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AN ORDINANCE AUTHORIZING A CONTRACT FOR SALE OF REAL ESTATE TO BRANDYWINE ACQUISITION AND DEVELOPMENT, LLC, AS THE DESIGNATED REDEVELOPER OF BLOCK 2711, LOTS 1, 3, 4, 6, 7, 8, 11, 53, 54 AND 56 FOR THE AMOUNT OF $264,100.00, FOR THE REDEVELOPMENT OF THE EVIDENCE STORAGE FACILITY SITE FOR THE CITY OF NEWARK LOCATED WITHIN THE SOUTH BERGEN STREET REDEVELOPMENT PLAN AREA. (SOUTH WARD)
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WHEREAS, on June 15, 2005, pursuant to Resolution 7Rdo(AS), adopted by the Municipal Council, the entire City of Newark (the "City") was designated an "area in need of rehabilitation" as defined by the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq., including the lots located at 775 Bergen Street, 779-781 Bergen Street, 783 Bergen Street, 785 Bergen Street, 787-791 Bergen Street, 793 Bergen Street, 178 W. Runyon Street, 174-176 W. Runyon Street and 172 W. Runyon Street, also known as Block 2711, Lots 1, 3, 4, 6, 7, 8, 11, 53, 54 and 56 on the Official Tax Map of the City of Newark (the "Property"); and
WHEREAS, on January 5, 2017, pursuant to Ordinance 6PSF-b, adopted by the Municipal Council, the City of Newark adopted the South Bergen Street Redevelopment Plan (the "Redevelopment Plan"), as last amended by Ordinance 6PSF-e on April 7, 2020, which governs the zoning of the Property; and
WHEREAS, the City wishes to construct a new state-of-the-art Evidence Storage Facility (the "Evidence Storage Facility") for the use of its Public Safety Department; and
WHEREAS, companion legislation will be presented to the Municipal Council at the same meeting this legislation is presented, designating Brandywine Acquisition and Development, LLC ("Brandywine"), as the redeveloper of the Property that is to constitute the Evidence Storage Facility and approves the execution of a Redevelopment Agreement with Brandywine (the "Redevelopment Agreement"); and
WHEREAS, companion legislation will be presented to the Municipal Council at th...
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