File #: 10-1206    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/19/2010 In control: Economic and Housing Development
On agenda: 9/1/2010 Final action: 9/1/2010
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Development of a 15-Unit residential project with a mix of 2 and 3 bedroom loft-condominium units and 3 bedroom single family townhomes for sale as Workforce housing Entity Name: Mid-Atlantic Investment Alliance, LLC Entity Address: 11 Florence Place, West Orange, NJ 07052 Sale Amount: $224,521.89 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: _________ Assessed Amount: $635,000.00 Appraised Amount: Information not provided Contract Period: Three (3) months from date of adoption and completed within 18 months from transfer of ownership Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: Address/Block/Lot...
Title
Dept/ Agency:  Economic & Housing Development
Action:  (   ) Ratifying     (X) Authorizing     (  ) Amending
Type of Service:  Private Sale/Redevelopment
Purpose: Development of a 15-Unit residential project with a mix of 2 and 3 bedroom loft-condominium units and 3 bedroom single family townhomes  for sale as Workforce housing
Entity Name:  Mid-Atlantic Investment Alliance, LLC
Entity Address:  11 Florence Place, West Orange, NJ 07052
Sale Amount: $224,521.89
Cost Basis: (X) $10.00 PSF  (   ) Negotiated   (   ) N/A    (   ) Other: _________
Assessed Amount: $635,000.00
Appraised Amount: Information not provided
Contract Period:  Three (3) months from date of adoption and completed within 18 months from transfer of ownership
Contract Basis: (   ) Bid   (   ) State Vendor   (   ) Prof.  Ser.   (   ) EUS   
(   ) Fair & Open   (   ) No Reportable Contributions   (X) RFP   (   ) RFQ
(X) Private Sale   (   ) Grant   (   ) Sub-recipient   (   ) n/a    
List of Property:
Address/Block/Lot/Ward
90-96 Clinton Ave/2826/3/ East
27 Brunswick St/2826/35/ East
29 Brunswick St./2826/36/East
31 Brunswick St./2826/37/East
33 Brunswick St./2826/38/ East
Additional Information:  N/A
Invitation: Director of Economic and Housing Development, August 31, 2010