Title
AN ORDINANCE AMENDING 6PSF-C, ADOPTED ON JANUARY 5, 2017, AND AUTHORIZING THE MAYOR OF THE CITY OF NEWARK, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO AND EXECUTE A SECOND AMENDMENT TO THE AGREEMENT FOR THE CONVEYANCE OF REAL PROPERTY WITH THE NEW JERSEY SCHOOLS DEVELOPMENT AUTHORITY MODIFYING CERTAIN MILESTONES SET FORTH IN THE AGREEMENT OF SALE AND RECORDED DEED OF CONVEYANCE.
body
WHEREAS, by Ordinance 6PSF-c, adopted on January 5, 2017, the Municipal Council authorized the Mayor of the City of Newark and/or his designee, then Acting Director of the Department of Economic and Housing Development to enter into an Agreement for Conveyance of Real Property with the New Jersey Schools Development Authority (the "Authority") for the conveyance of real property by the Authority to the City of Newark (the "Agreement"); and
WHEREAS, the Agreement was executed on March 23, 2017; and
WHEREAS, the Agreement provides for the transfer of the following parcels of real property owned by the Authority to the City, subject to certain terms and restrictions:
Address Block Lot Ward Size Sq. Feet
339-341 S. 11th Street 1784 10 West 30x100 3,000
345 S. 11th Street 1784 13 West 30x100 3,000
375 S. 11th Street 1784 28 West 30x100 3,000
381-395 South Orange Ave 1784 35 West 20,089
376 S. 12th Street 1784 44 West 30x77 2,310
372-374 S. 12th Street 1784 45 West 30x100 3,000
354 S. 12th Street 1784 55 West 43.5x100 4,350
350-352 S. 12th Street 1784 57 West 43.5x100 4,350
348 S. 12th Street 1784 58 West 25x100 2,500
338 S.12th Street 1784 63 West 28x100 2,800
317-319 S. 12th Street 1785 1 West 42.7x100 4,270
321-323 S. 12th Street 1785 2 West 56x100 5,600
325 S. 12th Street 1785 4 West 28x100 2,800
327 S. 12th St...
Click here for full text