Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Construction of a parking lot for the adjacent property owners' residents and employees
Entity Name: Eugene Wade and Eric Wade
Entity Address: 184 Elizabeth Avenue, Newark, NJ 07108
Sale Amount: $25,351.00
Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: _________
Assessed Amount: $50,900.00
Appraised Amount: Information not provided
Contract Period: Must be commenced within 3 months and be completed within 12 months from transfer of ownership
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
(X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
Address/Block/Lot/Square Feet/Ward
182 Elizabeth Avenue/Block 2768/Lot 6/2,535.10/South Ward
Additional Information:
February 2009 Rolling Sale/City-Owned Vacant Land and Structures
Invitation: Economic & Housing Development Director, August 3, 2010