Title
AN ORDINANCE AUTHORIZING THE FOLLOWING FOR THE PORT STREET CORRIDOR IMPROVEMENTS PROJECT: (1) THE CITY OF NEWARK AUTHORIZES THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY THE RIGHT TO ACQUIRE BY CONDEMNATION PARCELS A1-A7 SET FORTH IN DRAWING NUMBER REF01, OF EXHIBIT A OF THE TWENTY- FIRST AMENDMENT TO THE LEASE AGREEMENT BETWEEN THE CITY OF NEWARK AND THE PORT AUTHORITY; (2) UPON ACQUISITION AND COMPLETION OF CONSTRUCTION BY THE PORT AUTHORITY FOR THE PORT STREET CORRIDOR, THE CITY IS AUTHORIZED TO ACCEPT PARCELS A1-A7 SET FORTH IN DRAWING NUMBER REF01 IN A CONVEYANCE FROM THE PORT AUTHORITY TO THE CITY OF NEWARK; AND (3) THE CITY IS AUTHORIZED TO EXECUTE THE ATTACHED LICENSE AGREEMENT AND THE UTILITY AGREEMENT.
Deferred 6PSF-e 030420
body
WHEREAS, the Port Authority of New York and New Jersey (the "Port Authority"), a body corporate and politic formed by Compact between the States of New York and New Jersey with the consent of the Congress of the United States, having its principal office at World Trade Center, 150 Greenwich Street, New York, New York 10007, and the City of Newark, New Jersey (the "City"), 920 Broad Street, Newark, New Jersey 07102, wish to enter into a License Agreement (the "License Agreement") attached hereto as Exhibit A; and
WHEREAS, N.J.S.A. 40:67-1, et seq., authorizes the Governing Body of municipalities to establish public streets, highways, or lanes within the municipality; and
WHEREAS, pursuant to the License Agreement the Port Authority proposes to perform the following: (i) widening and realigning Port Street to maintain and separate with concrete barrier two continuous lanes for eastbound and westbound traffic and to provide for more limited and controlled left turns from Port Street, (ii) relocating and realigning Outer Port Street and Inner Port Street connections to Port Street to accommodate roadway geometry changes to increase vehicular safety, (iii) removing, relocating and replacing at-grade r...
Click here for full text