Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Public Real Estate Auction
Purpose: Amendment to Exhibit A and date of auction, adopted on September 7, 2017 as Resolution 7R2-g(as), to sell real estate property not needed for public use.
Date of Auction: November 2, 2017
Location of Auction: Newark Symphony Hall, 1020 Broad Street, Newark, New Jersey 07102
Cost Basis: ( ) PSF ( ) Negotiated ( ) N/A (X) Other:
Contract Basis: (X) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property: Refer to Resolution, Exhibit A
Additional Information:
Resolution 7R2-g (as) adopted on September 7, 2017 authorized the sale of fifty-eight (58) City-owned properties at public real estate auction on September 28, 2017.
Fifty-Three (53) properties as listed on attached Amended Exhibit A to be considered for auction on November 2, 2017.
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WHEREAS, Resolution 7R2-g(AS) adopted by the Municipal Council of the City of Newark, New Jersey on September 7, 2017 authorized the sale of City-owned properties not needed for public purposes by open public sale at an auction to the highest bidder, pursuant to N.J.S.A. 40A:12-13(a) on September 28, 2017 ("the auction"); and
WHEREAS, N.J.S.A. 40A:12-13(a) provides that a municipality may sell any real property with or without capital improvements, not needed for public use, by open public sale at auction to the highest bidder after advertisement thereof in a newspaper circulated in the municipality in which the lands are situated, by two insertions at least once a week during two consecutive weeks, the last publication to be not earlier than seven days prior to such sale; and
WHEREAS, due to an error in publication of the statutorily required adver...
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