Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To designate the Redeveloper and authorize entering into a Master Redevelopment Agreement with RPM Development, LLC and the Urban League of Essex County Opportunity Corporation for properties consisting of Block 1784, Lot 35 (Site A); Block 1784, Lots 6-8 (Site A1); Block 1784, Lots 10-11, 13-17, 55, 57-59, and 61-67 (Site B); and Block 1785, Lots 11-18, 20-24 and 64 (Site C) and located within the Fairmount Commons Redevelopment Plan under the Local Redevelopment and Housing Law.
Entity Name: RPM Development, LLC and Urban League of Essex County Opportunity Corporation, jointly the Redeveloper
Entity Address: RPM Development, LLC, 77 Park Street, Montclair, New Jersey 07042 and Urban League of Essex County Opportunity Corporation, 508 Central Avenue, Newark, New Jersey 07107
Sale Amount: $314,747.92
Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $0.00
Appraised Amount: $0.00
Contract Period: Project Schedule attached hereto as Exhibit C
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)
381-395 South Orange Avenue/Block 1784/Lot 35/West Ward;
331 South 11th Street/Block 1784/Lot 6/West Ward;
333 South 11th Street/Block 1784/ Lot 7/West Ward;
335 South 11th Street/Block 1784/ Lot 8/West Ward;
339-341 South 11th Street/Block 1784/Lot 10/West Ward;
343 South 11th Street/Block 1784/Lot 11/West Ward;
345 South 11th Street/Block 1784/Lot 13/West Ward;
347 South 11th Street/Block 1784/Lot 14/West Ward;
349 South 11th Street/Block 1784/Lot 15/West Ward;
351 South 11th Street/Block 1784/ Lot 16/...
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