Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Sale of City-owned property for redevelopment purposes
Entity Name: Emmet Street, LLC
Entity Address: 600 Main Street, Toms River, New Jersey 08753
Sale Amount: Not less than $200,000.00
Cost Basis: ( ) $ PSF ( x ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $
Appraised Amount: $
Contract Period: Date of execution of agreement to completion of project
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
271 Emmet Street/Block 1275/Lot 23/East Ward
78-84 Avenue C/Block 1275/Lot 7/East Ward
86 Avenue C/Block 1275/Lot 6/East Ward
Additional Information:
Deferred 7R3-j 080713
Deferred 7R3-b 090513
Deferred 7R3-b 091813
No Action Taken 7R3-b 100213
No Action Taken 7R3-b 101013
Deferred 7R3-b 101713
No Action Taken 7R3-b 102313
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WHEREAS, by Resolution 7RM adopted May 4, 2005, the Municipal Council of the City of Newark (the "Municipal Council") directed the Central Planning Board of the City of Newark (the "Central Planning Board") to undertake an investigation to determine if the City satisfied the statutory criteria of an "area in need of rehabilitation" in accordance with the provisions of the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq. (the "LRHL"); and
WHEREAS, the Central Planning Board conducted the requested investigation in accordance with the LRHL, including a public hearing on June 6, 2005, after which hearing the Central Planning Board recommended the designation of the entire City as an area in need of rehabilitation; and
WHEREAS, based upon t...
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