Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Construction of single family homes for sale as Workforce Housing to low-income families earning 30% or less of AMI.
Entity Name: Habitat for Humanity Newark, Inc.
Entity Address: 294 So. Orange Avenue, Newark, NJ 07103
Sale Amount: $47,388.96
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: ______
Assessed Amount: $226,000.00
Appraised Amount: Information not provided
Contract Period: To commence within three (3) months for a period not to exceed 24 months from transfer of Title.
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
(X) Fair & Open ( ) Non-Fair & Open (X) RFP ( ) RFQ (X) Private Sale
( ) Grant ( ) Sub-recipient ( ) n/a
List of Property: All within the Central Ward
(Address/Block/Lot/Ward)
424 So. Ninth St./290/48
438-440 So. Ninth St./290/39, 40
595 So. Ninth St./339/22
510 So. Seventeenth St./334/35
529 So. Fourteenth St./332/25
527 So. Fourteenth St./332/24
517-519 So. Fourteenth St./332/19
511 So. Fourteenth St./332/16
Additional Information: N/A
Deferred 7R3-e 091609
Invitation: Economic & Housing Development Director, October 6, 2009