Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Waiving 20-day period for an Ordinance to take effect.
Purpose: To authorize an emergency be declared to exist for Ordinance 6SFF, which was advanced and adopted on first reading by the Municipal Council on November 26, 2024 via Ordinance 8k, authorizing the City to enter into a License Agreement to license the office space on the ground floor of the building, located at 468-498 Broad Street, Newark, New Jersey, 07102, Block 25, Lot 1, for use as a Police Precinct Substation for the City of Newark's Department of Public Safety, Office of Professional Standards for the City, due to the exigent need for the City to effectively and adequately protect its citizens.
Ordinance No(s):
Ordinance 8-k was Advanced and Adopted on First Reading by the Municipal Council on November 26, 2024.
Ordinance 6SF-f is scheduled for a Public Hearing, Second Reading and Final Passage on December 18, 2024.
Additional Information:
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WHEREAS, the City of Newark Department of Public Safety, Office of Professional Standards (the "City") is in need of office space to serve as a Police Substation; and
WHEREAS, Broad Street Fidelco, LLC (the "Owner") is the fee owner of the office building known as 468-498 Broad Street, Newark, New Jersey ("Building"); and
WHEREAS, the City and the Owner are contemporaneously negotiating the terms of a long-term lease agreement for office space on the third (3rd) floor of the Building designated as Suite 302 (the "New Lease") to serve as a Police Precinct Substation for the City of Newark's Department of Public Safety, Office of Professional Standards; and
WHEREAS, until the New Lease is entered into and possession of the premises that is the subject of the New Lease is delivered to the City, the parties desire to provide for the licensing by Owner to City of the ...
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