City of Newark - File #: 08-199

• File #: 08-199
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/23/2008
• In control: Economic and Housing Development
• On agenda: 10/1/2008
• Final action: 10/1/2008
• Title: Dept/ Agency: Department of Economic & Housing Development AUTHORIZING Type of Service: Contract (Private Sale of Real Property) Purpose: Redevelopment (Construction of 2 three family homes and 1 two family home for sale as Workforce Housing Entity Name: Kent Development, Inc. Address: 156 Elizabeth Avenue, Newark, NJ 07108 Sale Amount: 13,890 sq. ft. @ $10.50 = $145,845.00 Total Assessed Amount: $188,400.00 Contract Basis: January 2008 Rolling Sale / RFP List of Properties: All within the South Ward 128 Peshine Avenue, Block 2662, Lot 32 226-228 Sherman Avenue, Block 2770 Lot 23, 24, 25 142 Elizabeth Avenue, Block 2776, Lot 9 144 Elizabeth Avenue, Block 2776, Lot 8 Additional Comments: N/A Invitation: Director of Economic and Housing Development, September 30, 2008.

Date	Ver.	Action By	Action	Result
10/1/2008	1	Municipal Council	Adopt	Pass

Title

Dept/ Agency:  Department of Economic & Housing Development

AUTHORIZING

Type of Service: Contract (Private Sale of Real Property)

Purpose: Redevelopment (Construction of 2 three family homes and 1 two family home for sale as Workforce Housing

Entity Name:  Kent Development, Inc.

Address:  156 Elizabeth Avenue, Newark, NJ 07108

Sale Amount:  13,890 sq. ft. @ $10.50 = $145,845.00

Total Assessed Amount: $188,400.00

Contract Basis:  January 2008 Rolling Sale / RFP

List of Properties: All within the South Ward

128 Peshine Avenue, Block 2662, Lot 32

226-228 Sherman Avenue, Block 2770 Lot 23, 24, 25

142 Elizabeth Avenue, Block 2776, Lot 9

144 Elizabeth Avenue, Block 2776, Lot 8

Additional Comments:  N/A

Invitation: Director of Economic and Housing Development, September 30, 2008.