Title
Dept/ Agency: Law
Action: (X) Ratifying (X) Authorizing ( ) Amending
Purpose: First Amendment to the Settlement Agreement regarding the remediation of soils at the Ironbound Recreation Football Fields
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: $1,668,000.00
Funding Source: Various CDBG funds - see attached list with funding codes
Additional Comments:
Settlement Agreement and Release was approved by the Municipal Council on September 26, 2017 7R6-b(s/as)
First Amendment to the Agreement regarding the remediation of soils at the Ironbound Recreation Football Fields.
Amending Agreement increases costs associated with the remediation obligations and redevelopment of the fields to include improvements to the bleachers and installation of a press box; additional costs associated with the removal of all soils belonging to or contaminated by the soil stockpiles located on the site at the time the original Agreement was entered on September 26, 2017; and to reimburse CNA for any and all costs over $100,000.00 incurred by CNA during the completion of work described in the Final Integrated Design and Appendix A.
Invitation: Corporation Counsel
body
WHEREAS, on September 26, 2017, the Newark Municipal Council approved the Settlement Agreement and Release regarding an area in the Ironbound Section of Newark, commonly referred to as "A Field" or the Ironbound Recreation Playing Field and Football Field Site; and
WHEREAS, the Newark Municipal Council approved the Settlement Agreement and Release between the Parties on September 26, 2017 regarding the Remediation of Soils at the Ironbound Recreation Football Fields ("the Agreeme...
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