File #: 20-1593    Version: 1 Name: Holiday Inn Newark International Airport North Lease Agreement
Type: Ordinance Status: Adopted
File created: 12/7/2020 In control: Economic and Housing Development
On agenda: 12/29/2020 Final action: 1/12/2021
Title: AN ORDINANCE RATIFYING AND AUTHORIZING THE MAYOR AND/OR HIS DESIGNEE, THE BUSINESS ADMINISTRATOR, TO ENTER INTO AND EXECUTE A LEASE AGREEMENT WITH AIRPORT HOTEL NORTH, LLC d/b/a HOLIDAY INN NEWARK INTERNATIONAL AIRPORT NORTH, FOR THE PROPERTY LOCATED AT 160 FRONTAGE ROAD, NEWARK, NEW JERSEY 07114, BLOCK 5088, LOT 172 AND 174 FOR THE PERIOD COMMENCING ON NOVEMBER 3, 2020, AND TERMINATING ON SEPTEMBER 30, 2021, FOR A TOTAL RENT AND ADDITIONAL RENT IN AN AMOUNT NOT TO EXCEED $3,135,050.00 FOR HOUSING FOR THE HOMELESS TO COMBAT COVID-19 PUBLIC HEALTH EMERGENCY. (EAST WARD) Deferred 6PSF-d 010621
Sponsors: Council of the Whole
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
1/12/20211 Municipal Council Close on Public Hearing and AdoptPass Action details Meeting details Video Video
1/6/20211 Municipal Council Maintained on Public Hearing and Deferred to Special MeetingPass Action details Meeting details Video Video
12/29/20201 Municipal Council Advance and Adopt on First Reading as 6F-Pass Action details Meeting details Video Video
Title
AN ORDINANCE RATIFYING AND AUTHORIZING THE MAYOR AND/OR HIS DESIGNEE, THE BUSINESS ADMINISTRATOR, TO ENTER INTO AND EXECUTE A LEASE AGREEMENT WITH AIRPORT HOTEL NORTH, LLC d/b/a HOLIDAY INN NEWARK INTERNATIONAL AIRPORT NORTH, FOR THE PROPERTY LOCATED AT 160 FRONTAGE ROAD, NEWARK, NEW JERSEY 07114, BLOCK 5088, LOT 172 AND 174 FOR THE PERIOD COMMENCING ON NOVEMBER 3, 2020, AND TERMINATING ON SEPTEMBER 30, 2021, FOR A TOTAL RENT AND ADDITIONAL RENT IN AN AMOUNT NOT TO EXCEED $3,135,050.00 FOR HOUSING FOR THE HOMELESS TO COMBAT COVID-19 PUBLIC HEALTH EMERGENCY. (EAST WARD)
Deferred 6PSF-d 010621

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WHEREAS, the Landlord is the owner in fee simple of the land located at 160 Frontage Road, Newark, New Jersey 07114 (the "Land") and improvements, consisting of 409 hotel rooms within a ten (10) story hotel building, located at 160 Frontage Road, Newark, New Jersey 07114, as more particularly described as Block 5088, Lot 172 and174 on the Official Tax Map of the City of Newark, County of Essex, State of New Jersey (herein referred to as the "Building"); and

WHEREAS, pursuant to Executive Order 103, Governor Philip D. Murphy declared the existence of a Public Health Emergency ("Health Emergency"), pursuant to the Emergency Health Powers Act, N.J.S.A. 26:13-1, et. seq. (the "Act"), and a State Emergency, pursuant to the Disaster Control Act, in the State of New Jersey for the pandemic caused by COVID-19, a novel coronavirus first identified in China, which has spread to multiple countries worldwide, including the United States, has been the cause of hundreds of deaths and is rapidly spreading in New Jersey; and

WHEREAS, pursuant to Executive Order 103, the spread of COVID-19 within New Jersey constitutes an imminent public health hazard that threatens and presently endangers the health, safety, and welfare of the residents of several municipalities and counties in the State of New Jersey, including Essex County and the City of Newark; and

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