https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5919775&GUID=A741115D-8EE8-4515-AB44-349F3FCCACAFLegistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5919775&GUID=A741115D-8EE8-4515-AB44-349F3FCCACAFA741115D-8EE8-4515-AB44-349F3FCCACAF-2023-09-25-17-35-32Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop City-owned properties into a four (4) story community resource hub and parking lot for the adjacent redeveloper-owned building. Entity Name: The Chad School Foundation, Inc. Entity Address: 24 Commerce Street, Suite 1430, Newark, New Jersey 07102 Sale Amount: $143,040.00 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $126,500.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following the 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 ( ) n/a List of Property: (Address/Block/Lot/Ward) 321-325 South 9th Street/Block 1782/Lot 32/WeMon, 25 Sep 2023 17:35:32 GMT