Title
ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE BOARD OF EDUCATION OF THE CITY OF NEWARK, ALSO KNOWN AS NEWARK PUBLIC SCHOOLS (LANDLORD), AND THE CITY OF NEWARK, DEPARTMENT OF PUBLIC SAFETY, DIVISION OF POLICE (TENANT), TO LEASE A PORTION OF THE PROPERTY COMMONLY KNOWN AS 516-566 ROSEVILLE AVENUE, NEWARK, NEW JERSEY 07107 (NORTH WARD), BLOCK 591, LOT 1, ALONG WITH ADJACENT PARKING SPACE, FOR USE AS A POLICE PRECINCT, PURSUANT TO N.J.S.A. 40:60-25.51, FOR A TERM OF TWO YEARS COMMENCING ON JULY 1, 2018 AND TERMINATING ON JUNE 30, 2020, WITH AN OPTION TO RENEW FOR ONE PERIOD OF TWO YEARS, FOR THE ANNUAL RENTAL SUM OF $12.00, PLUS THE COSTS OF UTILITIES.
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WHEREAS, the City of Newark, Department of Public Safety, a non-profit corporation of the State of New Jersey, has tax exempt status with respect to the State of New Jersey and the federal government; and
WHEREAS, The Board of Education of the City of Newark, a/k/a Newark Public Schools (Landlord) owns the property located at 516-566 Roseville Avenue, Newark New Jersey, 07107, more commonly known as Block 591, Lot 1 on the Official Tax Map of the City of Newark (the "Property"); and
WHEREAS, the City of Newark Department of Public Safety, (Tenant), wishes to enter into a Lease Agreement with the Board of Education of the City of Newark a/k/a Newark Public Schools (Landlord), to lease approximately Nine Thousand, (9,000) square feet of the Property, as more further described on Exhibit A to the Lease Agreement, attached hereto and made a part of this Ordinance, along with adjacent parking space, for use as a police precinct, pursuant to N.J.S.A. 40:60-25.51, for a period of two years commencing on July 1, 2018 and terminating on June 30, 2020, with the option to renew for one (1) period of two (2) years, for the annual rental sum of $12.00, plus the costs of utilities.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JER...
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