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ORDINANCE RATIFYING AND AUTHORIZING THE MAYOR AND/OR HIS DESIGNEE, THE DIRECTOR OF THE DEPARTMENT OF HEALTH AND COMMUNITY WELLNESS, TO ENTER INTO AND EXECUTE A LEASE AGREEMENT WITH NOVUS UNION, LLC, HAVING OFFICES AT 50 UNION AVENUE, IRVINGTON, NEW JERSEY, 07111 (LANDLORD), FOR THE PROPERTY LOCATED AT 46-58 UNION AVENUE, SUITE 702 AND 703, IRVINGTON, NEW JERSEY, 07111, AND COMMONLY KNOWN AS 50 UNION AVENUE, SUITE 702 AND 703 , IRVINGTON, NEW JERSEY 07111 AND APPEARING ON THE TOWNSHIP OF IRVINGTON OFFICIAL TAX MAP AS BLOCK 273, LOT 5, FOR THE PERIOD OF FIVE (5) YEARS FROM THE DATE OF COMMENCEMENT, AS DEFINED IN THE LEASE AGREEMENT, TO BE USED AS A WIC SITE, FOR AN ANNUAL RENT STARTING AT $47,400.00, IN THE FIRST YEAR AND ESCALATING YEARLY TO AN AMOUNT NOT TO EXCEED $51,307.29 IN YEAR FIVE (5).
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WHEREAS, the City's Department of Health and Community Wellness, is in need of leasing office space located at 46-58 Union Avenue, Suite 702 and 703, Irvington, New Jersey, 07111, and commonly known as 50 Union Avenue, Suite 702 and 703, Irvington, New Jersey 07111, and appearing as Block 273 Lot 5 (the "Leased Premises"), on the Official Tax Map of the Township of Irvington, New Jersey, for public utilization as a WIC Site; and
WHEREAS, the City's Department of Health and Community Wellness ("Tenant") and Novus Union, LLC ("Landlord"), desire to enter into a lease agreement for the Leased Premises (hereinafter "Lease Agreement"), for the period of five (5) years from the date of commencement, as defined in the Lease Agreement, for an annual rent starting at Forty-Seven Thousand Four Hundred Dollars and Zero Cents ($47,400.00) in the first year, and escalating yearly to an amount not to exceed Fifty-One Thousand Three Hundred Seven Dollars and Twenty-Nine Cents ($51,307.29) in year five.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
Section 1. The Mayor and/or his des...
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