Title
ORDINANCE AUTHORIZING THE VACATION OF EXISTING UTILITY EASEMENT LOCATED ON BLOCK 17, LOT 1.02 CITY OF NEWARK, ESSEX COUNTY, NEW JERSEY
body
WHEREAS, The New Jersey Performing Arts Corporation ("NJPAC") is the owner of real property designated as Land Unit 1 on Block 17, Lot 1.02 (the "NJPAC Property") which is more particularly described on Exhibit "A1" to the Permanent Access and Utility Easement and Dedication of Public Utility Agreement (the "Easement Agreement"), attached hereto as "Exhibit A" and made a part of this Ordinance; and
WHEREAS, NJPAC TSD 1 LLC ("NJPAC TSD") is the owner of real property designated as Land Unit 2 and Land Unit 4 on Block 17, Lot 1.02 (the "Artside Property") which is more particularly described on Exhibit "A2" to the Easement Agreement; and
WHEREAS, NJPAC TSD is the owner of real property designated as Land Unit 3 on Block 17, Lot 1.02 (the "NJPAC TSD Property") which is more particularly described on Exhibit "A3" to the Easement Agreement; and
WHEREAS, Center Street Condominium Associates, Inc., is granted certain rights and charged with certain obligations with respect to certain real property designated as Common Elements on Block 17, Lot 1.02 (the "Land Condominium Common Property", and together with the NJPAC Property, the Artside Property and the NJPAC TSD Property, the "Property"), as described in the Easement Agreement; and
WHEREAS, NJPAC plans to develop a mixed use commercial/residential development and associated parking and other improvements, on the NJPAC Property (the "NJPAC Project"); and
WHEREAS, NJPAC TSD and Center Street Owners Urban Renewal LLC ("CSOUR") plan to develop a mixed use commercial/residential development and associated parking and other improvements on the Artside Property (the "Artside Project"); and
WHEREAS, NJPAC TSD, through an affiliate, plans to develop a mixed-use residential development and associa...
Click here for full text