Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Resolution Endorsing
Purpose: Support of the New Jersey Performing Arts Center's (NJPAC) Transformative Project
Additional Information:
RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK SUPPORTING THE NEW JERSEY PERFORMING ARTS CENTER PROJECT AND REQUESTNG THAT THE NEW JERSEY ECONOMIC DEVELOPMENT AGENCY CONSIDER THE PROJECT TO BE A TRANSFORMATIVE PROJECT, PURSUANT TO THE ASPIRE PROGRAM.
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WHEREAS, the New Jersey Performing Arts Center (the "NJPAC") is the largest not for profit cultural center in the State of New Jersey; and
WHEREAS, NJPAC intends to undertake a project within the City of Newark (the "City") consisting of the following components: (i) Lot A Residential and Commercial Development; (ii) Cooperman Center; (iii) Chambers Plaza; (iv) NJPAC Improvements; and (v) Infrastructure Improvements (collectively referred to herein as the "Project"), each of which is further described below and in Exhibit A attached hereto; and
WHEREAS, the Lot A Residential and Commercial Development shall consist of a high-rise tower, a mid-rise building and fifteen (15) low-rise homeownership units, totaling three hundred fifty (350) resident units, seventy (70) of which shall be affordable housing units in accordance with the City's Inclusionary and Zoning Ordinance 6PSF-b, adopted on October 4, 2017, as amended and supplemented, 9,300 square feet of office space and 13,300 square feet of ground floor retail space; and
WHEREAS, Cooperman Center shall consist of a new 53,000 square foot facility that includes a one hundred ninety-nine (199) seat studio theater for education initiatives and free community events, a suite of professional rehearsal studios, twelve (12) multi-purpose classrooms, a children's arts reading room and office space for NJPAC arts education staff; and
WHEREAS, Chambers Plaza shall ...
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