Title
Dept./ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: First Amendment to the Agreement for the Sale and Redevelopment of Land
Purpose: Agreement to Subordinate the City of Newark Reverter Rights by entering into a First Amendment to Agreement for the Sale and Redevelopment of Land and a Subordination Agreement in order to permit the Redeveloper to obtain financing necessary for the redevelopment of the Property.
Entity Name: Covenant House New Jersey, Inc.
Entity Address: 330 Washington Street, Newark, New Jersey 07102
Sale Amount: N/A
Cost Basis: ( ) $ PSF ( ) Negotiated (X) N/A ( ) Other:
Assessed Amount: N/A
Appraised Amount: N/A
Contract Period: Not Applicable
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property:
(Address/Block/Lot/Ward)
283-285 Halsey Street/Block 96 / Lot 8/Central Ward
287 Halsey Street/Block 96 /Lot 10/Central Ward
352 Washington Street/Block 96/Lot 30/Central Ward
350 Washington Street/Block 96/Lot 31/Central Ward
348 Washington Street/Block 96/Lot 32/Central Ward
342-346 Washington Street/ Block 96/Lot 33/Central Ward
Additional Information:
Resolution 7R2-e adopted on November 6, 2025, designating Covenant House New Jersey, Inc. as the redeveloper and authorizing an Agreement for the Sale and Redevelopment of Land.
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WHEREAS, pursuant to Resolution 7R2-e adopted on November 6, 2025 the Newark Municipal Council (the "Municipal Council") authorized the Mayor and the Deputy Mayor/Director of the Department of Economic and Housing Development to enter into and execute an Agreement for the Sale and Redevelopment of Land ("Agreement") with Covenant House New Jersey, Inc., 330 Washington Street, Newark, New Jersey 07102 (the "Redeveloper") for the sale ...
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