Title
Dept/Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Authorization to Execute Intergovernmental Program Agreement
Purpose: To authorize execution of the corrected State-issued Garden State C-PACE Program Agreement with the New Jersey Economic Development Authority in furtherance of Ordinance 6 PSF-h 12/17/2025opting into the Garden State C-PACE Program.
Additional Information:
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WHEREAS, the Municipal Council of the City of Newark adopted Ordinance 6 PSF-h adopted December 17, 2026 (the "Ordinance"), opting into the Garden State C-PACE Program pursuant to P.L. 2021, c. 201 (N.J.S.A. 34:1B-374 et seq.) (the "Act"); and
WHEREAS, the Ordinance authorized the City of Newark (the "Municipality") to participate in the Garden State C-PACE Program and to enter into a Garden State Program Agreement with the New Jersey Economic Development Authority (the "Authority"); and
WHEREAS, the Act and the Garden State C-PACE Program Guidelines require municipalities to execute the State-issued form of Program Agreement as a condition of participation in the Garden State C-PACE Program; and
WHEREAS, subsequent to adoption of the Ordinance, it was determined that the form of Program Agreement previously referenced or attached did not reflect the final State-issued template required by the Authority for municipal participation in the Garden State C-PACE Program; and
WHEREAS, the execution of the corrected State-issued Garden State C-PACE Program Agreement does not amend, alter, or modify the legislative framework established by the Ordinance, including but not limited to the authorization of C-PACE Assessments, lien priority, revenue treatment, or enforcement provisions; and
WHEREAS, the Municipal Council finds that authorizing execution of the corrected Program Agreement is necessary to ensure full...
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