Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitation of a single-family residential property for rent at a limit of 50% AMI to low and moderate income residents.
Entity Name: Afranko, Inc.
Entity Address: 1 Webster Street, Irvington, NJ 07111
Sale Amount: $3,000.00
Cost Basis: ( ) $____ PSF ( ) Negotiated ( ) N/A (X) Other: Information not provided
Assessed Amount: $57,900.00
Appraised Amount: $57,900.00
Contract Period: Commence within 3 months and be completed within 12 months from the transfer of ownership by the City.
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) Non-Fair & Open (X) RFP ( ) RFQ (X) Private Sale
( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
Address/Block/Lot/Size/Square Feet/Ward
106 Ninth Avenue/1861/64/15.4 x 75/1,155/West
Additional Information: N/A
Invitation: Economic & Housing Development Director, November 5, 2009