Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Pre-Litigation Settlement Docket No.: N/A Other Party: Consolidated Rail Corporation Other Party’s Attorney: McCarter & English Attorney's Address: 100 Mulberry Street, Four Gateway Center, Newark, New Jersey 07102 Settlement Amount: $2,410,154.63 Funding Source: N/A Additional Comments: Conrail is paying the City of Newark back Payroll Taxes Invitation: Business Administrator, Director of Finance, Corporation Counsel