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An issue SourceLine follows · newark

Authorizing an amended agreement with Virginia Street Fidelco, LLC for the sale and redevelopment of city land at $13,810,000.00, less a remediation and demolition credit of up to $3,810,000.00

Authorizing an amended agreement with Virginia Street Fidelco for the sale and redevelopment of city land at $13,810,000.00

Official wording

Authorizing an amended agreement with Virginia Street Fidelco, LLC for the sale and redevelopment of city land at $13,810,000.00, less a remediation and demolition credit of up to $3,810,000.00

Weigh inWhere you stand, and why, goes to your representatives
1votes on the record on this issue
9members of Newark Municipal Council decide thisWho decides
OpenNo vote date is set yetWeigh in now
The latest recorded vote on this issue, August 5, 2026
Yes7
No0

Official record of Newark Municipal Council.

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More on this issue

CityNewark Municipal CouncilPassed Aug 5

Who decides this

Whole board: passed 7 to 0, Aug 5

Decided, Aug 5: The council voted 7 to 0 on the economic & Housing Development. Private Sale/Redevelopment. Purpose: Authorize Execution of an Amended and Restated Agreement for the Sale and Redevelopment of Land Between the City of Newark and Virginia Street Fidelco, LLC. Entity: Virginia Street Fidelco, LLC. Sale Amount: $13,810,000.00, less the Remediation and Demolition Credit [maximum aggregate credit not to exceed $3,810,000.00]. It passed.

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