Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Resolution Endorsing
Purpose: Endorsement to the Essex County Utilities Authority Supporting a Capacity Increase Application
Additional Information:
Lemcor, Inc., and JAMM Realty Holdings, LLC.
170 Frelinghuysen Avenue, Newark, New Jersey 07102
List of Properties subject to agreement:
170-172 Frelinghuysen Avenue/Block 2780/Lot 28/South Ward
174-180 Frelinghuysen Avenue/Block 2755/Lot 1/South Ward
221-243 Foundry Street/Block 5005/Lot 1.02/East Ward
275-279 Avenue P/Block 5005/Lot 15/East Ward
body
WHEREAS, the purpose of this resolution is to authorize the execution of an Agreement Regarding an Endorsement to the Essex County Utilities Authority Supporting a Certain Capacity Increase Application involving the real properties located at Block 2780, Lot 28 and Block 2755, Lot 1, more commonly known as 170-172 and 174-180 Frelinghuysen Avenue, respectively; and
WHEREAS, JAMM Realty Holdings, LLC ("Jamm") is the contract purchaser of the real properties located at 221-243 Foundry Street, Block 5005, Lot 1.02 and 275-279 Avenue P, Block 5005, Lot 15, on the tax map of the City of Newark (the "Foundry Street Parcel"); and
WHEREAS, following its acquisition of the Foundry Street Parcel, Jamm intended to ground lease the Foundry Street Parcel to Lemcor, Inc. ("Lemcor"), an affiliate of Jamm, for the construction and operation of a solid waste transfer station/materials recovery facility ("TS/MRF") at that location; and
WHEREAS, Lemcor is the holder of a Solid Waste Facility permit issued by the New Jersey Department of Environmental Protection (the "Department") to erect and operate a TS/MRF at the Foundry Street Parcel (the "Foundry Street Permit") which such permit is currently in the process of being renewed by Lemcor, as the conveyance of the Foundry Street Parcel to Jamm has not yet oc...
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