Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Third Amendment to Redevelopment Agreement
Entity Name: Morris Fairmount Associates Urban Renewal, LLC.
Entity Address: c/o Morris Realty Associates, LLC., 350 Veterans Boulevard, Rutherford, New Jersey 07070
Sale Amount: $
Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $0.00
Appraised Amount: $0.00
Contract Period: N/A
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
189-199 Blanchard Street (Block 2438, Lot 92) (the "Original City Property") and 190-202 Blanchard Street and abutting underwater land (Block 5001, Lots 50 and 50.01) - East Ward
Additional Information:
Original Redevelopment Agreement was authorized by Resolution 7R3-g adopted on March 15, 2006. The First Amendment to the Redevelopment Agreement was authorized by Resolution 7R3-a (as/s) adopted January 23, 2008. The Second Amendment was authorized by Resolution 7R3-a adopted on May 6, 2015.
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WHEREAS, in March 15, 2006, a Redevelopment Agreement between the City and Morris Fairmount Associates Urban Renewal, LLC ("Redevelopment Agreement") was authorized by Resolution 7Rg adopted by the Municipal Council, consisting of the redevelopment of an industrial warehouse facility of over 500,000 square feet; and
WHEREAS, in January 23, 2008, Amendment No. 1 to Redevelopment Agreement was authorized by Resolution 7R3-a(AS)(S) adopted by the Municipal Council, to add additional parcels to the Project Area; and
WHEREAS, in May 6, 2015, a Second Amendment to Redevelopment Agreement was...
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