Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate the vacant land by creating a side-yard for his adjacent home.
Entity Name: Michael Carson
Entity Address: 380 Summer Avenue, Newark, New Jersey 07104
Sale Amount: $22,284.00
Cost Basis: (X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $29,500.00
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)
382 Summer Avenue/Block 611/Lot 12/North Ward
Additional Information:
Total Square Footage = 5,571
Deferred to Special 7R3-c 042016
body
WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned property located in the North Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
382 Summer Ave. North 611 12 30X185.7 5,571.00
Total Purchase Price: $22,284.00 ($4.00 per sq. ft.); 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 deems reasonable and said conveyance is made in conjunction with the applicable Redevelopment Plan, as amended; and
WHEREAS, the ...
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