Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Authorizing execution of a Release and Waiver of Lien Agreement with United States Environmental Protection Agency (USEPA)
Entity Name: United States Environmental Protection Agency
Entity Address: 290 Broadway, New York, New York 10007
Sale Amount: Not Applicable
Cost Basis: ( ) PSF ( ) Negotiated ( X ) N/A ( ) Other:
Assessed Amount: Not Applicable
Appraised Amount: Not Applicable
Contract Period: Not Applicable
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
List of Property:
(Address/Block/Lot/Ward)
646-696 Frelinghuysen Avenue/Block 3782/Lot 109/South Ward
Additional Information:
This legislation is related to Legistar 18-1068, which is the Interim Redevelopment Agreement, and 7R2-c, adopted on April 4, 2018, which is the Original Redevelopment Agreement.
Deferred 7R2-f (s) 091118
body
WHEREAS, the purpose of this resolution is to approve the execution of a Release and Waiver of Lien Agreement with the United States Environmental Protection Agency in order to resolve certain liens on the City-owned property located upon Block 3782, Lot 109, on the Tax Map of the City of Newark, more commonly known as 646-696 Frelinghuysen Avenue, Rear (the "Property") in order to allow for the sale and redevelopment of the Property; and
WHEREAS, as a result of certain tax foreclosure proceedings in or around 1996, the City acquired the Property which was, at that time, heavily contaminated due to on-site industrial operations dating back to 1931; and
WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq., as amended and supplemented (t...
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