Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Pre-Litigation Settlement of Civil Litigation 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: $5,000.000.00 Funding Source: List name(s) and amount(s) Additional Comments: Agreement pertaining to the Remediation of Soils at the Ironbound Recreation Football Fields which establishes the obligations between CNA and the City. The City is allocating $5 million to pay for its share of the project costs, and CNA will be responsible for the cost of carrying out and completing its remediation obligations. The City agrees to reimburse CNA for costs incurred over $300,000.00 during the completion of work in the Final Integrated Design stage. Upon completion of CNA’s remediation obligations, the City releases CNA, in part. Invitation: Corporation Counsel, September 26, 2017