Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Redevelopment Agreement
Purpose: First Amendment to the Agreement for the Sale and Redevelopment of Land to 38-60 Blanchard, LLC to amend the project scope.
Entity Name: 38-60 Blanchard, LLC
Entity Address: 75 Parkhurst Street, Suite 2, Newark, New Jersey 07114
Contract Amount: $75,000.00
Funding Source: 38-60 Blanchard, LLC
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
(X) Private Sale ( ) Grant ( ) Sub-recipient (X) N/A
List of Property:
(Address/Block/Lot/Ward)
38-60 Blanchard Street/Block 5001/Lot 16/East Ward
Additional Information:
Resolution 7R2-k(S) adopted on November 29, 2016 authorized the Redevelopment Agreement with 38-60 Blanchard, LLC.
This Resolution authorizes a First Amendment to the Redevelopment Agreement to amend the project scope.
body
WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq., as amended and supplemented (the "Act"), authorizes municipalities to participate in the redevelopment and improvement of areas that are in need of redevelopment or rehabilitation; and
WHEREAS, on November 29, 2016, the Municipal Council adopted Resolution 7R2-k(S) (the "Original Resolution"), which authorized the sale of the following City-owned property (the "Property") located within the East Ward, no longer needed for public use, in accordance with the First Amendment to the East Ward Redevelopment Plan, adopted by Ordinance 6S&Fe(S) on September 21, 2005, as amended, which governs the redevelopment of City-owned property located in the East Ward identified as:
ADDRESS WARD BLOCK LOT SQ. FEET 38-60 Blanchard St., Rear East 5001 16 147,688.4
WHEREA...
Click here for full text