Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To renovate the Property, to use as a community outreach center
Entity Name: In the Name of Jesus Healing and Deliverance Ministries, Inc.
Entity Address: 216 South 11th Street, Newark, New Jersey 07107
Sale Amount: $32,400.00
Cost Basis: ( X ) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $125,000.00
Appraised Amount: $N/A
Contract Period: To commence within three (3) months ownership and be completed within eighteen (18) months following 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)
307 16th Avenue/ Block 336/ Lot 32/ West Ward
Additional Information:
Sale Price: Total Square Footage X PSF = 2,160 X $15.00 = $32,400.00.
Sale at prices set forth by Ordinance 6S&FH, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.
Deferred 7R2-j 121824
body
WHEREAS, the purpose of this Resolution is to approve the sale and redevelopment of the following City-owned Property located in the West Ward of the City of Newark:
ADDRESS
BLOCK
LOT(S)
SIZE SQ. FEET
307 16th Avenue
336
32
21.6X100 2,160
Total Square Footage: 2,160
Purchase Price: $32,400.00 (15.00 per s.f.); and
WHEREAS, the City of Newark (the "City") has determined that the above referenced City-owned property (the "Property") is no longer needed for public use; and
WHEREAS, pursuant to N.J.S.A. 40A:12A-8(...
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