Redevelopment Property Deed Restriction

At a glance

What: Ordinance 26-0974 requiring a deed restriction on all City property sold for redevelopment: if the property is resold before the project is complete, the City is entitled to 90 percent of fair market value at the time of sale, and purchasers must comply with applicable best-efforts workforce requirements.
Where it stands: Adopted on final passage September 9, 2026: 7 yes, 1 abstention (Jackson), Silva absent.
Next: None pending.

Public hearing (September 9)

Legislative Administrator Daniel of Economic and Housing Development commented. Public speakers were Alif Muhammad, Lisa Parker, Munirah El-Bomani; positions not recorded. Council Member Council moved to close the hearing and adopt, seconded by Council Member Kelly.

Vote

7 yes, 0 no, 1 abstain (Council Member Jackson), 1 absent (Council Member Silva).

City Land Sales to Redevelopers

Sources

City Council regular meeting minutes, September 9, 2026: https://legistar1.granicus.com/Newark/meetings/2026/9/302222_M_Municipal_Council_26-09-09_Meeting_Minutes.pdf

Log

2026-09-09 - City Council

Adopted, 7 yes, Jackson abstaining, Silva absent.