Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Accepting Funds - Settlement of Civil Litigation Docket No.: ESX-L-007632-21 Claimant: City of Newark Claimant's Attorney: Schenck, Price, Smith & King, LLP, 220 Park Avenue, PO Box 991, Florham Park, New Jersey 07932 Settlement Amount: $1,250,000.00 Funding Source: City of Newark, Department of Engineering Additional Information: Contract #07-2014 Hayes Park East Improvements, 608-630 Ferry Street, Newark, New Jersey 07105, Resolution 7R4-C adopted April 1, 2015, Amended Resolution adopted on March 1, 2017 and October 4, 2017 authorizing extensions of Contract Resolution 7R3-A (A.S.). There is no additional cost to the City of Newark.