Title
Dept./ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Indemnity Agreement
Purpose: Authorizing the execution of an Agreement to extend the Interim Indemnity Agreement from any claims of bodily injury arising out of the operation of the Firing Range on the Motiva Site
Entity Name: Doremus Newark, LLC, Doremus Newark II, LLC, El Sid Properties LLC, and Equity Industrial Partners
Entity Address: Doremus Newark, LLC, 20 Pickering Street, Needham, Massachusetts 02492;
Doremus Newark II, LLC, Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801;
El Sid Properties LLC, Care of Victor Herlinsky at Sills Cummis & Gross, P.C.; and Equity Industrial Partners, 20 Pickering Street, Needham, Massachusetts 02492
Agreement Period:
List of Property: (if applicable)
(Address/Block/Lot/Ward)
Block 5074, Lots 5, 9, and 9.01 on the southerly side of Delancey Street, Newark, New Jersey (East Ward)
Additional Information:
The City wishes to extend the Interim Indemnity Agreement to continue to indemnify Doremus Newark, LLC, Doremus Newark II, LLC, El Sid Properties, LLC, and Equity Industrial Partners from any claims of bodily injury arising out of the operation of the Firing Range until September 30, 2019.
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WHEREAS, on or about July 1, 1993, the City entered into a Lease Agreement whereby the City leased a portion of certain real property located upon Block 5074, Lots 5, 9 and 9.01 on the tax map of the City of Newark (on the southerly side of Delancey Street) (the "Leased Property") to be utilized as the City of Newark Police Department's Firearms Training Facility and shooting range (the "Firing Range") until August 31, 2008 in exchange for $1.00 per year plus payment of the property taxes by the City (the "Lease Agreement"); and
WHEREAS, by Deed dated May 25, 2005, ...
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