Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To expand the existing facilities by extending the Funeral Chapel and providing additional parking.
Entity Name: Evans-Gordon Funeral Home, LLC
Entity Address: 734-736 Clinton Avenue, Newark, New Jersey, 07108
Sale Amount: $50,540.00
Cost Basis: (X ) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $33,900.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twelve (12) months following the 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)
730-732 Clinton Avenue/Block 3043/Lot 89/South Ward
Additional Information:
Sale Price: Total Square Footage X PSF = 7,220.00 X $7.00 = $50,540.00
Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.
body
WHEREAS, the purpose of this resolution to approve the sale and redevelopment of the following City-owned property located in the South Ward of the City of Newark:
ADDRESS
BLOCK
LOT
SIZE
SQ. FEET
730-732 Clinton Avenue
3043
89
50X144.4
7,220
Purchase Price: $50,540.00 ($7.00 per sf.); and
WHEREAS, the City of Newark 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(g), the City of Newark is proceeding with the rehabilitation of the area and is conveying Properties at such prices and upon such terms as it d...
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