Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Construct affordable and market rate residential housing
Entity Name: LOGA Home Builders, LLC.
Entity Address: 281 Bloomfield Avenue, Suite 51, Verona, New Jersey 07044
Sale Amount: $134,686.84
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $372,000.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within eighteen (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)
292 1/2 S. 9th Street/Block 1781/Lot 60/West Ward
292 S. 9th Street/Block 1781/Lot 61/West Ward
280 S. 9th Street/Block 1781/Lot 66/West Ward
282 S. 9th Street/Block 1781/Lot 65/West Ward
290 S. 9th Street/Block 1781/Lot 69/West Ward
294 S. 9th Street/Block 1781/Lot 59/West Ward
284 S. 9th Street/Block 1781/Lot 64/West Ward
278 S. 9th Street/Block 1781/Lot 67.01/West Ward
276 S. 9th Street/Block 1781/Lot 67.02/West Ward
285 S. 9th Street/Block 1782/Lot 14/West Ward
279 S. 9th Street/Block 1782/Lot 11/West Ward
281 S. 9th Street/Block 1782/Lot 12/West Ward
287-289 S. 9th Street/Block 1782/Lot 15.01/West Ward
291 S. 9th Street/Block 1782/Lot 15.02/West Ward
Additional Information:
Total Square Footage = 33,671.71 X $4.00 = $134,686.84
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-d 040418
Deferred 7R2-a (s) 041018
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WHEREAS, the purpose of this resolution is to approve the sale and redevelopment of the following City-owne...
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