Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Execute Community Benefits Agreement.
Purpose: To authorize the execution of a Community Benefits Agreement between the City of Newark, SWPN 479 Clinton Avenue LLC, C/O South Ward Alliance, a NJ Nonprofit Corporation, and the New Jersey Economic Development Authority as a condition of receiving tax credits incentives under the Aspire Program Act, N.J.S.A. 34:1B-322 et seq., towards the construction of a medical/office building, which will include prenatal through toddler health services, a full service federally subsidized health care center and a YMCA wellness center at the properties located at 648-650 Bergen Street, 652 Bergen Street, 654 Bergen Street, 654-1/2 Bergen Street, 656-658 Bergen Street and 485 Clinton Avenue, Newark, New Jersey and identified on the City's tax map as Block 2685, Lots 30, 31, 32, 33, 34 & 35 (the "Proposed NJ Site")
Entity Name: SWPN 479 Clinton Avenue LLC, C/O South Ward Alliance, a NJ Nonprofit Corporation
Entity Address: 35 Halsey Street, Suite 3, Newark, New Jersey, 07102
Funding Source: Aspire Program Act, N.J.S.A. 34:1B-322 et seq.
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
648-650 Bergen Street, 652 Bergen Street, 654 Bergen Street, 654-1/2 Bergen Street, 656-658 Bergen Street and 485 Clinton Avenue, Newark, New Jersey and identified on the City's tax map as Block 2685, Lots 30, 31, 32, 33, 34 & 35 (South Ward).
Additional Information:
Public Hearing to be held on August 6, 2025 at 12:30 P.M.
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WHEREAS, pursuant to the New Jersey Economic Recovery Act of 2020, the New Jersey Economic Development Authority (the "NJEDA") has established the Aspire Program...
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