File #: 14-0213    Version: 1 Name: Purchase/Condemnation of 134-142 Blanchard Street
Type: Ordinance Status: Filed
File created: 2/18/2014 In control: Economic and Housing Development
On agenda: 5/7/2014 Final action: 6/5/2014
Title: ORDINANCE OF THE CITY OF NEWARK AUTHORIZING THE ACQUISITION BY PURCHASE OR CONDEMNATION OF 134-142 BLANCHARD STREET, NEWARK, NEW JERSEY, COMMONLY KNOWN AS BLOCK 5001, LOT 93, ON THE OFFICIAL TAX MAP AND TAX DUPLICATES OF THE CITY ("THE PROPERTY") IN THE AMOUNT NOT TO EXCEED ONE HUNDRED AND TWENTY (120%) PERCENT OF THE APPRAISED VALUE OF $275,000.00; THE APPROVAL OF THE APPRAISAL OF THE PROPERTY PREPARED BY THE FIRM OF LASSER SUSSMAN ASSOCIATES; THE ACCEPTANCE OF THE DEPOSIT OF ACQUISITION FUNDS BY THE REDEVELOPER; AND AN AGREEMENT BETWEEN THE CITY AND REDEVELOPER GOVERNING THE RECEIPT AND EXPENDITURE OF SAID DEPOSITED FUNDS. (EAST WARD)
Sponsors: Augusto Amador
Related files: 2006-482
Title
ORDINANCE OF THE CITY OF NEWARK AUTHORIZING THE ACQUISITION BY PURCHASE OR CONDEMNATION OF 134-142 BLANCHARD STREET, NEWARK, NEW JERSEY, COMMONLY KNOWN AS BLOCK 5001, LOT 93, ON THE OFFICIAL TAX MAP AND TAX DUPLICATES OF THE CITY ("THE PROPERTY") IN THE AMOUNT NOT TO EXCEED ONE HUNDRED AND TWENTY (120%) PERCENT OF THE APPRAISED VALUE OF $275,000.00; THE APPROVAL OF THE APPRAISAL OF THE PROPERTY PREPARED BY THE FIRM OF LASSER SUSSMAN ASSOCIATES; THE ACCEPTANCE OF THE DEPOSIT OF ACQUISITION FUNDS BY THE REDEVELOPER; AND AN AGREEMENT BETWEEN THE CITY AND REDEVELOPER GOVERNING THE RECEIPT AND EXPENDITURE OF SAID DEPOSITED FUNDS. (EAST WARD)

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WHEREAS, in accordance with N.J.S.A. 40A:12-5(a)(1) "any municipality, by ordinance, may provide for the acquisition of any real property, capital improvement, or personal property: (1) by purchase, gift, devise, lease, exchange, or condemnation;" and

WHEREAS, on December 17, 2008, by Resolution No. 7R3-D, the City of Newark ("City") Municipal Council authorized the Planning Board to undertake a preliminary investigation to determine whether Block 5001, Lots 93, 50, 50.01, 49, 48, 46, 42, and 40; and Block 2438, Lots 74, 76, 78, 82, 84, 85, and 92 (the "Blanchard Street Redevelopment Area") (Collectively referred to as the "Study Area") should remain designated as in need of redevelopment; and

WHEREAS, on May 2, 2011, the City's Central Planning Board adopted a resolution that recommended to the City's Municipal Council the Designation of the Study Area as an area in need of redevelopment pursuant to the Local Redevelopment and Housing Law ("LRHL"), N.J.S.A. 40A:12A-1 et seq.; and

WHEREAS, by Resolution No. 7R3-B, adopted on August 3, 2011, the City's Municipal Council determined that the Study Area qualified as an "area in need of redevelopment" under the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq.; and

WHEREAS, the Blanchard Street Redevelopment Area is subject...

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