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All resolutions, ordinances, and other items from the Newark Municipal Council.

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Resolution20-1164

Dept./Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Amending Redevelopment Grant Agreement authorized by Resolution 7R2-d adopted on September 2, 2020 Purpose: To provide for a First Amendment to the Grant Agreement with Ascension Capital Partners I, LLC, amending the project description from two (2) two (2) family homes and one (1) mixed use building consisting of sixteen (16) residential units and one (1) retail unit to the construction of two (2) two (2) family homes and one (1) mixed use building consisting of two (2) residential units and one (1) retail unit to be built as part of a development initiative known as “Live Newark” and in accordance with the Newark Neighborhood Revitalization Strategy Plan. Entity Name: Ascension Capital Partners I, LLC Entity Address: 59 Lincoln Park, Suite 200, Newark, New Jersey 07102 Grant Amount: $200,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $783,204.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 Grant Period: Commencing upon full execution of the Grant Agreement and expiring within twenty-four (24) months following construction commencement Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 94 Cutler Street/Block 489/Lot 18/Central Ward 145 ½ Summer Avenue/Block 516/Lot 88/Central Ward 864 South 14th Street/Block 3009/Lot 19/South Ward Additional Information:

Introduced Sep 21, 2020· Economic and Housing Development
Adopted
Resolution20-1141

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying () Authorizing (X) Amending Type of Service: Redevelopment Agreement Purpose: First Amendment to Redevelopment Agreement to reset project timelines. Entity Name: New Jersey Institute of Technology Entity Address: University Heights, Newark, New Jersey 07102-1982 Contract Amount: $0.00 Development Agreement Term: Phase I: No later than fifty-four (54) months from the effective date Phase II: No later than fifty-four (54) months from completion of Phase I City Contribution to Development Project: ( ) Grant or Loan ( ) Guarantee (X) None ( ) Other:( ) Developer Investment: :( ) Developer Third-Party Financing Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) Block 43, Lots 1, 4, 10, 18, 19, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 33, 34, 35, 36, 37, 38, 39, 40, 41, 46, 48, 50, 51, 52, 60, 61; Block 2857, Lots 1, 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30; Block 2858, Lots 1, 2, 10, 12, 14, 15, 16, 18, 20, 23, 43, 45, 50; Block 372, Lots 1, 5, 6, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19, 22, 24; Block 384, Lot 1; Block 2828, Lots 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 34, 35, 37, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61; Block 2830, Lot 1; Block 2831, Lots 3, 5, 6, 13, 18; Block 389, Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 32, 33, 34, 35, 36, 46, 47, 48, 49, 51, 53; Block 40, Lots 1, 2, 3.01, 3.02, 4.01, 4.02, 5, 6, 7.01, 7.02, 8.01, 8.02, 9, 10.01, 10.02,11, 12, 16, 17, 18, 19, 20, 21, 22, 23, 25, 32, 35, 36, 37, 38, 42, 47, 48, 52.01, 52.02, 53; Block 41, Lots 1, 3, 32, 33, 34, 35, 36, 62, 65, 66, 69, 70, 72 and Block 42, Lot 44 in the City of Newark (“NJIT Gateway Plan Area”) as identified in a plan entitled the “NJIT Campus Gateway Redevelopment Concept Plan” (the “NJIT Plan”). Additional Information: Original Redevelopment Agreement authorized by Resolution 7R3-b(S) adopted on August 11, 2009.

Introduced Sep 17, 2020· Economic and Housing Development
Adopted
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