City of Newark - File #: 16-1883

• File #: 16-1883
• Version: 1
• Name: Ordinance: Build Newark, LLP
• Type: Ordinance
• Status: Adopted
• File created: 12/5/2016
• In control: Economic and Housing Development
• On agenda: 2/22/2017
• Final action: 3/7/2017
• Title: ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO AN AGREEMENT TO EXCHANGE LAND WITH BUILD NEWARK, LLP FOR THE EVEN EXCHANGE OF CERTAIN CITY-OWNED PROPERTIES LOCATED IN THE SOUTH WARD. Deferred 6PSF-e 030117
• Sponsors: John Sharpe James, Carlos M. Gonzalez

Date	Ver.	Action By	Action	Result
3/7/2017	1	Municipal Council	Close on Public Hearing and Adopt	Pass
3/1/2017	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
2/22/2017	1	Municipal Council	Advance and Adopt on First Reading as 6F-	Pass

Title
ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO AN AGREEMENT TO EXCHANGE LAND WITH BUILD NEWARK, LLP FOR THE EVEN EXCHANGE OF CERTAIN CITY-OWNED PROPERTIES LOCATED IN THE SOUTH WARD.
Deferred 6PSF-e 030117

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WHEREAS, the City of Newark (the "City") is the owner of the following parcels of real property each located in the City of Newark, Essex County, New Jersey:

Address Block Lot Ward Size Sq. Feet
752 Bergen Street 2707 40 South 25X105 2,625
746-748 Bergen Street 2707 42 South 46.11X105 4,841.55
720-722 Bergen Street 2707 54, 55 South 50X105 5,250
807 Bergen Street 2711 18 South 30X85 2,550
809 Bergen Street 2711 19 South 30X85 2,550
788 Bergen Street 2712 35 South 25X105 2,625
786 Bergen Street 2712 36 South 25X105 2,625
784 Bergen Street 2712 37 South 25X105 2,625

(25,691.55 Total Sq. Ft.)
(the "City Properties"); and

WHEREAS, Build Newark, LLP, having an address of 1107 Convery Boulevard, 2nd Fl., Perth Amboy, New Jersey 08861 ("Build Newark") is the owner of the following parcels of real property located in the City of Newark, Essex County, New Jersey:

Address Block Lot Ward Size Sq. Feet
772 Bergen Street 2707 30 South 25X105 2,625
775 Bergen Street 2711|9
9| South 25X105 2,625
787-791 Bergen Street 2711|99| South 75X105 7,875
793 Bergen Street 2711 11 South 25X105 2,625
949-951 Bergen Street 3667|99| South 37X98.1 3,629.7
947 Bergen Street 3667|99| South 22.11X99.3 2,195.52
1151 Bergen Street 3691|99| South 37X100 3,700

(25,275.22 Total Sq. Ft.)
(the "Build Newark Properties"); and

WHEREAS, pursuant to N.J.S.A. 40A:12-5(a)(1), the City is authorized to exchange real property by Ordinance; and

WHEREAS,...