City of Newark - File #: 11-0791

• File #: 11-0791
• Version: 1
• Type: Ordinance
• Status: Filed
• File created: 7/19/2011
• In control: Municipal Council and City Clerk
• On agenda: 8/3/2011
• Final action: 9/21/2011
• Title: Ordinance authorizing the acquisition of Block 25, Lot 18 and a portion of Lot 20 (Central Ward) from New Jersey Transit Corporation, by purchase at a price of $275,000.00, intended to be reconveyed by the City to Broad Street Fidelco, LLC for an identical price (to be reflected as a credit against amounts payable by the City under a settlement agreement and general release with a related entity), in connection with a redevelopment project that will include facilities available to the public for the public parking of vehicles.

Date	Ver.	Action By	Action	Result
9/21/2011	1	Municipal Council	Close on Public Hearing and Adopt	Pass
9/8/2011	1	Municipal Council	Adopt on First Reading	Pass
8/3/2011	1	Municipal Council	Advance to First Reading	Pass

Title

Ordinance authorizing the acquisition of Block 25, Lot 18 and a portion of Lot 20 (Central Ward) from New Jersey Transit Corporation, by purchase at a price of $275,000.00, intended to be reconveyed by the City to Broad Street Fidelco, LLC for an identical price (to be reflected as a credit against amounts payable by the City under a settlement agreement and general release with a related entity), in connection with a redevelopment project that will include facilities available to the public for the public parking of vehicles.