AN ORDINANCE AUTHORIZING THE ASSIGNMENT AND ASSUMPTION OF THE FINANCIAL AGREEMENT FROM 306 MLK BLVD URBAN RENEWAL COMPANY, LLC (“ASSIGNOR”) TO QOZB ELLAVOZ NEWARK URBAN RENEWAL COMPANY, LLC (“ASSIGNEE”) AND AMENDMENT NO. 1 TO FINANCIAL AGREEMENT TO AMEND THE PROJECT DESCRIPTION AND AMEND CONSTRUCTION SCHEDULE FOR THE PROJECT, LOCATED IN THE CENTRAL WARD AT 292-306 DR. MARTIN LUTHER KING JR. BOULEVARD, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 42, LOT 44.01.

What this record is

Held by

306 MLK BLVD Urban Renewal Company, LLC

Runs until

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

Type

contract

Field

Construction

construction 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.

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

Committee

Economic and Housing Development

Introduced

July 1, 2025

On agenda

August 6, 2025

Passed

September 4, 2025

Where it was heard

Municipal Council Sep 4, 2025 Close on Public Hearing and Adopt Pass Municipal Council Aug 6, 2025 Advance and Adopt on First Reading as 6F- Pass

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