Title
AN ORDINANCE AUTHORIZING THE SALE AND CONVEYANCE OF THE PROPERTY AND/OR CERTAIN RIGHTS IN THE PROPERTY OWNED BY THE CITY OF NEWARK LOCATED AT RESERVOIR ROAD, WOODLAND PARK, NEW JERSEY AND IDENTIFIED ON THE OFFICIAL TAX MAP OF WOODLAND PARK AS BLOCK 113, LOT 3.03 (DESIGNATED BY NJDOT AS PARCEL 74B AND PARCEL E74A) TO THE STATE OF NEW JERSEY, DEPARTMENT OF TRANSPORTATION, FOR THE SUM OF ($94,000.00) NINETY-FOUR THOUSAND DOLLARS.
No Action Taken, June 18, 2014
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WHEREAS, the City of Newark, through the Department of Water and Sewer Utilities, owns real property located at Reservoir Road, Woodland Park, New Jersey and identified on the official tax map of Woodland Park as Block 113, Lot 3.03 (the "City Property"); and
WHEREAS, the State of New Jersey, Department of Transportation (the "NJDOT") has advised the City that the NJDOT intends to undertake a construction project in order to make improvements to Route 46 in and around Woodland Park and that it is necessary for the NJDOT to acquire certain rights in the City Property in order to make these improvements; and
WHEREAS, specifically, the NJDOT has advised the City that the NJDOT must acquire the following rights in the City Property: (i) a fee taking of 15,899 square feet as shown on the Parcel Map for Parcel 74B; (ii) a permanent slope easement of 3,368 square feet as shown on the Parcel Map for Parcel 74B; (iii) a temporary construction easement of 14,201 square feet as shown on the Parcel Map for Parcel 74B for a 12 month period; (iv) a drainage easement of 294 square feet as shown on the Parcel Map for Parcel E74A; (v) a ditch easement of 667 square feet as shown on the Parcel Map for Parcel E74A; and (vi) two temporary site mitigation work areas containing 2,431 square feet as shown on the Parcel Map for Parcel E74A (collectively, the "City Property Rights"); and
WHEREAS, the NJDOT obtained an appraisal determining that the fair market v...
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