File #: 10-1309    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 9/9/2010 In control: Economic and Housing Development
On agenda: 9/15/2010 Final action: 9/15/2010
Title: Dept/ Agency: Economic & Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Mitigation and Replacement Agreement/ Lease Agreement Purpose: City of Newark to occupy the property and utilize it for park purposes Entity Name: New Jersey Department of Transportation Entity Address: P.O. Box 600, Trenton, NJ 08625-0600 Lease Amount: $1.00 per month Lease Period: 25 years with three (3) 25 year renewal periods Funding Source: City of Newark Budget Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Location of Property: Address/Block/Lot/Ward Block 171, Lots 1, 6 & 8 and Block 2029, Lots 1, 7, 21, and 22/East Additional Information: N/A

Title

Dept/ Agency:  Economic & Housing Development

Action:  (X) Ratifying     (X) Authorizing     (  ) Amending

Type of Service:  Mitigation and Replacement Agreement/ Lease Agreement

Purpose: City of Newark to occupy the property and utilize it for park purposes

Entity Name:  New Jersey Department of Transportation

Entity Address:  P.O. Box 600, Trenton, NJ 08625-0600

Lease Amount: $1.00 per month

Lease Period:  25 years with three (3) 25 year renewal periods

Funding Source: City of Newark Budget

Contract Basis: (   ) Bid   (   ) State Vendor   (   ) Prof.  Ser.   (   ) EUS  

(   ) Fair & Open   (   ) No Reportable Contributions   (   ) RFP   (   ) RFQ

(   ) Private Sale   (   ) Grant   (   ) Sub-recipient   (X) n/a   

Location of Property:

Address/Block/Lot/Ward

Block 171, Lots 1, 6 & 8 and Block 2029, Lots 1, 7, 21, and 22/East

Additional Information:  N/A