7R2-c
7R2-d
7R2-e
Dept./ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2025 Annual Budget for Bloomfield Avenue - Lower
Broadway Business Improvement District (BALBA)
Purpose: Introduction of the 2025 Annual Budget for Bloomfield Avenue -
Lower Broadway Business Improvement District.
Amount: $448,000.00
Budget Period: January 1, 2025 through December 31, 2025
Additional Information:
Ordinance 6PSF-h adopted on July 12, 2017, authorized the creation of
the Bloomfield Avenue - Lower Broadway Business Improvement District.
A motion was made by the Council of the Whole to Adopt. The motion was
adopted by the following votes:
8 -
Yes:
Patrick O. Council, Carlos M. Gonzalez, Dupré L. Kelly, Luis A. Quintana,
Anibal Ramos Jr., Louise Scott-Rountree, Michael J. Silva, and C.
Lawrence Crump
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2025 Annual Budget for Mt. Prospect Avenue
Neighborhood Improvement District Management Corporation (MPANID)
Purpose: Introduction of the 2025 Annual Budget for the Mt. Prospect
Avenue Neighborhood Improvement District.
Amount: $330,000.00
Budget Period: January 1, 2025 through December 31, 2025
Additional Information:
Ordinance 6S&Ff adopted on June 20, 2007 created the Mt. Prospect
Avenue Neighborhood Improvement District.
A motion was made by the Council of the Whole to Adopt. The motion was
adopted by the following votes:
8 -
Yes:
Patrick O. Council, Carlos M. Gonzalez, Dupré L. Kelly, Luis A. Quintana,
Anibal Ramos Jr., Louise Scott-Rountree, Michael J. Silva, and C.
Lawrence Crump
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Execute Community Benefits Agreement
Purpose: To authorize the execution of
a
Community Benefits
Agreement between the City of Newark, 930 McCarter Urban Renewal,
LLC, Elizabeth Development Company of New Jersey and the New
Jersey Economic Development Authority as a condition of receiving tax
credits incentives under the Aspire Program Act, N.J.S.A. 34:1B-322 et
seq., towards the construction of a new twenty-five (25) story mixed-use
high-rise tower with three hundred thirty-three (333) residential units,
twenty percent (20%) of which shall be affordable housing, 3,750 square
feet of retail space on the ground floor and a four (4) story structured
parking garage with approximately two hundred forty (240) parking stalls