File #: 10-1752    Version: 1 Name:
Type: Resolution Status: Filed
File created: 1/4/2011 In control: Law
On agenda: 1/5/2011 Final action: 1/5/2011
Title: Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Amending Resolution #7R7-d 061710, Settlement Agreement Purpose: Allow payment to the City of Newark for Supplemental billing for the years 2005 thru 2009; 15% annual service charge on the utility surcharges that the Entity Collected in 2009; and 2009 additional services charges Entity Name: High Park Gardens Cooperative Corp. Entity Address: 108 Spruce Street, Newark, NJ 07108 Settlement Amount: $235,558.27 Minus $23,555.52 Already received by the City of Newark for a total settlement amount of: $212,002.75 Funding Source: High Park Gardens Cooperative Corp. Payment Period: Over Five (5) years in 20 equal quarterly installments in the amount of $10,600.00 no later than the 10th day of each month to commence on February 1, 2011 and end on February 1, 2016. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contr...
Related files: 10-0874, 2000-3008, 1982-0115
Title
Dept/ Agency: Law
Action:  (   ) Ratifying     (X) Authorizing     (X) Amending
Type of Service:  Amending Resolution #7R7-d 061710, Settlement Agreement
Purpose: Allow payment to the City of Newark for Supplemental billing for the years 2005 thru 2009; 15% annual service charge on the utility surcharges that the Entity Collected in 2009; and 2009 additional services charges
Entity Name:  High Park Gardens Cooperative Corp.
Entity Address:  108 Spruce Street, Newark, NJ 07108
Settlement Amount: $235,558.27 Minus $23,555.52 Already received by the City of Newark for a total settlement amount of: $212,002.75
Funding Source: High Park Gardens Cooperative Corp.
Payment Period:  Over Five (5) years in 20 equal quarterly installments in the amount of $10,600.00 no later than the 10th day of each month to commence on February 1, 2011 and end on February 1, 2016.  
Contract Basis: (   ) Bid   (   ) State Vendor   (   ) Prof.  Ser.   (   ) EUS   
(   ) Fair & Open   (   ) No Reportable Contributions   (   ) RFP   (   ) RFQ
(   ) Private Sale   (   ) Grant   (   ) Sub-recipient   (X) n/a
Additional Information:  N/A