ORDINANCE OF THE CITY OF NEWARK AUTHORIZING THE ACQUISITION BY PURCHASE OR CONDEMNATION OF 73-77 and 79-95 BLANCHARD STREET, NEWARK, NEW JERSEY, COMMONLY KNOWN AS BLOCK 2438, LOTS 76 AND 78, ON THE OFFICIAL TAX MAP AND TAX DUPLICATES OF THE CITYAND NOW OR FORMERLY OWNED BY BRUNGES NEWCORP, INC. A/K/A DELISA PALLET, INC (“THE PROPERTY”) IN THE AMOUNT OF $1,735,000.00 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)