Title
ORDINANCE OF THE CITY OF NEWARK AUTHORIZING THE ACQUISITION BY PURCHASE OR CONDEMNATION OF THE UTILITY EASEMENTS LOCATED ON BLOCK 5001, LOTS 42, 46, AND 50 (THE "EASEMENTS"), WHICH SERVE THE PROPERTY LOCATED AT 70 BLANCHARD STREET, BLOCK 5001, LOT 58, OWNED BY NORPAK CORPORATION, FOR THE PURPOSE OF REDEVELOPMENT IN ACCORDANCE WITH THE LOCAL REDEVELOPMENT AND HOUSING LAW, N.J.S.A. 40A:12A-1 ET SEQ.
Sponsors: Amador/ Gonzalez
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WHEREAS, on March 15, 2006 the City of Newark (City), through the Municipal Council, by Resolution 7Rg, designated Morris Fairmount Associates, LLC ("Redeveloper") as the redeveloper for Block 2438, Lots 74, 76, 78, 82, 84, 85, and 92 (the "Blanchard Street Redevelopment Area") and authorized the City to enter into a Redevelopment Agreement (the "Redevelopment Agreement") with the Redeveloper, which was fully executed by all of the parties on April 11, 2006; and
WHEREAS, on December 17, 2008, by Resolution 7R3-d, the Municipal Council authorized the Planning Board to undertake a preliminary investigation to determine whether Block 5001, Lots 93, 50, 50.01, 49, 48, 46, 42, and 40 and the Blanchard Street Redevelopment Area (collectively referred to as the "Study Area") should be designated as in need of redevelopment; and
WHEREAS, on May 2, 2011, the City's Central Planning Board adopted a resolution that recommended to the City's Municipal Council the Designation of the Study Area as an area in need of redevelopment pursuant to the Local Redevelopment and Housing Law ("LRHL"), N.J.S.A. 40A:12A-1 et seq.; and
WHEREAS, by Resolution 7R3-b, adopted on August 3, 2011, the City's Municipal Council determined that the Study Area qualified as an "area in need of redevelopment" under the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq.; and
WHEREAS, Section 8.1 of the Redevelopment Agreement provides, among other things, that the "Redeveloper shall be required to make good-faith eff...
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