AN ORDINANCE AUTHORIZING THE EXECUTION OF A LICENSE AGREEMENT BETWEEN THE CITY OF NEWARK (LICENSEE AND CITY) AND BROAD ST FIDELCO LLC (LICENSOR AND FIDELCO) FOR THE CITY’S USE OF LICENSE AREA, AS SET FORTH IN THE LICENSE AGREEMENT, LOCATED AT 468-498 BROAD STREET, NEWARK, NEW JERSEY 07102, BLOCK 25, LOT 1 (CENTRAL WARD), PURSUANT TO N.J.S.A. 40A:12-3 & 5, TO BE USED AS A POLICE PRECINCT SUBSTATION BY THE DEPARTMENT OF PUBLIC SAFETY, OFFICE OF PROFESSIONAL STANDARDS, FOR A MONTHLY RENTAL AMOUNT OF $5,816.25, FOR A PERIOD OF TIME COMMENCING ON AUGUST 1, 2024 AND REMAINING IN EFFECT FOR THE PERIOD OF TIME UNTIL A NEW LEASE IS ENTERED INTO AND POSSESSION OF THE PREMISES THAT IS SUBJECT OF THE NEW LEASE IS DELIVERED TO LICENSEE. (CENTRAL WARD) Deferred 6PSF-f 120424