Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Newark Housing Authority Settlement for unpaid Water and Sewer charges.
Entity Name: Newark Housing Authority (NHA)
Entity Address: 500 Broad Street, Newark, New Jersey 07102
Settlement Amount: Assessment value of $12,650,000.00
Additional Comments: NHA will be deeding land to the City of Newark in lieu of its past due balance as of September 30, 2021.
List of Property:
(Address/Block/Lot/Ward)
39-83 Ludlow Street/Block 3764/Lot 1.02
203-221 Central Avenue/Block 2835/Lot 11
24-38 Lock Street/Block 2835/Lot 14
11-21 Hoyt Street/ Block 2835/Lot 17-20
64-68 Sussex Avenue/ Block 2835/Lot 23
39-83 Ludlow Street/ Block 3764/Lot 1.02
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WHEREAS, Newark Housing Authority (NHA) was created by an ordinance of the City of Newark (the "City"), duly adopted by the Municipal Council on March 23, 1938, as a public body corporate and politic of the State of New Jersey, in order to develop and operate public housing projects of the City; and
WHEREAS, a dispute arose between NHA and the City regarding amounts due from NHA to the City for water and sewer service to over (200) properties within the City of Newark owned by the NHA, and after significant analysis and discussion the Parties have stipulated that NHA is indebted to the City in the amount of $11,327,140.08, representing the actual water and sewer balances, exclusive of all interest, fees and estimated amounts, accrued as of September 30, 2021 (the "NHA Debt"); and
WHEREAS, NHA Debt is the indebted amount NHA owes to the City in the amount of $11,327,140.08, representing the actual water and sewer balances, exclusive of all interest, fees and estimated amounts, accrued as of September 30, 2021; and
WHEREAS, the Newark Housing Authority Board of Commissioners adopted that certain Resolution of the Housing Authority of the City of Newark, Resolu...
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