Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: ESX-L-1849-19
Claimant: CenterPoint Properties Trust v. Municipal Council of the City of Newark, Newark Central Planning Board, and City of Newark
Claimant's Attorney: Elnardo J. Webster, II, Esq.
Attorney's Address: Inglesino, Webster, Wyciskala & Taylor, LLC, 600 Parsippany Road, Suite 204, Parsippany, New Jersey 07054
Settlement Amount: $0.00
Funding Source: Not Applicable
Account Code Line:
Additional Comments:
body
WHEREAS, the Newark Municipal Council (the "Municipal Council") adopted Resolution 7R2-a, on January 19, 2019, which authorized the Board to conduct a preliminary investigation of a designated study area located at Doremus Avenue ("Study Area") to determine whether those certain properties located within the Study Area qualify as a "Condemnation Redevelopment Area" pursuant to the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq. ("LRHL"); and
WHEREAS, Deltech is the owner of real property known as 17-89 Rutherford Street, Newark, New Jersey, and designated as Block 5050.01, Lot 15 on the Official Tax Map of the City of Newark, New Jersey and the property located at 91-127 Rutherford Street, Newark, New Jersey, and designated as Block 5056, Lot 26 on the Official Tax Map of the City of Newark, New Jersey (collectively referred to as the "Property"); and
WHEREAS, CenterPoint is the contract purchaser of the Property; and
WHEREAS, the Property was included within the Study Area; and
WHEREAS, Topology New Jersey, LLC ("Topology"), in cooperation with the City and the Newark Community Economic Development Corporation, conducted a preliminary investigation to determine whether the designation of the Study Area as an area in need of redevelopment is appropriate and in conformance with the statutory criteria set forth in N.J.S.A. 40A:12A-5; and
...
Click here for full text