Title
Dept/ Agency: Administration/ Office of the Business Administrator
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Partnership Agreement pursuant to N.J.S.A. 40:12-20
Purpose: The rehabilitation, improvement, and renovation of the Ironbound Ice Rink, 226 Rome Street, Newark, New Jersey (East Ward)
Entity Name: Devils Renaissance Development, LLC.
Entity Address: 165 Mulberry Street, Newark, New Jersey 07102-3607
Allocation Amount: Amount not to exceed $5,500,000.00
Funding Source: City of Newark - Bond Ordinance 6PSF-b adopted on April 19, 2017
Contract Period: June 1, 2017 and terminating three (3) years from Project Completion
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
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WHEREAS the City of Newark (hereinafter "Newark") has identified that local parks are in need of rehabilitation, renovation, and redevelopment, which will improve the quality of life of its citizens, continue to foster economic growth and development, and improve the City's aging infrastructure; and
WHEREAS through Ordinance 6PSF-b April 19, 2017, the Mayor and Municipal Council of the City of Newark authorized the appropriation of Five Million Five Hundred Thousand Dollars ($5,500,000.00) for renovations to the Ironbound Ice Rink, 226 Rome Street, Newark, New Jersey ("Ice Rink") for all work, labor, materials, and appurtenances necessary and suitable for such purposes; and
WHEREAS, through enacting N.J.S.A. 40:12-20 et seq., the State of New Jersey recognizes the needs of municipalities to enter into agreements to rehabilitate, renovate, improve, and maintain their parks and recreational facilities, and thus authorizes municipalities to establish mutually beneficial partnerships, through an agreement, with o...
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