additional Comments:
Body
WHEREAS, the City of Newark entered into a contract with Interfaith TV Ministries, Inc., 73 Hansbury Avenue, Newark, New Jersey 07112, by Resolution 7R1m, January 20, 2010, for a term of two years, commencing May 1, 2010 and terminating on April 30, 2012, for an amount not to exceed $150,000.00, for Video Production Services; and
WHEREAS, at the request of the City of Newark, Interfaith TV Ministries, Inc., continued to provide video production services beyond the term of the contract, without a new contract or contract amendment; and
WHEREAS, Interfaith TV Ministries, Inc., claims that the services were provided; and
WHEREAS, Interfaith TV Ministries, Inc., claims that the total cost of the additional services provided is $59,960.00; and
WHEREAS, the Director of the Department of Finance has certified that there are adequate, appropriated monies available to pay the outstanding invoices; and
WHEREAS, the parties have agreed to settle the matter for the payment of $59,960.00 (Fifty-nine Thousand Nine Hundred and Sixty Dollars), in one lump sum, in exchange for the execution of a Settlement Agreement and General Release as a full and complete payment-settlement of all of Interfaith TV Ministries, Inc., claims; and
WHEREAS, the within payment-settlement and release does not admit nor should it be construed as an admission of liability or violation of any law, statute or regulation or a breach of any duty by the City of Newark, its agents, officers and/or employees whatsoever and is entered into to resolve this matter and prevent the incurring of additional costs and...
Click here for full text