Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To develop properties into one (1) three-family home and four (4) two-family homes.
Entity Name: Sting 1, LLC
Entity Address: 2630 Exposition Boulevard, Austin, Texas 78703
Sale Amount: $81,057.60
Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $169,400.00
Appraised Amount: $0.00
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)
53 5th Street/Block 1876/Lot 31/West Ward
55-57 5th Street/Block 1876/Lot 32/West Ward
914 Bergen Street/Block 3586/Lot 15/South Ward
910 Bergen Street/Block 3586/Lot 17/South Ward
904 Bergen Street/Block 3586/Lot 20/South Ward
Additional Information:
Total Price: Square Footage X PSF = 13,509.6 X $6.00 = $81,057.60.
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 Properties located in the West Ward and South Ward of the City of Newark:
ADDRESS
BLOCK
LOT(S)
SIZE SQ. FEET
53 5th Street
1876
31
25X96 2,400.0
55-57 5th Street
1876
32
37.6X96 3,609.6
914 Bergen Street
3586
15
2,500.0
910 Bergen Street
3586
17
25X100 2,500.0
904 Bergen Street
3586
20
25X100 ...
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