Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Redevelopment Agreement
Purpose: Amending Exhibit B to Ordinance 6PSF-d(S) authorizing execution of Redevelopment Agreement with The Newark Museum Association.
Entity Name: The Newark Museum Association
Entity Address: 49 Washington Street, Newark, New Jersey 07102
Contract Amount: $125,410.00
Funding Source: The Newark Museum Association
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property:
(Address/Block/Lot/Ward)
47-55 Washington Street/Block 34/Lot 9/Central
47-55 Washington Street/Block 34/Lot 10/Central
47-55 Washington Street/Block 34/Lot 11/Central
47-55 Washington Street/Block 34/Lot 12/Central
65 Central Avenue/Block 35/Lot 29/Central
47-55 Washington Street/Block 35 34/Lot 30/Central
Addition Information:
Ordinance 6PSF-d(S) adopted on August 30, 2022.
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WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq., as amended and supplemented (the "Act"), authorizes the municipalities to participate in the redevelopment and improvement of areas that are in need of redevelopment or rehabilitation; and
WHEREAS, in order to stimulate the reinvigoration of the City of Newark (the "City"), by Resolution 7Rdo(AS) adopted on June 15, 2005, the entire City was designated as an area in need of rehabilitation pursuant to the Act; and
WHEREAS, the Municipal Council then approved the Central Ward Redevelopment Plan, including any amendments, for the redevelopment area within which the Properties are located (the "Redevelopment Plan"); and
WHEREAS, the City is the record fee owner of the following properties located on 47-55 Washington Street and 64 Central Avenue: Block 34, Lots 9, 10,...
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