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Dept/ Agency: Economic and Housing Development Department Action: ( ) Ratifying ( x ) Authorizing ( x ) Amending Type of Service: Redevelopment Agreement Purpose: Authorize Execution of an Agreement for the Redevelopment of Land Between the City of Newark and Thomas-Carter Village Urban Renewal, LLC and a Termination of Use Restriction/Restatement of Reverter Agreement between the City of Newark, the New Jersey Department of Transportation, and Thomas-Carter Village Urban Renewal, LLC Entity Name: Thomas-Carter Village Urban Renewal, LLC Entity Address: 60 Bergen Avenue, Teaneck, New Jersey 07666 Contract Amount: N/A Funding Source: 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) 103-109 Sussex Avenue/Block 2853/Lot 1.02/Central Ward 111-119 Sussex Avenue/Block 2853/Lot 69/Central Ward Additional Information:

Resolution Adopted Introduced October 16, 2025
Committee
Economic and Housing Development
Introduced
October 16, 2025
On agenda
November 6, 2025
Passed
November 6, 2025

Where it was heard

Municipal Council Nov 6, 2025 Adopt Pass