Share to Facebook Share to Twitter Bookmark and Share
File #: 18-1717    Version: 1 Name: Ordinance Approving Purchase of Shani Baraka Center
Type: Ordinance Status: Adopted
File created: 11/1/2018 In control: Economic and Housing Development
On agenda: 1/9/2019 Final action: 2/22/2019
Title: ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO A CONTRACT FOR THE PURCHASE OF REAL ESTATE WITH ALPERT AND ALPERT DEVELOPMENT, LTD. FOR THE ACQUISITION OF THE SHANI BARAKA CENTER PROPERTY LOCATED AT 276-300 CLINTON AVENUE, NEWARK, NEW JERSEY, ALSO KNOWN AS BLOCK 2670, LOT 1.14, IN THE SOUTH WARD, FOR TWO MILLION THREE HUNDRED TWENTY THOUSAND ONE HUNDRED DOLLARS AND ZERO CENTS ($2,320,100.00), WITH CREDIT OF 35% OF TOTAL RENT TO DATE, $140,875.00, AND DEBIT OF RENT DUE AND OWING OF $192,500.00. Deferred 6F-a 012319 Deferred 6PSF-a 020619
Sponsors: Council of the Whole
Attachments: 1. 18-1717 certified ordinance.pdf
Related files: 15-1825
Title
ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO A CONTRACT FOR THE PURCHASE OF REAL ESTATE WITH ALPERT AND ALPERT DEVELOPMENT, LTD. FOR THE ACQUISITION OF THE SHANI BARAKA CENTER PROPERTY LOCATED AT 276-300 CLINTON AVENUE, NEWARK, NEW JERSEY, ALSO KNOWN AS BLOCK 2670, LOT 1.14, IN THE SOUTH WARD, FOR TWO MILLION THREE HUNDRED TWENTY THOUSAND ONE HUNDRED DOLLARS AND ZERO CENTS ($2,320,100.00), WITH CREDIT OF 35% OF TOTAL RENT TO DATE, $140,875.00, AND DEBIT OF RENT DUE AND OWING OF $192,500.00.
Deferred 6F-a 012319
Deferred 6PSF-a 020619


body


WHEREAS, the City of Newark ("City") is authorized to acquire real and personal property, for public purposes pursuant to the Local Lands and Buildings Law (N.J.S.A. 40A:12-1 et seq.); and

WHEREAS, in accordance with N.J.S.A. 40A:12-3(a) "Any county or municipality may acquire, construct and maintain such buildings or other capital improvements as may be necessary and suitable for the performance of its functions, the accommodation of the courts required to be held in the county or municipality, the conduct of public business and the use of the county and municipal departments, officers, boards, commissions and agencies in charge of institutions and facilities and any other county or municipal public purposes, and from time to time as necessary, repair, alter, enlarge, rebuild, furnish, refurnish, refurbish or rehabilitate such buildings."; and

WHEREAS, on May 16, 2000, the Municipal Council of the City of Newark ("Municipal Council") adopted Resolution 7Rb(S) that authorized the execution of an Agreement for Private Sale and Redevelopment of City Block 2670 (the "Agreement") to Alpert and Alpert Development, Ltd., 1 Parker Plaza Fort Lee, New Jersey 07024 ("Redeveloper"); and

WHEREAS, on November 5, 2015, by Resolution 7R3-b, the Municipal Council authorized the Mayor and/or his designee, the Di...

Click here for full text