Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Execute Deed Notice for Block 614, Lot 67
Purpose: Authorizing Execution and Recordation of Deed Notice in Connection with Certain Remediation Conducted by Honeywell at City-Owned Property in the Riverside Industrial Park Superfund Site
Location of Property: (Address/Block/Lot/Ward)
1682-1690 McCarter Highway/Block 614/Lot 67/North Ward
Additional Information:
body
WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., as amended and supplemented (the "LRHL" or "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 (A.S.) 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, by Ordinance 6SFa (S) dated August 17, 2005, the Municipal Council of the City of Newark (the "Municipal Council") adopted "An Ordinance Amending Ordinance 6SFd Dated June 6, 2002, To Approve The Third Amendment To The North Ward Redevelopment Plan And The Feasibility of Relocation For Various City Owned Parcels Located Throughout The Entire North Ward" (the "Redevelopment Plan"), which provided for the facilitation of the redevelopment of certain City-owned parcels in the North Ward for residential, commercial, and industrial use; and
WHEREAS, said Redevelopment Plan complies with the requirements of all applicable State and Federal statutes and regulations promulgated thereunder; and is applicable to the development and redevelopment of City-owned properties; 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, replanning, constructio...
Click here for full text