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Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Assignment of Contract Agreement Purpose: Resolution consenting to the Assignment of the Financial Agreement from Riverfront Quarters Urban Renewal, LLC, to Riverview Lofts Urban Renewal, LLC for a Residential Rental Project located at 638-646 Raymond Boulevard, Newark, New Jersey 07105 and identified on the Official Tax Map of the City of Newark, as Block 2020, Lot 4. Entity Name: Riverview Lofts Urban Renewal, LLC Entity Address: 1405 N Broad Street, Hillside, NJ 07205 Abatement Period: Term of tax abatement remaining years upon transfer. 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) (638-646 Raymond Boulevard, Newark, New Jersey 07105 and identified on the Official Tax Map of the City of Newark, as Block 2020, Lot 4 Additional Information: Original tax abatement granted by Ordinance 6PSF-d 091824

Resolution Adopted Introduced June 11, 2025

What this record is

Held by
Riverfront Quarters Urban Renewal, 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
June 11, 2025
On agenda
July 2, 2025
Passed
July 2, 2025

Where it was heard

Municipal Council Jul 2, 2025 Adopt Pass

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