Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Pre-Litigation Settlement of Civil Litigation
Docket No.: N/A
Claimant: CNA Holdings, LLC, successor to HNA Holdings, Inc., f/k/a Hoechst Celanese Corporation
Claimant's Attorney: John A. King, Esq., Assistant General Counsel
Attorney's Address: Celanese Corporation, 222 W. Las Colinas Boulevard, Suite 900N, Irving, Texas 75039
Settlement Amount: $5,000.000.00
Funding Source: List name(s) and amount(s)
Additional Comments:
Agreement pertaining to the Remediation of Soils at the Ironbound Recreation Football Fields which establishes the obligations between CNA and the City. The City is allocating $5 million to pay for its share of the project costs, and CNA will be responsible for the cost of carrying out and completing its remediation obligations. The City agrees to reimburse CNA for costs incurred over $300,000.00 during the completion of work in the Final Integrated Design stage. Upon completion of CNA's remediation obligations, the City releases CNA, in part.
Invitation: Corporation Counsel, September 26, 2017
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WHEREAS, in the Ironbound Section of Newark, exists a portion of property Block 2052, Lot 1, on the City of Newark tax maps, at the corner of St. Charles and Berlin Streets which is commonly referred to as "A Field" or the Ironbound Recreation Playing Field and Football Field Site. The site encompasses nine (9) acres; and
WHEREAS, "A Field" includes the Ironbound Recreation Football Fields but does not include the Ironbound Recreation Center Skating Rink, Playing Fields, Ironbound Bleachers, or the Ironbound Aquatic Center ("Ironbound Recreation Football Fields" or "Site"); and
WHEREAS, in the early 1900s Celluloid Corporation owned most if not all of Block 2052, Lot 1. In March 1941, the Celluloid Corporation merged with Celanese Corporation of America...
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