https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8157728&GUID=7EF4582B-2C2A-474C-8743-C34971A9B3F0Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8157728&GUID=7EF4582B-2C2A-474C-8743-C34971A9B3F07EF4582B-2C2A-474C-8743-C34971A9B3F0-2026-07-31-14-53-34Title: AN ORDINANCE REQUIRING A DEED RESTRICTION TO BE RECORDED UPON THE SALE OF ONE HUNDRED PERCENT (100%) OF THE CITY’S PROPERTY STOCK THAT THE CITY SELLS FOR PURPOSES OF REDEVELOPMENT THAT IS SOLD PRIOR TO THE COMPLETION OF THE PROJECT THEN THE CITY IS ENTITLED TO AN AMOUNT EQUAL TO NINETY PERCENT (90%) OF THE FAIR MARKET VALUE OF THE PROPERTY AT THE TIME THE PROPERTY IS SOLD AND ENSURING THAT ANY PURCHASER OF CITY PROPERTY SOLD FOR THE PURPOSES OF REDEVELOPMENT COMPLIES WITH ANY AND ALL APPLICABLE “BEST EFFORTS” WORKFORCE REQUIREMENTS.Fri, 31 Jul 2026 14:53:34 GMT