Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate properties as rental or for-sale housing.
Entity Name: White Consulting Group, LLC.
Entity Address: 259 Belleview Terrace, Hillside, New Jersey 07205
Sale Amount: $32,999.28
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $337,200.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twelve (12) months from transfer of ownership by the City
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)
705 S 15th Street/Block 2622/Lot 10/South Ward
59 Rose Terrace/Block 2624/Lot 29/South Ward
811 S 13th Street/Block 2648/Lot 21/South Ward
Additional Information:
Total Square Footage= 8,249.82 X $4.00= $32,999.28
Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties.
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WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned Properties located in the South Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
705 S 15th Street South 2622 10 30.4X54.3 1,650.72
59 Rose Terrace South 2624 29 31X116.1 3,599.10
811 S 13th Street South 2648 21 30X100 3,000.00
Total Square Footage: 8,249.82
Total Purchase Price: $32,999.28 ($4.00 per sf); and
WHEREAS, the City of Newark has determined that the above referenced City-owned Properties (the "Properties") are no longer needed for public use; and
WHEREAS, pursuant to N.J.S.A. 4...
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