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AN ORDINANCE TO APPROVE ACCESS EASEMENT AGREEMENT TO BLOCK 1, LOT 60 AND BLOCK 2, LOT 29, 932-948 MCCARTER HIGHWAY AND 950-964 MCCARTER HIGHWAY, NEWARK, NEW JERSEY 07102, FROM THE CITY OF NEWARK TO NEWARK WATERFRONT ASSOCIATES, LLC,120 ALBANY STREET, NEW BRUNSWICK, NEW JERSEY 08901 AND SUBSEQUENT OWNERS IN INTEREST. (CENTRAL WARD)
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WHEREAS, pursuant to the Redevelopment Agreement dated December 19, 2017, between the City of Newark, a public body corporate and politic of the State of New Jersey (the "City"), and Newark Waterfront Associates, LLC, a New Jersey limited liability company (the "Redeveloper") the parties intend the conveyance of certain real property in the City of Newark now or formerly designated as Block 1, Lots 30 and 46 with an address of 10-18 Passaic Place / 930 McCarter Highway, Newark, New Jersey 07102 (the "Redeveloper Property"); and
WHEREAS, the City owns certain real property in the City of Newark, New Jersey designated as Block 1, Lot 60 and Block 2, Lot 29, 932-948 McCarter Highway and 950-964 McCarter Highway (the "City Property"), which is currently improved with certain driveways and other improvements; and
WHEREAS, the Redeveloper intends to develop a mixed-use project and related site improvements on the Redeveloper Property (collectively, the "Project"), which may include, but shall not be limited to, a combination of surface parking, structured parking, retail use, office use, multi-family residential use and other commercial uses; and
WHEREAS, in accordance with the Redevelopment Agreement and the Newark's River: Public Access & Redevelopment Plan adopted August 7, 2013, as amended, by that First Amendment to Newark's River: Public Access & Redevelopment Plan adopted October 11, 2017, as further amended by that Second Amendment to Newark's River: Public Access & Redevelopment Plan adopted February 27, 2018, and as further amended by that Third Amendment to Newark's River:...
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