Title
Dept/ Agency: Economic and Housing Development Department
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Redevelopment Agreement
Purpose: Authorize Execution of First Amendment of the Agreement for the Sale and Redevelopment of Land Between the City of Newark and BES Homes, LLC
Entity Name: BES Homes, LLC
Entity Address: 103 Magazine Street, Newark, New Jersey 07105
Contract Amount: N/A
Funding Source:
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property:
(Address/Block/Lot/Ward)
10 Brinsmaid Place/Block 2484/Lot 52/East Ward
14 Brinsmaid Place/Block 2484/lot 52.01/East Ward
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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, by Resolution 7RDO(AS) adopted by the Municipal Council on June 15, 2005, the entire City of Newark was designated as an area in need of rehabilitation pursuant to the Act; and
WHEREAS, the Municipal Council of the City of Newark (the "Municipal Council") approved the following redevelopment plans, as amended, for the five (5) wards within the City (collectively, the "Redevelopment Plans"); and
* Ordinance 6S&FA(s) 081705 Third Amendment to the North Ward Redevelopment Plan;
* Ordinance 6S&FE 092105 First Amendment to the East Ward Redevelopment Plan;
* Ordinance 6S&FC(s) 081705 Second Amendment to the West Ward Redevelopment Plan;
* Ordinance 6S&FD(s) 081705 Third Amendment to the South Ward Redevelopment Plan;
* Ordinance 6S&FE(s) 081715 First Amendment to the Central Ward Redevelopment Plan. ...
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