Title
AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE CITY OF NEWARK (TENANT) AND 169 CLINTON DEVELOPMENT URBAN RENEWAL, LLC, A NEW JERSEY LIMITED LIABILITY COMPANY HAVING AN ADDRESS AT 246 DANFORTH AVENUE, JERSEY CITY, NEW JERSEY 07305 (LANDLORD), PURSUANT TO N.J.S.A. 40A:12-3, 5, AND 15 TO LEASE THE PORTION OF THE BUILDING AS SHOWN ON THE FLOOR PLANS ATTACHED TO THE LEASE AGREEMENT AS EXHIBIT B, LOCATED AT 169 CLINTON AVENUE, IN THE CITY OF NEWARK, ESSEX COUNTY, NEW JERSEY, KNOWN AND DESIGNATED ON THE TAX MAP OF THE CITY OF NEWARK AS BLOCK 2588, LOT 20, TO ACCOMODATE THE CITY'S PUBLIC PURPOSE OF PROVIDING HOUSING FOR A SIGNIFICANT HOMELESS POPULATION IN THE CITY OF NEWARK TO ENSURE THEIR HEALTH, SAFETY, AND WELLNESS, FOR A PERIOD OF FIFTEEN (15) YEARS COMMENCING ON MARCH 1, 2025, WITH TWO (2) OPTIONAL RENEWAL TERMS, THE FIRST RENEWAL TERM SHALL BE FOR AN ADDITIONAL PERIOD OF TEN (10) YEARS AND A SECOND OPTIONAL RENEWAL TERM SHALL BE FOR AN ADDITIONAL PERIOD OF SEVEN (7) YEARS, AS PER THE TERMS AND CONDITIONS OF THE LEASE AGREEMENT, AT AN APPROXIMATE ANNUAL RENTAL NOT TO EXCEED $0.00 FOR THE FIRST TWO (2) YEARS AND ESCALATING TO AN APPROXIMATE ANNUAL RENTAL NOT TO EXCEED $3,992,130.48 IN YEAR TEN (10).
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WHEREAS, on July 7, 2023, the City's Qualified Purchasing Agent declared an emergency with 169 Clinton Development Urban Renewal, LLC, 246 Danforth Avenue, Jersey City, New Jersey 07305, for temporary shelter services of a significant portion of building located at 169 Clinton Avenue, Newark, NJ 07108 (the "Building"), to ensure the health, safety, and wellness of a significant homeless population in the City of Newark; and
WHEREAS, the City of Newark Municipal Council extended the emergency shelter declaration several times thereafter as it did not have any alternative location to house the homeless population; and
WHEREAS, pursuant to Newark Municipal Code 2:4-16, the City of Newark reviewe...
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