Title
ORDINANCE AUTHORIZING THE CITY OF NEWARK POLICE DEPARTMENT TO ENTER INTO A LEASE AGREEMENT WITH FLEET SUB MASTER TENANT, LLC., LANDLORD, TO LEASE A PORTION OF THE PREMISES COMMONLY KNOWN AS 189-191 MARKET STREET (BLOCK 146, LOT 40), FOR THE TERM OF THREE YEARS COMMENCING ON SEPTEMBER 1, 2015 AND TERMINTAING ON AUGUST 31, 2018 FOR THE SUM OF $3.00 ($1.00 PER YEAR), FOR USE AS A POLICE SUBSTATION MINI PRECINCT.
body
WHEREAS, the City of Newark Police Department, a non-profit corporation of the State of New Jersey, has tax exempt status with respect to the State of New Jersey and the federal government; and
WHEREAS, Fleet Sub Master Tenant, LLC owns the premises commonly known as 189-191 Market Street, Block 146, Lot 40, on the Official Tax Map of the City of Newark; and
WHEREAS, the City of Newark Police Department wishes to enter into a Lease Agreement with Fleet Sub Master Tenant, LLC, to lease a portion of the premises located at 189-191 Market Street (Block 146, Lot 40) for a period commencing on September 1, 2015 and terminating on August 31, 2018, for the sum of $3.00 ($1.00 per year), for use as a police substation mini-precinct.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Municipal Council of the City of Newark hereby authorizes the Lease Agreement with Fleet Sub Master Tenant, LLC to lease a portion of the premises commonly known as 189-191 Market Street, Block 146, Lot 40, for a period commencing on September 1, 2015 and terminating on August 31, 2018, for the sum of $3.00 ($1.00 per year), for use as a police substation mini-precinct.
2. The Mayor and/or his designee, the Director of the City of Newark Police Department, are hereby authorized to enter into the Lease Agreement, in the form attached hereto, on behalf of the City of Newark, with Fleet Sub Master Tenant, LLC., to lease a portion the premises commonly known as 189-191 Market Stre...
Click here for full text