AN ORDINANCE AUTHORIZING THE EXECUTION OF A LICENSE AGREEMENT BETWEEN THE CITY OF NEWARK (LICENSEE AND CITY) AND BROAD ST FIDELCO LLC (LICENSOR AND FIDELCO) FOR THE CITY’S USE OF LICENSE AREA, AS SET FORTH IN THE LICENSE AGREEMENT, LOCATED AT 468-498 BROAD STREET, NEWARK, NEW JERSEY 07102, BLOCK 25, LOT 1 (CENTRAL WARD), PURSUANT TO N.J.S.A. 40A:12-3 & 5, TO BE USED AS A POLICE PRECINCT SUBSTATION BY THE DEPARTMENT OF PUBLIC SAFETY, OFFICE OF PROFESSIONAL STANDARDS, FOR A MONTHLY RENTAL AMOUNT OF $5,816.25, FOR A PERIOD OF TIME COMMENCING ON AUGUST 1, 2024 AND REMAINING IN EFFECT FOR THE PERIOD OF TIME UNTIL A NEW LEASE IS ENTERED INTO AND POSSESSION OF THE PREMISES THAT IS SUBJECT OF THE NEW LEASE IS DELIVERED TO LICENSEE. (CENTRAL WARD) Deferred 6PSF-f 120424

What this record is

Held by

Broad ST Fidelco LLC 2 records across this site

Amount

$6K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Technology

technology contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

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Broad ST Fidelco LLC also holds

AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE CITY OF NEWARK (TENANT) AND BROAD ST FIDELCO LLC (LANDLORD) FOR THE LEASING OF… $70K Newark, NJ ends Nov 20, 2029

Committee

Economic and Housing Development

Introduced

November 20, 2024

On agenda

November 26, 2024

Passed

December 18, 2024

Where it was heard

Municipal Council Dec 18, 2024 Close on Public Hearing and Adopt Pass Municipal Council Dec 4, 2024 Maintained on Public Hearing and Deferred Pass Municipal Council Nov 26, 2024 Advance and Adopt on First Reading as 6F- Pass

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