AN ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DEPUTY MAYOR/DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO AUTHORIZE THE SALE AND TRANSFER OF THE CITY OF NEWARK PROPERTY IDENTIFIED ON THE CITY OF NEWARK TAX MAP AS BLOCK 3773, LOTS 15, 41, 43 and BLOCK 3773, LOT 53 TO VIRGINIA STREET FIDELCO, LLC FOR THE AMOUNT OF $13,810,000.00, LESS THE REMEDIATION AND DEMOLITION CREDIT, PURSUANT TO AN AMENDED AND RESTATED AGREEMENT FOR SALE AND REDEVELOPMENT OF LAND.

What this record is

Held by

Block 3773, LOT 53 TO Virginia Street Fidelco, LLC

Amount

$13.8M

Runs until

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

Type

amendment

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

August 3, 2026

On agenda

August 5, 2026

Passed

September 9, 2026

Where it was heard

Municipal Council Sep 9, 2026 Close on Public Hearing and Adopt Pass Municipal Council Aug 5, 2026 Advance and Adopt on First Reading as 6F- Pass

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