26-0709
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute C-PACE Assessment Agreement, Assignment Agreement, and Notice of Assessment Purpose: To authorize the execution of C-PACE financing documents, including a C-PACE Assessment Agreement, Assignment Agreement, and Notice of Assessment, in connection with a commercial development project located at Unit #1 of the Newark Studios Condominium, 741-811 Frelinghuysen Avenue Entity Name: Great Point Newark Studio, LLC Entity Address: 741-811 Frelinghuysen Avenue, Newark, New Jersey 07114 Funding Amount: Not to exceed $103,775,000.00 (C-PACE Assessment) Funding Source: Private financing secured through C-PACE Assessment Contract Period: Date of adoption through full repayment or discharge of C-PACE Assessment 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) Unit #1 of the Newark Studios Condominium 741-811 Frelinghuysen Avenue/Block 3746/Lot 1.01/South Ward Additional Information: The City’s role is limited to levying, billing, collecting, remitting, and enforcing the C-PACE Assessment in a ministerial capacity.
What this record is
- Amount
- $103.8M
- 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
- May 4, 2026
- On agenda
- May 6, 2026
- Passed
- May 6, 2026
Where it was heard
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