Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Construction of a Vocational Training facility for residents of the City consisting of Cosmetology training, Nurses Aide/Home Health Aide Training, and an Employment/Job placement center
Entity Name: Adesumola Joy Olagbegi
Entity Address: 631 Frelinghuysen Avenue, Newark, NJ 07114
Sale Amount: $19,800.00
Cost Basis: (X) $10.90 PSF ( ) Negotiated ( ) N/A ( ) Other: _________
Assessed Amount: $82,500.00
Appraised Amount: Information not provided
Contract Period: Must be commenced within 3 months and be completed within 18 months from the transfer of ownership
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
(X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
148 So. Eleventh St./Block 1857/Lot 35/West Ward
Additional Information: February 2009 Rolling Sale/City-Owned Vacant Land and Structures