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settlement; and WHEREAS, the Township desires to resolve this matter once and for all without any further risk or expense; NOW, BE IT HEREBY RESOLVED, by the Township Council of Township of West Orange that the Township Attorney be and is hereby authorized to resolve any and all claims by Paul Tractenberg and Richard Gutman, Esq. upon payment of $69,500 in full satisfaction upon receipt of general releases from Mr. Tractenberg and Mr. Gutman including a waiver of any and all claims and expenses under any other statute, ordinance, rule or law; and it is further RESOLVED, that the Business Administrator be and is hereby authorized to take such steps and actions as is necessary and appropriate to implement this Resolution. Karen J. Carnevale, Municipal Clerk Sal M. Anderton, Council President Adopted: December 14, 2010