Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Develop the properties into one (1), two (2), or three (3)-family residential units, with or without additional retail use.
Entity Name: Integrity Home Buyers, LLC.
Entity Address: 11 Golden Square, Sayreville, New Jersey 08872
Sale Amount: $38,932.00
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $91,300.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within eighteen (18) months from the transfer of ownership by the City.
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)573 South 19th Street/Block 339/Lot11/West Ward
543 13th Avenue/Block 1794/Lot 27/West Ward312 South 20th Street/Block 1794/Lot 49/West Ward
493 7th Avenue/Block 1922/Lot 33/West Ward
Additional Information:
Total Square Footage = 9,733 X $4.00 = $38,932.00
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 of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
573 South 19th Street West 339 11 2,500
543 13th Avenue West 1794 27 25X100 2,500
312 South 20th Street West 1794 49 25X100 2,500
493 7th Avenue West 1922 33 31.9X70 2,233
Total Square Footage: 9,733
Tot...
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