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ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO AN AGREEMENT TO EXCHANGE LAND WITH CARLOS LOPES, 58 PALM STREET/ WEST WARD, FOR THE EVEN EXCHANGE OF CERTAIN CITY-OWNED PROPERTY 803 CLIFTON AVENUE, LOCATED IN THE NORTH WARD.
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      WHEREAS, the City is the owner of the following parcel of real property located in the City of Newark, Essex County, New Jersey:
Address			Block	Lot	  Ward		Size		Sq. Feet
803 Clifton Avenue		779	 6	  North	25X120	3,000.
(the "City Property"); and
      WHEREAS, Carlos Lopes, having an address of 401-403 East Kinney Street, Newark, New Jersey 07105, is the owner of the following parcel of real property located in the City of Newark, Essex County, New Jersey:      
Address			Block	Lot	  Ward		Size		Sq. Feet
58 Palm Street		4199	105	  West		25X100	2,500.
(the "Lopes Property"); and
      WHEREAS, pursuant to N.J.S.A. 40A:12-5(1), the City of Newark is authorized to exchange real property by Ordinance; and
      WHEREAS, through negotiations with Carlos Lopes, the City of Newark and Carlos Lopes have determined that it is in the best interest of each to evenly exchange the City Property for the Lopes Property.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Mayor, and /or his designee, the Deputy Mayor/Director of the Department of Economic and Housing Development is hereby authorized to enter into an Agreement to Exchange Land with Carlos Lopes in the form attached hereto (the "Agreement to Exchange Land") for the even exchange of the below properties.
Property to be conveyed to Carlos Lopes by the City of Newark 
Address			Block	Lot	  Ward		Sq. Feet
803 Clifton Avenue		779|99|  North	25x120	3,000.
Property to be conveyed to the City of Newark by Carlos Lopes
Address			Block	Lot	  ...
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