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Council waives $36,500 in parking-fees to support George Reed Village affordable-housing project
Summary
Council voted 6-0 to waive the standard $25-per-space-per-day charge for two on-street parking spaces for the George Reed Village construction entrance (estimated $36,500 over 24 months) and staff said the city has already waived roughly $120,223 in fees and secured a $500,000 state bond contribution for the 72-unit development.
The Newark City Council on May 12 approved a one-time waiver of $36,500 in on-street parking fees for the George Reed Village affordable-housing development to support construction logistics during a projected two-year build.
Planning staff said two on-street spaces adjacent to the construction entrance at 313 East Main Street will need to be closed for materials and equipment during the approximately 24-month…
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