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”)

What this record is

Held by

Cottage Place II, 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

April 27, 2026

On agenda

May 6, 2026

Passed

May 6, 2026

Where it was heard

Municipal Council May 6, 2026 Adopt Pass

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