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26-1155

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.

Ordinance Public Hearing, Second Reading and Final Passage Introduced August 3, 2026

What this record is

Held by
Block 3773, LOT 53 TO Virginia Street Fidelco, LLC
Amount
$13.8M
Runs until
no end date published in this record
Type
contract
Field
Construction

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

Where it was heard

Municipal Council Aug 5, 2026 Advance and Adopt on First Reading as 6F- Pass