City of Newark - File #: 08-509

• File #: 08-509
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/25/2008
• In control: Water Sewer Utility
• On agenda: 12/3/2008
• Final action: 12/3/2008
• Title: Dept/ Agency: Newark Watershed Conservation and Development Corporation RATIFYING / AUTHORIZING Type of Service: Lease Agreement Purpose: Leasing a 0.25 acre portion of Block 14403, Lot 1 in West Milford Township, New Jersey and a thirty five (35') right-of-way in the form of an easement. Entity Name: New York SMSA Limited Partnership d/b/a Verizon Wireless Address: 180 Washington Valley Road, Bedminster, NJ Lease Rate: $24,000.00 per year with an increase of three percent (3%) per annum. Contract Period: August 1, 2006 through July 31, 2011 (With up to four (4) options for additional five (5) year terms per option. Contract Basis: Bid__ Prof. Ser. __ EUS__ Fair & Open__ Non-Fair & Open__ RFP__ RFQ __ Additional Comments: N/A

Date	Ver.	Action By	Action	Result
12/3/2008	1	Municipal Council	Adopt	Pass

Title

Dept/ Agency:  Newark Watershed Conservation and Development Corporation

RATIFYING / AUTHORIZING

Type of Service:  Lease Agreement

Purpose: Leasing a 0.25 acre portion of Block 14403, Lot 1 in West Milford Township, New Jersey and a thirty five (35') right-of-way in the form of an easement.

Entity Name:  New York SMSA Limited Partnership d/b/a Verizon Wireless

Address: 180 Washington Valley Road, Bedminster, NJ

Lease Rate: $24,000.00 per year with an increase of three percent (3%) per annum. 

Contract Period:  August 1, 2006 through July 31, 2011 (With up to four (4) options for additional five (5) year terms per option.

Contract Basis: Bid__  Prof.  Ser. __  EUS__   

Fair & Open__   Non-Fair & Open__   RFP__   RFQ __      

Additional Comments:  N/A