Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Indemnity Agreement
Purpose: Authorizing the Execution of an Indemnity Agreement with Doremus Newark, LLC, Doremus Newark II, LLC, El Sid Properties LLC, and Equity Industrial Partners from Any Claims of Bodily Injury Arising Out of the Operation of the Firing Range on the Motiva Site
Additional Information:
Entity Name: Doremus Newark, LLC, Doremus Newark II, LLC, El Sid Properties LLC, and Equity Industrial Partners
Entity Address: Doremus Newark, LLC: 20 Pickering St., Needham, MA 02492; Doremus Newark II, LLC: Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801; El Sid Properties LLC: Care of Victor Herlinsky at Sills Cummis & Gross, P.C.; and Equity Industrial Partners: 20 Pickering Street, Needham, Massachusetts 02492
(Address/Block/Lot/Ward)
740-768 Doremus Avenue/Block 5074/ Lots 5, 9, 9.01/East Ward
body
WHEREAS, on or about July 1, 1993, the City entered into a Lease Agreement whereby the City leased a portion of certain real property located upon Block 5074, Lots 5, 9 and 9.01 on the tax map of the City of Newark (on the southerly side of Delancey Street) (the "Leased Property") to be utilized as the City of Newark Police Department's Firearms Training Facility and shooting range (the "Firing Range") until August 31, 2008 in exchange for One Dollar and Zero Cents ($1.00) per year plus payment of the property taxes by the City (the "Lease Agreement"); and
WHEREAS, by Deed dated May 25, 2005, and recorded with the Essex County Register in Book 6194, page 186, Doremus Newark, LLC ("Doremus") acquired a 53-acre parcel of land comprising Block 5074, Lots 5, 9 and 9.01 ("Motiva Site") from Motiva Enterprises, LLC ("Motiva"), a portion of which was expressly subject to the Lease Agreement and as such, was assigned from Motiva to Doremus in the transaction; and
WHEREAS, on or ...
Click here for full text