Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitating the property for use as a parking lot for the Redeveloper’s adjacent property.
Entity Name: International Federal of Chaplains Inc.
Entity Address: 827 Clinton Avenue, Newark, New Jersey 07108
Sale Amount: $23,100.00
Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other:Half of the Assessed Value
Assessed Amount: $46,200.00
Appraised Amount: n/a
Contract Period: To commence within three (3) months 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)
819 Clinton Avenue/Block 3017/Lot 19/South Ward
Additional Information:
Sale Price: $23,100.00
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 is 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(S)
SIZE SQ. FEET
819 Clinton Avenue
3017
19
21X101.6 2,133.6
Total Square Footage: 2,133.6
Purchase Price: $23,100.00; and
WHEREAS, the City of Newark (the “City”) has determined that the above referenced City-owned property (the “Property”) are 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 t...
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