Title
AN ORDINANCE AUTHORIZING THE MAYOR OF THE CITY OF NEWARK, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO EXECUTE A RELEASE OF DEED RESTRICTION AND RIGHT OF REVERTER AND QUITCLAIM DEED, TO BE RECORDED, FOR THE PROPERTY LOCATED AT 8 MURRAY STREET, KNOWN ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2819, LOT 21, AS IT PERTAINS TO THE CITY OF NEWARK'S SALE OF THE PROPERTY TO ST. LUKE COMMUNITY MULTI-PURPOSE OUTREACH CENTER, INC., AUTHORIZED BY ORDINANCE 6S&Fd, ADOPTED ON JANUARY 4, 2006.
body
WHEREAS, in order to stimulate the reinvigoration of the City of Newark (the "City") , the Municipal Council by Resolution 7Rdo(A.S.) adopted on June 15, 2005, designated the entire City of Newark as an area in need of rehabilitation pursuant to the to the Local Redevelopment and Housing Law N.J.S.A. 40A: 12A-1, et seq. (the "Act"); and
WHEREAS, by Ordinance 6S&Fd, adopted on January 4, 2006 (the "Ordinance") the Municipal Council authorized the Mayor of the City of Newark and the Deputy Mayor/Director of the Department of Economic and Housing Development to enter into and execute a contract for the Private Sale of Land for Redevelopment (Nominal Consideration) (the "Contract") with St. Luke Community Multi-Purpose Outreach Center Inc., a duly incorporated nonprofit organization of the State of New Jersey (the "St. Luke Outreach Center"), subject to the provisions of the "Nominal Sale" statute as set forth in N.J.S.A. 40A:12-21(k), for the property located at 8 Murray Street, also referred to as Block 2819, Lot 21 (the "Restricted Property"); and
WHEREAS, the Contract was fully executed on or about March 1, 2006, and the Restricted Property was subsequently transferred to St. Luke Outreach Center subject to certain terms and restrictions; and
WHEREAS, the Ordinance, Contract, and Deed contained restrictions affecting the use of the Restricted Property, which required S...
Click here for full text