Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Agreement with Government Entity Purpose: Authorizing Execution of a Settlement Agreement with New Jersey Department of Environmental Protection (“NJDEP”) to Satisfy Liens for Environmental Cleanup Costs Incurred by NJDEP at Former White Chemical Site Entity Name: New Jersey Department of Environmental Protection Entity Address: 401 East State Street, Trenton, NJ 08625 Contract Amount: $725,000.00 Funding Source: Portion of Proceeds from Sale of Block 3782, Lot 109 to 3-J’s Development Group. LLC (“Redeveloper”) Contract Period: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (Address/Block/Lot/Ward) 646-696 Frelinghuysen Avenue Rear/Block 3782/Lot 109/South Ward Additional Information: This legislation is related to 7R2-c, adopted April 4, 2018, which is the Original Redevelopment Agreement with Redeveloper, Legistar [18-1504], which is the Interim Redevelopment Agreement with Redeveloper, and 7R2-f (s/as), adopted September 25, 2018, which is a Release and Waiver of Lien Agreement between the City and the United States Environmental Protection Agency.