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24-1162

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Redevelopment Agreement Purpose: To authorizing the execution of a Settlement Agreement with 50-58 Jersey Street, LLC. Entity Name: 50-58 Jersey Street, LLC Entity Address: 28 Clinton Street, Newark, New Jersey 07102 Contract Amount: Not Applicable Development Agreement Term: Not Applicable City Contribution to Development Project: ( ) Grant or Loan ( ) Guarantee (X) None ( ) Other Developer Investment: Not Applicable Developer Third-Party Financing: Not Applicable 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) 937-941 Raymond Boulevard/Block 170/Lot 1/East Ward 50-58 Jersey Street/Block 170/Lots 20/East Ward Additional Information:

Resolution Adopted Introduced August 15, 2024

What this record is

Held by
Jersey Street, LLC
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
amendment

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Read automatically from the title of the official record. The source document below is authoritative.

Committee
Economic and Housing Development
Introduced
August 15, 2024
On agenda
September 5, 2024
Passed
September 5, 2024

Where it was heard

Municipal Council Sep 5, 2024 Adopt Pass

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