Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Redevelop seven in-fill vacant lots into four (4) two (2) family homes and two (2) three (3) family homes.
Entity Name: Jarid Jamar Construction Company, Inc.
Entity Address: 9 Weber Road, West Orange, New Jersey 07052
Sale Amount: $80,241.08
Cost Basis: (X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $301,000.00
Appraised Amount: $N/A
Contract Period: To be commenced within 3 months and be completed within 18 months from the 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)
425 So. 18th Street/Block 322/Lot 17/West Ward
479 So. 17th Street(Rear)/Block 326/Lot 15/West Ward
479 So. 17th Street/Block 326/Lot 51/West Ward
467-469 So. 15th Street/Block 328/Lot 19/West Ward
455-457 So. 14th Street/Block 329/Lots 46 and 47/West Ward
456 So. 14th Street/Block 330/Lot 43/West Ward
454 So. 14th Street/Block 330/Lot 44/West Ward
Additional Information:
Total Square Footage = 20,060.27
body
WHEREAS, the purpose of this resolution is to approve the sale and redevelopment and/or rehabilitation, as may be applicable, of the following City-owned properties located in the West Ward of the City of Newark:
ADDRESS
WARD
BLOCK
LOT
SIZE
SQ. FEET
425 So. 18th St.
West
322
17
25X100
2,500.00
479 So.17th St. Rear
West
326
15
25X39.4
985.00
479 So.17th St.
West
326
51
27.3X59.9
1,635.27
467-469 So. 15th St.
West
328
19
49.8X100
4,980.00
455-457 So.14th St.
West
329
46...
Click here for full text