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11-0212
| 1 | 7R3-a (s) | | Resolution | Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Application for Long-Term Tax Abatement
Purpose: The entity will pay the City of Newark an annual service charge based on 6.28% of annual gross revenue for the residential rentals and 15% of all other income generated by the project.
Entity Name: GKV Preservation Partnership, LP
Entity Address: c/o Southport Financial Services, Inc., 2430 Estancia Blvd., Suite 101, Clearwater, FL 33761
Abatement Period: Through August 31, 2024
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property:
Address/Block/Lot/Ward
48-70 Littleton Avenue/Block 1808/Lot 1/West
4-46 Littleton Avenue/Block 1832/Lot 1/West
352-370 West Market Street/Block 1833/Lot 1 Rear, 60/West
372-374 West Market Street/Block 1833/Lot 1 Rear, 65/West
17-49 Bergen Street/Block 1834/Lot 55/West
Addi | Pass |
Not available
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11-0213
| 1 | 7R3-b (s) | | Resolution | Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Pledge and Assignment Agreement
Purpose: Approve the form of Pledge and Assignment Agreement for use in Redevelopment Area Bond Financing Law Transactions
Contract Period: Shall take effect immediately
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
For use where a precise form of pledge and assignment agreement was, or is, not approved in the ordinance authorizing such tax exemption, annual service charges and related pledge and assignment | Pass |
Not available
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11-0215
| 1 | 7R3-c (s) | | Resolution | Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Amend Resolution 7R3-a 070208, to reinsert the property for Sale of Land and Redevelopment
Entity Name: Jarid Jamar Construction Company, Inc.
Entity Address: 9 Weber Road, West Orange, NJ 07052
Sale Amount: $6,000.00
Cost Basis: ( ) $____ PSF ( ) Negotiated ( ) N/A (X) Other: $2,000 per housing unit, 3 units
Assessed Amount: Not provided
Appraised Amount: Not provided
Contract Period: Commenced within six months and completed within 12 months
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
(X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
Address/Block/Lot/Ward
130-132 West End Avenue/4042/17/West Ward
Additional Information: N/A | Pass |
Not available
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11-0216
| 1 | 7R7-a (s) | | Resolution | Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: CSVOT 11778-2009N
Claimant: Wendell Harper
Claimant's Attorney: Fusco and Macalauso, LLC.
Attorney's Address: 150 Pssaic Avenue, Passaic, NJ 07055
Settlement Amount: $220,000.00
Funding Source: City of Newark Budget/ Police Department
Additional Comments: N/A
Invitation: Corporation Counsel, March 8, 2011 | Pass |
Not available
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11-0217
| 1 | 7R7-b (s) | | Resolution | Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: CO-2007-070, CO-2007-071, and CO-2008-136
Claimant: Lieutenant Gregory Gilhooley, Lieutenant Gary Vickers, Lieutenant Amilkar Velez and Sergeant Scott Sayre
Claimant's Attorney: Markowitz & Richman, Esqs.
Attorney's Address: 1100 North American Building, 121 South Broad Street, Philadelphia, PA 19107
Settlement Amount: $48,507.72
Funding Source: City of Newark Budget/ Police Department
Additional Comments: N/A
Invitation: Corporation Counsel, March 8, 2011 | Pass |
Not available
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11-0218
| 1 | 7R9-a (s) | | Resolution | Dept/ Agency: Offices of Municipal Council/City Clerk
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Hold Harmless and Indemnification Agreement
Purpose: North Ward Tax Appeal Seminar
Entity Name: Newark Board of Education
Entity Address: 2 Cedar Street, Newark, NJ 07102
Event Date: Tuesday, March 15, 2011
Event Time: 6:00 P.M. to 9:00 P.M.
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Event Information:
Facility/Location/Area
Park Elementary School, 120 Manchester Place, Newark, NJ 07104/Library
Additional Information: N/A | Pass |
Not available
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11-0210
| 1 | 8.-a (s) | | Ordinance | An Ordinance granting a Thirty (30) Year Tax Abatement to 75 First Street Associates Urban Renewal Entity, LLC., the owner of a commercial/retail project located on property identified on the Official Tax Map as Block 1880, Lot 1, and more commonly known as 75-85 First Street/65-103 Dickerson Street, for the period commencing from the date of issuance of the certificate of occupancy and expiring Thirty (30) Years thereafter. Project name: Food Depot Supermarket | Pass |
Not available
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11-0211
| 1 | 8.-b (s) | | Ordinance | An Ordinance granting a Thirty (30) Year Tax Abatement to 360-394 Springfield Urban Renewal Company LLC., the owner of a commercial/retail project located on property identified on the Official Tax Map as Block 297, Lot 19, and more commonly known as 360-390 Springfield Avenue, for a Thirty Year Period.
Deferred 8b (s) 030811
Invitation: Director of Economic & Housing Development, April 5, 2011 | Pass |
Not available
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