Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Pre-litigation (Condemnation) Settlement Agreement
Docket No.: Not Applicable
Claimant: Seabra Brothers II, 263 Lafayette Street, Suite 101, Newark, New Jersey 07105
Claimant's Attorney: Not Applicable
Attorney's Address: Not Applicable
Settlement Amount: $1,950,800.00
Funding Source:
Additional Comments:
The acquisition cost of $1,950,800.00 will ultimately be reimbursed by United States Army Corps of Engineers.
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WHEREAS, the City of Newark recognizes that the Passaic River shoreline existing within the City of Newark, County of Essex, State of New Jersey is subject to constant erosion and degradation, thereby destroying a valuable natural resource, and threatening the property of Grantor and the citizens of the State of New Jersey; and
WHEREAS, the City of Newark desires to participate with the New Jersey Department of Environmental Protection (the "NJDEP") and the United States Army Corps of Engineers (the "USACE") to construct the Joseph G. Minish Passaic River Waterfront Park and Historic Area, Newark, New Jersey, as defined in the May 25, 1999 Project Cooperation Agreement entered into by and between the Department of the Army and the State of New Jersey (the "Project"); and
WHEREAS, construction of the Project includes bulkhead construction; bank stabilization; and periodic maintenance work to be performed by the NJDEP and the USACE in conjunction with park and pedestrian walkway construction to be subsequently performed by the City of Newark; and
WHEREAS, in order to accomplish part of the Project, the City of Newark needs to acquire a temporary work area easement in a privately owned parcel designated on the Official Tax Map of the City of Newark as Block 4, Lot 9; and
WHEREAS, in order to accomplish part of the Project, the City of Newark also needs to acquire a perpe...
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