City of Newark Council Agenda Packet May 18 2026
City Conveys 15 S. 4th Street to Newark Development Partners
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Description
Newark City Council authorized transfer of the city‑owned property at 15 S. 4th Street to Newark Development Partners for disposition under an existing agency agreement. Newark Development Partners will sell the property, retain allowable costs and a service fee, and apply net proceeds to future economic development projects in the city.
Contract Details
Contract Amount
No consideration; net sale proceeds after costs remitted to City
Vendor
NEWARK DEVELOPMENT PARTNERS
Agency
Town of Newark, OH
Contract Type
FACILITIES
Document Date
May 16, 2026
Renewal Info
Agreement for Acceptance and Disposition of Real Property survives closing and may be modified only in writing signed by both parties; governed by Ohio law with venue in Licking County.
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