All Legislation
Ordinance18-1717Adopted

ORDINANCE AUTHORIZING THE MAYOR, AND/OR HIS DESIGNEE, THE DIRECTOR OF THE DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT TO ENTER INTO A CONTRACT FOR THE PURCHASE OF REAL ESTATE WITH ALPERT AND ALPERT DEVELOPMENT, LTD. FOR THE ACQUISITION OF THE SHANI BARAKA CENTER PROPERTY LOCATED AT 276-300 CLINTON AVENUE, NEWARK, NEW JERSEY, ALSO KNOWN AS BLOCK 2670, LOT 1.14, IN THE SOUTH WARD, FOR TWO MILLION THREE HUNDRED TWENTY THOUSAND ONE HUNDRED DOLLARS AND ZERO CENTS ($2,320,100.00), WITH CREDIT OF 35% OF TOTAL RENT TO DATE, $140,875.00, AND DEBIT OF RENT DUE AND OWING OF $192,500.00. Deferred 6F-a 012319 Deferred 6PSF-a 020619

Progress

Introduced

Nov 1, 2018

In Committee

Jan 9, 2019

Passed

Feb 22, 2019

4

Enacted