City of Newark - File #: 14-0890

• File #: 14-0890
• Version: 2
• Name: Ordinance: Hispanic American Chamber of Commerce of the Essex County Foundation, Inc., (2014-2015)
• Type: Ordinance
• Status: Filed
• File created: 6/13/2014
• In control: Economic and Housing Development
• On agenda: 1/21/2015
• Final action: 3/18/2015
• Title: ORDINANCE RATIFYING AND AUTHORIZING THE DIRECTOR OF THE DEPARTMENT OF ECONOMIC & HOUSING DEVELOPMENT ON BEHALF OF THE CITY OF NEWARK (LESSOR) TO ENTER INTO AND EXECUTE A LEASE AGREEMENT WITH THE HISPANIC AMERICAN CHAMBER OF COMMERCE OF ESSEX COUNTY FOUNDATION, INC., (LESSEE) FOR THE PROPERTY LOCATED AT 195-205 BLOOMFIELD AVENUE, NEWARK, NEW JERSEY 07104, (BLOCK 536, LOT 1), FOR A PERIOD OF ONE (1) YEAR COMMENCING AUGUST 1, 2014 THROUGH JULY 31, 2015, WITH FIVE (5) ONE (1) YEAR OPTIONS TO RENEW, SUBJECT TO MUNICIPAL COUNCIL APPROVAL. Sponsors: Ramos/ Gonzalez Deferred 6PSF-a 021815
• Sponsors: Anibal Ramos, Jr., Carlos M. Gonzalez

Date	Ver.	Action By	Action	Result
3/18/2015	2	Municipal Council	Close on Public Hearing and Adopt	Pass
3/4/2015	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
2/18/2015	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
2/4/2015	2	Municipal Council	Adopt on First Reading	Pass
1/21/2015	2	Municipal Council	Advance to First Reading	Pass

Title
ORDINANCE RATIFYING AND AUTHORIZING THE DIRECTOR OF THE DEPARTMENT OF ECONOMIC & HOUSING DEVELOPMENT ON BEHALF OF THE CITY OF NEWARK (LESSOR) TO ENTER INTO AND EXECUTE A LEASE AGREEMENT WITH THE HISPANIC AMERICAN CHAMBER OF COMMERCE OF ESSEX COUNTY FOUNDATION, INC., (LESSEE) FOR THE PROPERTY LOCATED AT 195-205 BLOOMFIELD AVENUE, NEWARK, NEW JERSEY 07104, (BLOCK 536, LOT 1), FOR A PERIOD OF ONE (1) YEAR COMMENCING AUGUST 1, 2014 THROUGH JULY 31, 2015, WITH FIVE (5) ONE (1) YEAR OPTIONS TO RENEW, SUBJECT TO MUNICIPAL COUNCIL APPROVAL.
Sponsors: Ramos/ Gonzalez
Deferred 6PSF-a 021815

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WHEREAS, the City of Newark (the "Lessor") owns the premises commonly known as 195-201 Bloomfield Avenue, Newark, New Jersey 07104 (Block 536, Lot 1) on the Official Tax Map of the City of Newark, New Jersey; and

WHEREAS, the Hispanic American Chamber of Commerce of Essex County Foundation, Inc. (the "Lessee"), a non-profit corporation of the State of New Jersey with tax exempt status with both the State of New Jersey and Federal Government, is serving a public purpose and qualifies, pursuant to N.J.S.A. 40A: 12-14 (c), to enter into a lease agreement with the City of Newark for nominal consideration; and

WHEREAS, the Lessee desires to enter into a lease agreement with the Lessor, for a period commencing August 1, 2014 through July 31, 2015 (the "Initial Term"), with five (5) one (1) year options to renew (the "Optional Period"), subject to Municipal Council approval, for nominal consideration in accordance with the terms and conditions of the lease agreement, (attached hereto and made a part hereof); and

WHEREAS, the aforesaid premise is not currently needed for use by the Lessor; and

WHEREAS, the leasing of the aforesaid premise is governed by the provisions of the Local Lands and Building Law, N.J.S.A. 40A:12-14 (c); and

WHEREAS, the Lessee shall perform all necessary capital improvements to the property to a co...