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AN ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO EXECUTE THE SALE AND TRANSFER OF THE CITY OF NEWARK PROPERTIES IDENTIFIED ON EXHIBIT A PURSUANT TO AN AGREEMENT FOR SALE AND REDEVELOPMENT OF LAND.
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WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq., as amended and supplemented (the "Act"), authorizes municipalities to participate in the redevelopment and improvement of areas that are in need of redevelopment or rehabilitation; and
WHEREAS, in order to stimulate the reinvigoration of the City of Newark (the "City"), by Resolution 7Rdo(AS) adopted by the Municipal Council on June 15, 2005, the entire City was designated as an area in need of rehabilitation pursuant to the Act; and
WHEREAS, the Municipal Council then approved the following redevelopment plans, as amended, for the five (5) Wards within the City (collectively, the "Redevelopment Plans"):
* Ordinance 6S&Fa(S) August 17, 2005 Third Amendment to the North Ward Redevelopment Plan;
* Ordinance 6S&Fe September 21, 2005 First Amendment to the East Ward Redevelopment Plan;
* Ordinance 6S&Fc(S) August 17, 2005 Second Amendment to the West Ward Redevelopment Plan;
* Ordinance 6S&Fd(S) August 17, 2005 Third Amendment to the South Ward Redevelopment Plan; and
* Ordinance 6S&Fe(S) August 17, 2005 First Amendment to the Central Ward Redevelopment Plan.
WHEREAS, said Redevelopment Plans comply with the requirements of all applicable State and Federal statutes and the regulations promulgated thereunder; and
WHEREAS, pursuant to N.J.S.A. 40A: 12A-8(f), the City is authorized to arrange or contract with redevelopers for the planning, re-planning, construction or undertaking of any redevelopment project; and
WHEREAS, on October 27, 2023, the City of Newark issued an Open-ended Solicitation (the "Solicitation"), seeking individuals, experienced contra...
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