Title
[Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: ESX-L-7617-13
Claimant: Matrix/Newark City Dock, LLC
Claimant's Attorney: Chiesa Shahinian & Giantomasi, PC
Attorney's Address: One Boland Drive, West Orange, New Jersey 07052
Settlement Amount: N/A
Funding Source: No Funding Required
Additional Comments:
This settlement reinstates the Newark Plaza N.J.R-58 Urban Renewal Plan of the City of Newark as applies to the properties designated as Block 128, Lot 1.01; Block 128.01, Lot 1.03; Block 130, Lots 1 and 12; Block 133, Lot 1; Block 134, Lot 10; and Block 136, Lots 63.01, 63.02, and 63.03 ("Property") and reaffirms application of the development regulations set forth in the Urban Renewal Plan to the property.
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WHEREAS, on August 7, 2013, the City Council adopted Ordinance 6PSF-I entitled "Ordinance Adopting Newark's River: Public Access & Redevelopment Plan ('Redevelopment Plan') In Order To: (I) Provide Appropriate Land Use Regulations To Redevelop Newark's Riverfront; (II) Amend Zoning To Support Riverfront Redevelopment Including Housing, Offices, Retail, Industry, And Open Space; (III) Connect Existing Neighborhoods To The Riverfront Through Harmonious And Walkable Development; (IV) Provide Design Guidance To Protect View Corridors And Create Appropriate Setbacks From The River's Edge; And (V) Ensure Inclusion Of Public Access To, Along, And Onto The River In All Redevelopment Projects In Order To Implement The Public Trust Doctrine;" and
WHEREAS, the Public Access & Redevelopment Plan, in effect, provides the zoning requirements for development of certain properties located along Newark's Riverfront; and
WHEREAS, Matrix/Newark City Dock, LLC ("Matrix") owns several properties which are subject to the Public Access & Redevelopment Plan; and
WHEREAS, on or about September 27, 2013,...
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