Title
AN ORDINANCE RATIFYING AND AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BETWEEN UNIVERSITY HOSPITAL (UH), A BODY CORPORATE AND POLITIC OF THE STATE OF NEW JERSEY (LANDLORD), AND THE CITY OF NEWARK, DEPARTMENT OF HEALTH AND COMMUNITY WELLNESS (TENANT), FOR THE LEASING OF THE PREMISES COMMONLY KNOWN AS 140 BERGEN STREET (CENTRAL WARD) BLOCK 211, LOT 1, PORTION OF LEVEL E, FOR THE PERIOD OF MARCH 1, 2017 THROUGH FEBRUARY 28, 2018, THE SUM OF $147,326.17, FOR USE AS AN AMBULATORY CARE FACILITY.
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WHEREAS, the City of Newark, Department of Health and Community Wellness, is in need of leasing a portion of Level E of the premises commonly known as 140 Bergen Street, Block 211, Lot 1 (the "Leased Premises"), on the Official Tax Maps of the City of Newark, New Jersey, for public utilization as an Ambulatory Care Facility; and
WHEREAS, the City of Newark (Tenant) and the University Hospital (UH), desires to enter into a lease agreement for the Leased Premises for the period of March 1, 2017 through February 28, 2018, for the sum of $147,326.17; and
WHEREAS, an amount of $147,326.17 is available and certified to lease the space for the period of March 1, 2017 through February 28, 2018, a copy of the Certification of Funds shall be filed in the Office of the City Clerk.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
Section 1. The Mayor and/or his designees, the Director of Health and Community Wellness and the Business Administrator of the City of Newark, are hereby authorized to enter into a lease agreement (hereinafter "Lease Agreement") in the form attached hereto, on behalf of the City of Newark ("Tenant") with the University Hospital (UH) (Landlord), for the leasing of a portion of Level E of the premises commonly known as 140 Bergen Street, Block 211, Lot 1, for use as an Ambulatory Care Facility, pursuant to N.J.S.A. 40:60-25.51, for the period ...
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