All Legislation
Ordinance22-1424Adopted

AN ORDINANCE RATIFYING AND AUTHORIZING THE MAYOR OF THE CITY OF NEWARK AND/OR HIS DESIGNEE, THE BUSINESS ADMINISTRATOR, TO ENTER INTO AND EXECUTE A RENEWAL LEASE AGREEMENT WITH INVEST NEWARK, A NEW JERSEY NOT-FOR-PROFIT CORPORATION, 111 MULBERRY STREET, SUITE 1, NEWARK, NEW JERSEY 07102 (“LESSEE”), FOR THE USE OF (24) UNUSED PORTIONS OF THE CITY OF NEWARK’S DATA NETWORK (“DARK FIBER”), FOR THE DEVELOPMENT OF SMART CITY INITIATIVES AND GIGABIT CONNECTIVITY, FOR THE PERIOD OF FIVE (5) YEARS, NOVEMBER 1, 2021 THROUGH OCTOBER 31, 2026, FOR THE NOMINAL CONSIDERATION OF ($5.00).

Progress

Introduced

Sep 30, 2022

In Committee

Dec 21, 2022

Passed

Jan 5, 2023

4

Enacted