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RESOLUTION AUTHORIZING A LEASE AGREEMENT BY AND BETWEEN THE COUNTY OF PASSAIC AND 280 HOLDINGS, LLC FOR OFFICE SPACE TO BE USED BY THE PASSAIC COUNTY DIVISION OF HOUSING, PURSUANT TO N.J.S.A. 40:20-1
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WHEREAS, the County of Passaic (hereafter “County”) is a body politic and corporate pursuant to N.J.S.A. 40:18-1 and vested with all rights contained therein; and
WHEREAS, pursuant to N.J.S.A. 40:20-1 the Board of County Commissioners of the County of Passaic (hereafter “Board”) is vested with managing the property, finances, and affairs of the County; and
WHEREAS, the Board requires suitable office space for the Division of Housing, which administers federal Housing Choice vouchers that provide rental assistance to eligible County residents in privately owned apartments; and
WHEREAS, the Executive Director of the Division of Housing is recommending that the Board approve a lease agreement with 280 Holdings, LLC, for office space located at 155 Willowbrook Blvd., Suite 100, Wayne, New Jersey 07470, pursuant to the terms and conditions as set forth in the lease agreement, which is attached to and made part of this Resolution; and
WHEREAS, funds are available in Account No. 5-25-56-899-001-813, or any other account that may be deemed appropriate by the Chief Financial Officer or his designee, and the availability of funds has been contingently certified by the Chief Financial Officer subject to sufficient funds being appropriated by the Board in the 2025 and/or subsequent years’ County budget(s), which is attached to and made part of this Resolution; and
WHEREAS, this matter was discussed at the December 18, 2024 meeting of the Administration and Finance Committee and is being recommended to the Board for approval.
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40:20-1 that the Board of County Commissioners of the County of Passaic authorizes a lease agreement with 280 Holdings, LLC, for office space located at 155 Willowbrook Blvd., Suite 100, Wayne, New Jersey 07470, pursuant to the terms and conditions as set forth in the letter of intent, attached to and made part of this Resolution, and other terms and conditions as approved by the County Counsel and County Administrator.
LET IT BE FURTHER RESOLVED, that the County Administrator, Chief Financial Officer, County Counsel, Director of the Board of County Commissioners, and Purchasing Agent are authorized to take all action necessary to carry out the purpose of this Resolution, including executing the lease agreement with 280 Holdings, LLC.
NB December 30, 2024