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AN ORDINANCE AUTHORIZING THE ACQUISITION BY THE CITY OF NEWARK, DEPARTMENT OF WATER AND SEWER UTILITIES FROM NEWARK HOUSING AUTHORITY OF THE CITY OF NEWARK, OF CERTAIN REAL PROPERTY AT 19 LOCK STREET AND 21 LOCK STREET, DESIGNATED AS BLOCK 2836, LOT 20 AND BLOCK 2836, LOT 21 ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS PART OF THE DEVELOPMENT AND OPERATION OF A NEW WATER AND SEWER UTILITIES COMPLEX.
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WHEREAS, the Local Lands and Buildings Law, codified at N.J.S.A. 40A:12-1 et seq. (the "Local Lands and Buildings Law"), provides that a municipality may, by ordinance, acquire real property or an interest therein by purchase, gift, devise, lease, exchange or condemnation; and
WHEREAS, the Property, located at 19 Lock Street and 21 Lock Street, designated as Block 2836, Lot 20 and Block 2836, Lot 21 on the Official Tax Map of the City of Newark has been offered for sale by the Newark Housing Authority of the City of Newark (the "Housing Authority"); and
WHEREAS, the City of Newark, Department of Water and Utilities and the Municipal Council have determined that the Property is suitable as part of the development and operation of a new water and sewer utilities complex; and
WHEREAS, pursuant to the Local Lands and Buildings Law, the City has negotiated a Purchase and Sale Agreement with the Housing Authority outlining the terms of the purchase of the Property, as described on the Legal Description set forth in Exhibit A to the Purchase and Sale Agreement, attached hereto as Exhibit "A" and made a part of this Ordinance, for the sum of One Million Eighty Thousand Dollars and Zero Cents ($1,080,000.00.)
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY THAT:
1. Pursuant to the Local Lands and Buildings Law, the City is hereby authorized to acquire property from Newark Housing Authority of the City of Newark, having an address of 500 Mayor Kenneth A. Gibson Blvd., Newark...
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