Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Development of a diversified community financial center
Entity Name: Clinton Newark, LLC
Entity Address: 171 Central Avenue, New Providence, NJ 07974
Sale Amount: $137,581.00
Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: _________
Assessed Amount: $803,200.00
Appraised Amount: Information not provided
Contract Period: Upon transfer of ownership to be completed within 18 months
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:
505-509 Clinton Avenue/ Block 3000/Lots 21, 23/ South Ward
121 1/2 Chadwick Avenue/Block 3000/Lot 22/ South Ward
120 Chadwick Avenue/Block 2686/ Lot 36/ South Ward
122 Chadwick Avenue/Block 2686/ Lot 35/ South Ward
Additional Information: N/A