Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Settlement of Demand for Payment Docket No.: Pre-Suit Claimant: ParenteBeard, LLC and Ted Felix Claimant's Attorney: None Attorney's Address: 65 Madison Ave., Morristown, NJ 07960 Settlement Amount: $250,000.00 Funding Source: City of Newark/Office of the City Clerk/2011 Budget Additional Comments: Invitation: Corporation Counsel, June 19, 2012