Title
AN ORDINANCE AUTHORIZING A LEASE AGREEMENT WITH PARAMOUNT ASSETS, LLC, AS LANDLORD, FOR MUNICIPAL OFFICE SPACE FOR THE NEWARK OFFICE OF WORKFORCE DEVELOPMENT LOCATED AT 375 McCARTER HIGHWAY, NEWARK, NEW JERSEY, 07114, PURSUANT TO N.J.S.A. 40A:12-5.
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WHEREAS, the City of Newark (the "City") is in need of office space for use for its Office of Workforce Development operating in conjunction with the New Jersey Department of Labor and Workforce Development; and
WHEREAS, the City issued a Request for Proposal ("RFP") for One Stop Relocation Lease for the City of Newark and State of New Jersey on February 3, 2022; and
WHEREAS, two (2) proposals were received by the RFP deadline on February 24, 2022, in response to this advertisement; and
WHEREAS, the Purchasing Agent and the evaluation committee believe that vendor, 375 MH 7024, LLC, 375 MH 7058, LLC and 375 MH 7059, LLC (as Tenants in Common of the Building hereinafter defined), jointly doing business as Paramount Assets, LLC is a qualified respondent, and have met all RFP criteria and methodology and all factors considered; and
WHEREAS, the Purchasing Agent and RFP evaluators believe it is in the best interest of the City of Newark to award the contract to Paramount Assets; and
WHEREAS, the proposed location consists of approximately 33,389 square feet of gross rentable square feet of office space (plus 500? square feet of storage space) on a portion of the third (3rd) floor (the "Premises") of a building located at 375 McCarter Highway, Newark, New Jersey 07114, also known on the Official Tax Map of the City of Newark, as Block 906, Lots 1 and 20 and Block 907, Lot 1 (the "Building"); and
WHEREAS, 375 MH 7024, LLC, 375 MH 7058, LLC and 375 MH 7059, LLC (the "Landlord"), New Jersey limited liability companies, whose address is 45 Academy Street, 5th Floor, Newark, New Jersey 07102 is the owner of the Premises and Building; and
WHEREAS, the City is authorized to acquire p...
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