Title
AN ORDINANCE PROVIDING FOR THE VACATION OF WEST PARK STREET, EXTENDING FROM THE WESTERLY RIGHT-OF-WAY LINE OF BROAD STREET TO THE EASTERLY RIGHT-OF-WAY LINE OF HALSEY STREET, AND LAID OUT 50 FEET IN WIDTH ON THE MAP OF THE COMMISSIONERS TO LAY OUT STREETS, AVENUES AND SQUARES.
Sponsors: Crump/ Chaneyfield Jenkins
Deferred 6PSF-e 111714
Deferred 6PSF-a 120314
Body
WHEREAS, The Prudential Insurance Company of America ("Prudential") and/or its subsidiaries or affiliates, is the owner of property designated as Block 51, Lot 2 on the Tax Map of the City of Newark with a street address of 635-677 Broad Street (Block 51 in its entirety); and property designated as Block 52, Lot 4 on the Tax Map of the City of Newark with a street address of 679-705 Broad Street (Block 52 in its entirety) (collectively referred to as the "Property"), which Property is located along the entire length of West Park Street, extending from the westerly ight-of-way line of Broad Street to the easterly right-of-way line of Halsey Street, in the City of Newark; and
WHEREAS, for reasons related to security, as well as development purposes related to its redevelopment of the Property pursuant to a Redevelopment Agreement entered into with the City on or about June 26, 2012, Prudential has requested that West Park Street be vacated by the City of Newark; and
WHEREAS, the City of Newark has determined that the public interest will be better served by vacating the street to allow Prudential to control access for security and access reasons to prohibit non-authorized vehicles; and
WHEREAS, the Department of Engineering has no objections to the street vacation.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
Section 1. All that portion, part and parcel of West Park Street, extending from the westerly right-of-way line of Broad Street to the easterly right-of-way line of Halsey Stree...
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