File #: 10-1503    Version: Name:
Type: Resolution Status: Adopted
File created: 10/25/2010 In control: Law
On agenda: 10/26/2010 Final action: 10/26/2010
Title: Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Agreement regarding rights and obligations concerning environmental contamination Purpose: Apportion of moneys recovered from third party for property at 41-63 McClellan St. and 55 Virginia St. Entity Name: Virginia Street Fidelco, LLC., as assignee of McClellan Street Urban Renewal, LLC. Funding Source: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) Other Apportion Agreement Address/Block/Lot/Ward 41-63 McClellan Street and 55 Virginia Street/3773/15,41,43,53/SW Additional Information: This matter involves prior sale/redevelopment agreement with McClellan St. Urban Renewal, LLC for $450,000.00 and subsequent settlement of law suit captioned McClellan Street Urban Renewal, LLC v. City of Newark et al., Docke...
Title
Dept/ Agency:  Law
Action:  (   ) Ratifying     (X) Authorizing     (  ) Amending
Type of Service:  Agreement regarding rights and obligations concerning environmental contamination
Purpose:  Apportion of moneys recovered from third party for property at 41-63 McClellan St. and 55 Virginia St.
Entity Name:  Virginia Street Fidelco, LLC., as assignee of McClellan Street Urban Renewal, LLC.
Funding Source:  N/A
Contract Basis: (   ) Bid   (   ) State Vendor   (   ) Prof.  Ser.   (   ) EUS   
(   ) Fair & Open   (   ) No Reportable Contributions   (   ) RFP   (   ) RFQ
(   ) Private Sale   (   ) Grant   (   ) Sub-recipient   (X) Other  Apportion Agreement
Address/Block/Lot/Ward
41-63 McClellan Street and 55 Virginia Street/3773/15,41,43,53/SW
Additional Information:
This matter involves prior sale/redevelopment agreement with McClellan St. Urban Renewal, LLC for $450,000.00 and subsequent settlement of law suit captioned McClellan Street Urban Renewal, LLC v. City of Newark et al., Docket No., ESX-L 1761-02 (Resolution 7R3-F, 070208)