Title
AN ORDINANCE AUTHORIZING THE ACQUISITION BY THE CITY OF NEWARK FROM INTERNATIONAL YOUTH ORGANIZATION, OF CERTAIN REAL PROPERTY AT 697-703 SOUTH 12TH STREET, LOCATED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2619, LOT 38, TO BE FUNDED THROUGH A FEDERAL WORKFORCE DEVELOPMENT GRANT FUNDING PROGRAM AWARDED TO THE CITY OF NEWARK, FOR THE PURPOSE OF DEVELOPING AND OPERATING A TRAINING SITE DEDICATED TO UNION AND NON-UNION APPRENTICESHIPS IN SKILLED BUILDING TRADES.
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WHEREAS, the Local Lands and Buildings Law, codified at N.J.S.A. 40A:12-1 et seq. (the "Local Lands and Buildings Law"), provides that a municipality may, by ordinance, acquire real property or an interest therein by purchase, gift, devise, lease, exchange or condemnation; and
WHEREAS, the Property, located at 697-703 South 12th Street (Block 2619, Lot 38) has been offered for sale by International Youth Organization to the City of Newark (the "City"); and
WHEREAS, the Municipal Council has determined that the Property is suitable for developing and operating a training site dedicated to: (1) union and non-union apprenticeships in skilled building trades; (2) cutting-edge technologies for workforce training and upskilling; (3) community-based workforce development, technical assistance, and entrepreneurship assistance; and (4) supportive services, like stipends, transportation, child-care and incentives to residents of the City (the "Training Site"); and
WHEREAS, the City has applied for a grant from the Federal Workforce Development Grant Funding Program (the "Grant") to fund the costs of renovations to the building on the Property for use as a Training Site; and
WHEREAS, pursuant to the Local Lands and Buildings Law, the City has negotiated a Purchase and Sale Agreement with International Youth Organization outlining the terms of the purchase of the Property, as described on the Legal Description set forth in Exhibit A to the Purcha...
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