Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Redevelop the vacant property into two separate paved, striped and fenced parking lots to be used as ancillary parking.
Entity Name: St. Mark Unified Freewill Baptist Church
Entity Address: 669-671 So. Eleventh St., Newark, NJ 07103
Sale Amount: $ 38,836.00
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $224,400.00
Appraised Amount: $ N/A
Contract Period: Commencing within six (6) months and completed within twelve (12) months from the transfer of ownership.
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)
674 So. Eleventh St. / 2617 / 65 / South Ward
676 So. Eleventh St. / 2617 / 64 / South Ward
678 So. Eleventh St. / 2617 / 63 / South Ward
6801/2 So. Eleventh St. / 2617 / 61 / South Ward
682 So. Eleventh St. / 2617 / 60 / South Ward
Additional Information
Total square feet of property is 9,709
body
WHEREAS, the purpose of this Resolution is to approve the private sale and redevelopment of the following City-owned properties located in the South Ward of the City of Newark:
PROPERTY ADDRESS
WARD
BLOCK
LOT
SIZE
SQ. FEET
674 So. Eleventh St.
South
2617
65
20.9 X 90
1881
676 So. Eleventh St.
South
2617
64
20.6 X 90
1854
678 So. Eleventh St.
South
2617
63
20.6X100
2060
6801/2 So. Eleventh St.
South
2617
61
20.6 X 90
1854
682 So. Eleventh St.
South
2617
60
20.6X100
2060
Total Purchase Price: $38,836.00 ($4.00 X 9,709/Sq. Ft.)
WHEREAS, the City of Newark has determined that the above referenced properties are City- owned and not needed for mu...
Click here for full text