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ORDINANCE AMENDING ORDINANCE 6PSF-D, ADOPTED JANUARY 5, 2012, AND AUTHORIZING THE MAYOR AND/OR HIS DESIGNEE, THE DIRECTOR OF THE DEPARTMENT OF POLICE, TO ENTER INTO AND EXECUTE A FIRST AMENDED LEASE AGREEMENT AMENDING THE NAME OF THE LANDLORD FROM EM & D MANAGEMENT LLC, TO TBG COLUMBIA LLC FOR THE LEASE OF THE PREMISES COMMONLY KNOWN AS 750-756 SOUTH ORANGE AVENUE, NEWARK, NEW JERSEY 07106, STORE #756C, BLOCK 4031, LOT 5, AS WELL AS A SUBORDINATION, NONDISTURBANCE, ATTORNMENT AGREEMENT AND ESTOPPLE AGREEMENT FOR THE PERIOD ENDING DECEMBER 31, 2017, TO BE USED AS THE SOUTH ORANGE MINI PRECINCT.
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WHEREAS, on January 5, 2012 the Municipal Council adopted Ordinance 6PSF-d authorizing a lease agreement between EM & D Management, LLC (Landlord) and the City of Newark, Department of Police (Tenant) for the premises located at 750-756 South Orange Avenue, Newark, New Jersey 07106, Store #756C, more commonly known as Block 4031, Lot 5 (the "Demised Premises"), pursuant to N.J.S.A. 40:60-25.51, for a five year term beginning on January 1, 2012 and ending on December 31, 2016, to be used as the South Orange Mini Precinct (the "Lease Agreement"); and
WHEREAS, on October 6, 2014 the Landlord advised the Tenant that it sold the above premises to TBG Columbia LLC, a New Jersey Limited Liability company with an address at 25-27 Washington Street, West Orange, New Jersey 07052, as evidenced by a deed recorded with the Essex County Register's Office on July 30, 2014 in Book 12507, Page 1859 (a copy of the recorded deed is attached hereto and made a part of this resolution); and
WHEREAS, on November 11, 2014, the Landlord further provided the Tenant with a copy of an assignment agreement, dated July 16, 2014, whereby the Landlord assigned to TBG Columbia LLC all of its rights, title, interest and estate in and to the Lease Agreement, requesting that the City amend the Lease Agreement to change the name of the Landlord from EM & D Management...
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