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Newark council advances developer agreement amendment and waives special-event permit fee; ordinance set for public hearing Oct. 22
Summary
The Municipal Council approved an amendment inserting the lender as mortgagee in a developer agreement and voted to waive the special event permit fee for the Trike Masters breast cancer motorcycle run; the council also adopted an ordinance on first reading that will be advertised for a public hearing Oct. 22.
Brandy Daniel, legislative coordinator for Economic and Housing Development, told the council on Oct. 7 that an amendment to an agreement would list the lender as the mortgagee in the agreement paperwork to allow the lender to provide funding to the developer.
Council members voted to advance and adopt the amendment. The roll call on the motion recorded affirmative votes from council members who spoke during the roll call sequence.
Separately, the council advanced and adopted an ordinance on first reading and said the ordinance would be advertised in accordance with law and scheduled for a public hearing at a regular meeting on Oct. 22 or soon thereafter. The council also approved a motion waiving the special event application permit fee for the annual Trike Masters breast cancer motorcycle run sponsored by Councilman Quintana; Councilman Gonzales seconded that motion, and the roll call vote was recorded as affirmative.
Council did not provide additional details about the developer, the lender name, or ordinance text during the meeting. The ordinance adopted on first reading will proceed to formal public notice and the October 22 public hearing for further consideration.
Votes at a glance: - Amendment to developer agreement to list the lender as mortgagee — advanced and adopted (roll call: affirmative recorded). - Ordinance adopted on first reading — will be advertised and set for public hearing Oct. 22 (no ordinance number specified at meeting). - Waiver of special event application permit fee for the annual Trike Masters breast cancer motorcycle run (sponsored by Councilman Quintana) — motion seconded by Councilman Gonzales; roll call affirmed the motion.
The meeting transcript did not identify the lender by name or provide the full ordinance text; staff said the amendment was necessary so the lender would be listed as mortgagee "in order to give funding to the developer," according to Daniel.
