Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Redevelopment Agreement
Purpose: Amending the Redevelopment Agreement with Military Park Partnership for Restoration of Wars of America Monument
Entity Name: Military Park Partnership
Entity Address: c/o The Newark Alliance, 744 Broad Street, Suite 1705, Newark, New Jersey 07102
Contract Amount: $300,000.00
Development Agreement Term:
City Contribution to Development Project: ( ) Grant or Loan ( ) Guarantee
(X) None ( ) Other
Developer Investment: N/A
Developer Third-Party Financing
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
Military Park/Block 124/Lot 1/Central Ward
Additional Information:
Resolution 7Rdo(as) adopted on June 15, 2005 designating entire City an "Area in Need of Rehabilitation".
Ordinance 6PHSF-g adopted on September 3, 2008 established the "Living Downtown Redevelopment Plan".
Resolution 7R2-e adopted on October 11, 2018, accepts a grant award from the County of Essex in the amount of $300,000.00 from its' Recreation and Open Space Trust Fund Local Aid Program (the "Open Space Trust") to fund the renovation of the Monument.
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WHEREAS, on June 15, 2005, the Municipal Council of the City of Newark adopted Resolution 7Rdo(A.S.), designating the entirety of the City as "an area in need of rehabilitation" as defined by the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq.; and
WHEREAS, on September 3, 2008, the Municipal Council adopted Ordinance 6Phsf-g, adopting the Living Downtown Redevelopment Plan (the "Redevelopment Plan"); and
WHEREAS, Military Park (the "Park"), which is in the area covered by the Redevelopment Plan, i...
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