All Legislation
Ordinance25-0977Adopted

AN ORDINANCE AUTHORIZING THE ASSIGNMENT AND ASSUMPTION OF THE FINANCIAL AGREEMENT FROM 306 MLK BLVD URBAN RENEWAL COMPANY, LLC (“ASSIGNOR”) TO QOZB ELLAVOZ NEWARK URBAN RENEWAL COMPANY, LLC (“ASSIGNEE”) AND AMENDMENT NO. 1 TO FINANCIAL AGREEMENT TO AMEND THE PROJECT DESCRIPTION AND AMEND CONSTRUCTION SCHEDULE FOR THE PROJECT, LOCATED IN THE CENTRAL WARD AT 292-306 DR. MARTIN LUTHER KING JR. BOULEVARD, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 42, LOT 44.01.

Progress

Introduced

Jul 1, 2025

In Committee

Aug 6, 2025

Passed

Sep 4, 2025

4

Enacted