Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application of Grant Funds
Purpose: Remedial Investigation, Remedial Action and report preparation for Newark Riverfront Park as part of the Lister Avenue Brown Development Area project
Entity Name: City of Newark/ Department of Economic and Housing Development
Entity Address: 920 Broad Street, Newark, New Jersey 07102
Grant Amount: $2,465,206.00 for Remedial Action and $147,825.00 for Remedial Investigation
Funding Source: New Jersey Economic Development Authority
Total Project Cost: $5,416,514.00
City Contribution: No municipal funds needed
Other Funding Source/Amount: 25% matching funds from Newark Community Economic Development Corporation
Contract Period: September 1, 2016 through August 31, 2018
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
List of Property:)
(Address/Block/Lot/Ward)
Lister Avenue BDA Project "City Parcels"/Block 2025, Lots 1 and 2/Block 2026, Lots 1, 7, 19 and 22/Block 2028, Lot 1, and Jackson Street Bridge Right of Way (East Ward)
Additional Information:
body
WHEREAS, the Mayor and Municipal Council of the City of Newark, New Jersey recognize that redevelopment of potentially environmentally impaired and economically underutilized properties (i.e., Brownfields) is in the public interest and will contribute to generating new property tax ratables, provide jobs and stimulate cultural and economic health and community; and
WHEREAS, the New Jersey Department of Environmental Protection ("NJDEP") works with selected communities to design and implement coordinated remediation and reuse plans for areas affected by multiple underutilized properties with known or suspected contamination through the Brownfield De...
Click here for full text