Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Termination of Redevelopment Agreement
Purpose: Termination and Settlement of Redevelopment Agreement with the Newark Animal Shelter, Inc. and the return of property to the City of Newark.
Entity Name: Newark Animal Shelter, Inc.
Entity Address: 744 Broad 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:
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
Additional Information:
This resolution authorizes the termination and settlement of the Redevelopment Agreement between the Newark Animal Shelter, Inc. and the City of Newark and the return of property to the City of Newark.
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WHEREAS, on July 23, 2013, the Municipal Council of the City of Newark adopted Resolution 7R3-b(s) authorizing the execution of an Agreement between the Newark Animal Shelter, Inc., a New Jersey nonprofit corporation, with an address at c/o Newark Alliance, 744 Broad Street, Newark, New Jersey 07102 ("NAS"), and the City of Newark, a body corporate and politic of the State of New Jersey, with an address at City Hall, 920 Broad Street, Newark, New Jersey 07102 (the "City") (collectively, the "Parties") (the "Redevelopment Agreement") to sell the following City properties to NAS: 4-16 South Thirteenth Street, 610 Orange Street, 640 West Market Street, 1-5 South Thirteenth Street, and 7-9 South Thirteenth Street and identified on the City's official tax map as Block 1897, Lot 1 and Block 1898, Lots 5, 53, 6, and 9 located within the West Ward (the "Properties"); and
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