Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Employ Newark residents to rehabilitate City owned properties
Entity Name: Renaissance Community Development Corporation Center
Entity Address: 400 Seventh Ave, Newark, NJ 07101
Sale Amount: $32,000.00
Cost Basis: ( ) $____ PSF ( ) Negotiated ( ) N/A (X) Other: $2,000.00 Per Unit
Assessed Amount: $1,468,800.00
Appraised Amount: Appraisals not conducted
Contract Period: Must be commenced within 30 days of issuance of all construction and/or building permits and be completed within 6 months for 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:
218 Littleton Ave/Block 263/ Lot 2/ WW
320 S. 7th St/ Block 279/ Lot 34/CW
497 S. 10th St/Block 308/ Lot 6/CW
593 15th Ave/Block 334/ Lot 28/CW
937-939 S. 19th St/ Block 3018/Lot 14/SW
775-777 Clinton Ave/Block 3012/Lot 47/SW
66 Seymour/Block 3000/ Lot 42/SW
225 Second St/ Block 1912.01/ Lot 42/ CW
142 1/2 Sherman Ave/Block 2794/Lot 40/SW
26 Silver Street/Block 4108/Lot 5/WW
Additional Information: N/A