Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Solicitation of Sealed Bids
Purpose: Solicit & Receive Sealed bids for leasing of vacant City-owned property for non-residential purposes
List of Property: (if applicable)
(Address/Block/Lot/Ward)
165 and 167 Vermont Avenue/Block 4046 /Lots 5 and 6 /West Ward
Lease Term: One (1) year with an option to renew annually for five (5) one (1) year terms
Additional Information:
Minimum Annual Bid is $ 6,528.00
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WHEREAS, the City of Newark is the owner of the properties located in the West Ward at 165 and 167 Vermont Avenue, Newark, New Jersey, and identified as Block 4046, Lots 5 and 6 on the official tax map of the City of Newark (the “Property”); and
WHEREAS, N.J.S.A. 40A:12-14 authorizes a municipal corporation to lease to any private person real property owned by said municipal corporation and not needed for a public use; and
WHEREAS, N.J.S.A. 40A:12-14 requires that a lease by a municipal corporation to a private person, except for a lease to a private person for a public purpose, be made to the highest bidder by open public bidding or by submission of sealed bids; and
WHEREAS, the City of Newark Department of Economic and Housing Development desires to solicit proposals through a publicly advertised bidding process for the lease of the Property to the highest bidder through the submission of sealed bids in accordance with N.J.S.A. 40A:12-14(a); and
WHEREAS, the City of Newark believes that a lease of the Property shall operate as a financial benefit to the City of Newark, and shall be in the best interests of the residents of the City of Newark.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The City of Newark Department of Economic and Housing Development, Division of Housing & Real Estate (the “City of Newark”) has determined that t...
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