Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Leasing City-owned property
Purpose: Rehabilitate, maintain and operate Military Park
Entity Name: Military Park Partnership, Inc.
Entity Address: c/o The Newark Alliance, 744 Broad Street, Suite 1705, Newark, New Jersey 07102
Lease Amount: $5.00 per year
Lease Period: 24 Year term
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Location of Property: Military Park, Newark, New Jersey (Address/Block/Lot/Ward)
Block 124, Lot 1 - Central Ward
Additional Information:
Resolution 7RDO(AS) 061505, designated entire City “Area In Need Of Rehabilitation”.
Ordinance 6Phs&FA 051706 , approved $2,000,000. appropriation for capital improvements to Military Park.
Ordinance 6Phs&FG 090308, adopted the “Living Downtown Plan”.
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WHEREAS, in connection with the City’s efforts to redevelop the entire City, the Municipal Council of the City of Newark (the “Municipal Council”) adopted Resolution 7RM on May 4, 2005 directing the Central Planning Board of the City of Newark (the “Central Planning Board”) to undertake an investigation to determine if the City satisfied the statutory criteria as an “area in need of rehabilitation” in accordance with the provisions of N.J.S.A. 40A:12A-14 of the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq. (the “LRHL”); and
WHEREAS, the Central Planning Board conducted the requested investigation in accordance with the LRHL, including a public hearing on June 6, 2005, after which hearing the Central Planning Board recommended the designation of the entire City as an “area in need of rehabilitation” to the City Administration and Municipal Council; and
WHEREAS, based upon the reco...
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