ORDINANCE OF THE CITY OF NEWARK AUTHORIZING THE ACQUISITION BY PURCHASE OR CONDEMNATION OF 134-142 BLANCHARD STREET, NEWARK, NEW JERSEY, COMMONLY KNOWN AS BLOCK 5001, LOT 93, ON THE OFFICIAL TAX MAP AND TAX DUPLICATES OF THE CITY (“THE PROPERTY”), NOW OR FORMERLY OWNED BY 146-148 BROAD CONST. & RENEWAL INC., A/K/A THE “MORALES” PROPERTY, IN THE AMOUNT OF $335,000.00 OR AS MODIFIED; THE APPROVAL OF THE APPRAISAL OF THE PROPERTY PREPARED BY THE FIRM OF LASSER SUSSMAN ASSOCIATES; THE ACCEPTANCE OF THE DEPOSIT OF ACQUISITION FUNDS BY THE REDEVELOPER; AND AN AGREEMENT BETWEEN THE CITY AND REDEVELOPER GOVERNING THE RECEIPT AND EXPENDITURE OF SAID DEPOSITED FUNDS. (EAST WARD)