All Legislation
Resolution25-0074Adopted
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying ( x ) Authorizing ( ) Amending Type of Service: Funding and Escrow Agreement Purpose: Funding and Escrow Agreement Between the City of Newark and Prudential Insurance Company of America, Devils Arena Entertainment LLC, Edison Properties, LLC and its affiliates, and J&L Companies and its affiliates Entity Name: Devils Arena Entertainment LLC, Edison Properties, LLC and its affiliates, and J&L Companies and its affiliates Entity Address: 25 Lafayette Street, Newark, New Jersey 07102 Contract Amount: N/A Funding Source: 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) Market Street on the North, Green Street on the South, McCarter Highway on the East, Broad Street on the West, Including the Prudential Center (“Mulberry Commons Area”)
Progress
✓
Introduced
Jan 13, 2025
✓
In Committee
Jan 22, 2025
✓
Passed
Jan 22, 2025
4
Enacted