https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8073993&GUID=D13A53FA-198D-4E2D-B62F-DFF81A6B8D71Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8073993&GUID=D13A53FA-198D-4E2D-B62F-DFF81A6B8D71D13A53FA-198D-4E2D-B62F-DFF81A6B8D71-2026-07-20-20-03-40Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New construction of two (2) two-family homes, with one to be sold at market rate and one to be sold at an affordable rate for residents at 80% of Area Median Income (“AMI”). Entity Name: Lincoln Park Coast Cultural District Entity Address: 450 Washington Street, Newark, New Jersey 07102 Sale Amount: $107,000.00 minus a property cleanup credit not to exceed $7,500.00 Cost Basis: ( ) $ PSF ( X ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $255,000.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) months following transfer of property ownership from the City to the Redeveloper. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient Mon, 20 Jul 2026 20:03:40 GMT