Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: ESX-L-5119-18
Claimant: 125 Doremus Avenue, LLC
Claimant's Attorney: Randy T. Pearce, Esq.
Settlement Amount: N/A
Funding Source: N/A
Additional Comments:
To amend the Designation of the Area in Need of Redevelopment removing the property of 87-125 Doremus Avenue, and designated as Block 5010, Lot 7.
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WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq. ("Redevelopment Law" or "LRHL"), authorizes municipalities to determine whether certain parcels of land located therein constitute areas in need of redevelopment; and
WHEREAS, the Municipal Council adopted Resolution 7R2-a on January 19, 2017, authorizing and directing the Newark Central Planning Board (the "Central Planning Board") to undertake a preliminary investigation to determine if certain properties (the "Study Area") should be declared as one or more "Condemnation Redevelopment Areas" pursuant to N.J.S.A. 40A:12A-5; and
WHEREAS, 125 Doremus, LLC ("125 Doremus") is the owner of real property known as 87-125 Doremus Avenue, and designated as Block 5010, Lot 7 on the Official Tax Map of the City of Newark (the "Property"); and
WHEREAS, the Property was included within the Study Area; and
WHEREAS, Topology NJ, LLC, ("Topology") in cooperation with the City of Newark (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
WHEREAS, the report, prepared by Topology, dated October 6, 2017, and entitled, "Doremus Avenue Area in Need of Redevelopment Investigation Report" concluded that, based upon the Property's inclusion in the Industrial River Ur...
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