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Bayonne council conditionally designates New York Waterway to negotiate ferry terminal agreement, authorizes escrow to cover professional fees
Summary
The council granted authority to negotiate an exclusive interim redevelopment and ferry‑operator agreement with New York Waterway for the former military ocean terminal peninsula and authorized the firm to fund an escrow to pay city professional fees during negotiations; the council said a definitive agreement would return for final council vote.
The Municipal Council of the City of Bayonne on June 18 conditionally designated New York Waterway as a prospective redeveloper and ferry operator for the former military ocean terminal peninsula and authorized interim exclusive negotiations and an interim cost agreement that would require New York Waterway to fund an escrow to cover the city's professional fees during negotiations.
City attorney or staff presenter Gary Baumann (identified on the record as the presenter of the redevelopment/ferry recommendation) told the council the city solicited multiple proposals, conducted interviews and recommended New York Waterway as the…
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