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19-2024
| 2 | 6PSF-a (s) | Ordinance: 155 Washington Street Urban Renewal, LLC | Ordinance | ORDINANCE AUTHORIZING AND APPROVING AN AMENDED AND RESTATED FINANCIAL AGREEMENT, ORIGINALLY APPROVED BY ORDINANCE 6PSF-g ADOPTED ON DECEMBER 19, 2018, WHICH APPROVED AND GRANTED A TAX ABATEMENT TO 155 WASHINGTON STREET URBAN RENEWAL, LLC, 155 WASHINGTON STREET, NEWARK, NEW JERSEY 07102 (C/O L&M, 1865 PALMER AVENUE, SUITE 203, LARCHMONT, NEW YORK 10538) FOR THE EARLIER OF THIRTY (30) YEARS FROM THE DATE OF EXECUTION OF THE FINANCIAL AGREEMENT, OR TWENTY-FIVE (25) YEARS FROM THE DATE OF SUBSTANTIAL COMPLETION OF THE PROJECT, OR THE DATE WHEN NO BOND REMAINS OUTSTANDING, FOR A PROJECT TO CONSTRUCT APPROXIMATELY 249 MARKET RATE RENTAL UNITS, 4,000 SQUARE FEET OF OFFICE SPACE, AND 6,000 SQUARE FEET OF RETAIL SPACE LOCATED ON PROPERTY KNOWN AS 141-149, 151-153, 155, 157-159 WASHINGTON STREET AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY AS BLOCK 66, LOTS 12, 13, 38, 42, 43, 44, 45, 45-B01, 47, AND 47-B01 (CENTRAL WARD).
Deferred 6PSF-b 012220
Amended 6PSF-a (s) 012820
Deferred 6PSF-c 020520
Deferred 6PSF-a (s) 021120
Amended 6PSF-a 021920 | Pass |
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19-0751
| 1 | 7R2-a (s) | Excelsior Property Group LLC | Resolution | Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To rehabilitate the existing structures to create affordable rental or for-sale housing.
Entity Name: Excelsior Property Group, LTD Liability Company
Entity Address: 65 N. 6th Street, Newark, New Jersey 07107
Sale Amount: $79,527.50
Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $434,200.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twelve (12) months from the transfer of ownership by the City
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)
44 Fabyan Place/Block 3076/Lot 1/South Ward
101 Fabyan Place/Block 3091/Lot 13/South Ward
103 Fabyan | Pass |
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20-0065
| 1 | 7R2-b (s) | Investigation of Area in Need of Redevelopment - Bruen Street | Resolution | Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Investigation of an Area in Need of Redevelopment
Purpose: Central Planning Board to determine if area is in need of redevelopment
List of Property:
(Address/Block/Lot/Ward)
53-55 Bruen Street/Block 195/Lot 12/East Ward
57 Bruen Street/Block 195/Lot 31.01/East Ward
Additional Information: | Pass |
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19-1289
| 1 | 8.-a (s) | Center City Apartments ASSOCIATES Urban Renewal, LLC LTTE | Ordinance | AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO CENTER CITY APARTMENT ASSOCIATES URBAN RENEWAL, LLC, 691 ELIZABETH AVENUE, SUITE 2, NEWARK, NEW JERSEY 07112 FOR A PROJECT TO REHABILITATE THIRTEEN (13) AFFORDABLE HOUSING BUILDINGS, COMMONLY REFERRED TO AS PUEBLO CITY, CENTER CITY 3, AND JOHNSON APARTMENTS CONSISTING OF APPROXIMATELY TWO HUNDRED AND FOURTEEN (214) AFFORDABLE HOUSING UNITS LOCATED AT 12-14 PENNSYLVANIA AVENUE, 17-19 PENNSYLVANIA AVENUE, 15 THOMAS STREET, 23, 25 AND 27-39 JOHNSON AVENUE, 20-30, 32-34, 46-54 AND 60-74 ASTOR STREET, 19-33 MURRAY STREET AND 83-85 BRUNSWICK STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 2826, LOT 28, BLOCK 2824, LOT 40, BLOCK 2826, LOT 39, BLOCK 2669, LOT 14, BLOCK 2674, LOT 56, BLOCK 2675, LOT 1, BLOCK 2803, LOT 1, BLOCK 2803, LOTS 7 AND 8, BLOCK 2808, LOT 14, BLOCK 2808, LOT 21, BLOCK 2811, LOT 1 AND BLOCK 2819, LOT 17 (THE “PROJECT”).(EAST AND SOUTH WARDS) | Pass |
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20-0208
| 1 | 8.-b (s/as) | Ordinance amending Flood Damage Prevention to remain in compliance with National Flood Insurance Program Regulations | Ordinance | ORDINANCE AMENDING TITLE 12, FLOOD DAMAGE PREVENTION, TO PROMOTE THE PUBLIC HEALTH, SAFETY, AND GENERAL WELFARE OF RESIDENTS AND BUSINESSES IN THE CITY OF NEWARK, NEW JERSEY, AS REQUIRED, IN ORDER TO REMAIN IN COMPLIANCE WITH CURRENT NATIONAL FLOOD INSURANCE PROGRAM (NFIP) REGULATIONS. | Pass |
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