Title
Dept/ Agency: Economic and Housing Development
Action: (X ) Ratifying (X) Authorizing (X) Amending
Type of Service: Public Real Estate Auction
Purpose: An Amendment to Exhibit A of Resolution 7R2-e(AS) adopted on February 22, 2019, accepting bids and authorizing the sale of real estate property not needed for public use at public auction.
Date of Auction: January 24, 2019
Location of Auction: Newark Symphony Hall, 1020 Broad Street, Newark, New Jersey 07102
Cost Basis: ( ) PSF ( ) Negotiated ( ) N/A (X) Other:
Contract Basis: (X) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property: Refer to Resolution, Exhibit A
Additional Information:
Resolution 7R2-d(AS) adopted on December 19, 2018, authorized the sale of twenty-four (24) City-owned properties at public real estate auction on Janaury 24, 2019.
Resolution 7R2-e(AS) adopted on February 22, 2019, authorized the acceptance of bids and execution of Quitclaim Deeds for the properties sold at public auction on January 24, 2019.
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WHEREAS, Resolution 7R2-d (AS) adopted on December 19, 2018 by the Municipal Council, authorized the sale of City-owned properties, no longer needed for public use, by open public sale at an auction to the highest bidder, pursuant to N.J.S.A. 40A:12-13(a) on January 24, 2019; and
WHEREAS, Alonzo Herran, 470 Mount Prospect Avenue, Unit 1, Newark, New Jersey 07104, successfully placed a bid on the property located at 32-34 Tillinghast Street, Newark, New Jersey 07108, located on the City's Official Map as Block 3029, Lot 11, in the amount of One Hundred Fifty-Five Thousand Dollars and Zero Cents ($155,000.00), which is referenced in Exhibit A of Resolution 7R2-e(AS) adopted on February 22, 2019; and
WHEREAS, after the adoption of Resolution 7R2-e(AS) on Febr...
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