Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Settlement of Civil Litigation Docket No.: ESX-L-5283-15 Claimant: Penn Ave Urban Renewal, LLC. Claimant's Attorney: Timothy J. Dehaut, Esq. Attorney's Address: Giordano, Halleran & Ciesla, P.C. 125 Half Mile Road, Suite 300, Red Bank, New Jersey 07701-6777 Settlement Amount: $550,000.00 Funding Source: Department of Water and Sewer Utilities Budget Additional Comments: The Settlement Amount will be paid in three (3) equal installments from 2018 through 2020. Invitation: Acting Corporation Counsel