Title
Dept/ Agency: Engineering
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Real Estate Agreement
Purpose: Authorize Subordination, Non-disturbance and Attornment Agreement
Entity Name: Wilson Avenue Realty, Inc.
Entity Address: 233-249 Wilson Avenue, Newark, New Jersey 07105
Contract Amount: No municipal funds expended
Funding Source:
Contract Period:
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a
Additional Information:
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WHEREAS, on August 4, 2004 the Municipal Council, through Ordinance 6PhS&FK authorized the City of Newark through its Director of the Department of Engineering to enter into a lease agreement with Wilson Avenue Realty, Inc., (the "Landlord") to lease the property located at 233-249 Wilson Avenue, Newark, New Jersey, 07105, and designated on the tax maps of the City as Block 2083, Lot 1 (the "Leased Premises"), for use by the City's Department of Engineering, Division of Motors, to repair heavy duty and light duty City vehicles, for a period of twenty (20) years from the date of issuance of a Certificate of Occupancy to the Landlord (the "Lease Agreement"). A copy of the Lease Agreement is attached hereto and made a part of this resolution; and
WHEREAS, on September 3, 2008 the Municipal Council, through Ordinance 6S&FJ, authorized the City of Newark, through its Director of the Department of Engineering, to enter into a First Amendment to the Lease Agreement (the "First Amended Lease Agreement"). A copy of the First Amended Lease Agreement is attached hereto and made a part of this resolution; and
WHEREAS, on December 17, 2008 the Municipal Council, through Ordinance 6PSF-M, authorized the City of Newark, through its Direc...
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