Dept/ Agency: Economic Housing and Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving Assignment Agreement Project Information: RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK CONSENTING TO THE ASSIGNMENT OF THE FINANCIAL AGREEMENT FROM cottage place ii, llc TO cottage place apartments, llc FOR AN AFFORDABLE HOUSING PROJECT LOCATED AT the property is now commonly known as 125 West Kinney Street, 607-639 Dr. Martin Luther King, Jr. Boulevard, 86-96 Lincoln Street, and 8-24 Dolby Place, and is currently identified on the Official Tax Map of the City of Newark as Block 2509, Lot 60; Block 2509, Lot 1; Block 2509.01, Lot 1; Block 2509.02, Lot 1; and Block 2509.03, Lot 1 (collectively, the “Project”) Additional Information:

Committee

Economic and Housing Development

Introduced

March 12, 2026

On agenda

March 18, 2026

Passed

March 18, 2026

Where it was heard

Municipal Council Mar 18, 2026 Adopt Pass

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