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AN ORDINANCE TO ADOPT THE FIFTH AMENDMENT TO THE NEWARK DOWNTOWN CORE DISTRICT REDEVELOPMENT PLAN AND AMENDMENT TO THE NEWARK PLAZA URBAN RENEWAL PLAN, BY REFLECTING A REDUCTION IN THE SIZE OF PARCEL R DUE TO THE REMOVAL OF APPROXIMATELY 20,000 SQUARE FEET FROM THE SOUTHERN END OF PARCEL R (BEING A PORTION OF BLOCK 166, LOT 1.03 ON THE CITY'S TAX MAPS) AND AN INCREASE IN THE SIZE OF PARCEL H1 BY THE INCLUSION OF SUCH 20,000 SQUARE FEET WITHIN THE NORTHERN END OF PARCEL H1 (BEING BLOCK 166, LOT 1.01 ON THE CITY'S TAX MAPS)
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WHEREAS, on July 14, 2004, the City of Newark ("City") utilized the powers of Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., to designate over 39 acres of land within the Downtown Newark area as an "area in need of redevelopment," commonly known as the Newark Downtown Core District Redevelopment Area ("Redevelopment Area"); and
WHEREAS, on October 6, 2004, the Municipal Council adopted Ordinance 6S&Ff adopting the Newark Downtown Core District Redevelopment Plan and Amendment to the Newark Plaza Urban Renewal Plan ("Plan"), which has been amended from time to time; and
WHEREAS, on October 6, 2004, the Municipal Council adopted Resolution 7Rbc appointing the Housing Authority of the City of Newark ("Authority") as the City's Redevelopment Entity for the purpose of implementing the Plan on behalf of the City in accordance with N.J.S.A. 40A:12A-4(c); and
WHEREAS, on June 29, 2015, the Central Planning Board of the City of Newark ("Planning Board") proposed a Fourth Amendment to the Newark Downtown Core District Redevelopment Plan; and
WHEREAS, an Ordinance to approve the Central Planning Board's June 29, 2015 proposed Fourth Amendment to the Newark Downtown Core District Redevelopment Plan was submitted to the Municipal Council for First Reading on July 1, 2015 and was adopted on September 2, 2015 (the "Fourth Amendment"); and
WHEREAS, pursuant...
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