West Orange Township_Fourth Round HEFSP_Final Draft

ESESX L 004697-15 08/03/2020 Pg 3 of 9 Trans ID: LCV20201360647 20 as Intervenors; and West Essex Highlands Condominium Association, Inc. (“Condominium Association”) having participated in certain mediation; and the Township, FSHC and Redwood having agreed upon a form of Settlement Agreement (attached hereto as Exhibit WO-1] and teferred to hereinafter as the “FSHC Settlement Agreement”), which was executed by Adam M. Gordon, Esq. on behalf of FSHC on April 6, 2020 and the Township Council having adopted a resolution on April 14, 2020 (attached hereto as Exhibit WO-3) authorizing the Mayor of West Orange to execute the FSHC Settlement Agreement, which he did on May 6, 2020; and the Township, WEHI and the Condominium Association having entered into a Settlement Agreement on April 23, 2020 (attached hereto as Exhibit WO-2 and referred to hereinafter as the “WEHI Settlement Agreement”), after a resolution authorizing the Mayor to sign the WEHI Settlement Agreement was adopted on April 14, 2020 (attached hereto as Exhibit WO-4); and the Court having scheduled a Fairness Hearing to determine whether or not the settlement agreements are fair and reasonable to low and moderate income households; and the Township having provided proper public and actual notice of the Fairness Hearing; and the Township having filed a Certification of Service, (attached hereto as Exhibit WO-5), to document that proper notice of the Fairness Hearing had been given; and the Special Master having submitted a Teport to the Court on July 6, 2020 (attached hereto as Exhibit WO-6), in which she recommended that the Court approve the FSHC and WEHI Settlement Agreements; and the Fairness Hearing having been held on July 10, 2020, during which Exhibits WO-1 to WO-04, which are attached hereto, were marked into evidence; and the Court having considered the testimony of Shirley Bishop and Wayne DeFeo taken during the Fairness Hearing, as well as the statements of counsel; and the Court having reviewed all of the documents submitted into 4824-7593-1333, v. 1