Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Simultaneously rehabilitate the property along with its attached residential property at 106 Highland Avenue, Newark, New Jersey 07104
Entity Name: Harness Homes Group, LLC
Entity Address: 902 Broadway, 6th Floor, New York, New York 10010
Sale Amount: $25,000.00
Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $37,800.00
Appraised Amount: N/A
Contract Period: To be commenced within three (3) months and be completed within twelve (12) months from the transfer of ownership of the Property 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)
104 Highland Avenue/Block 540/Lot 86/North Ward
Additional Information:
body
WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned property located in the North Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FT.
104 Highland Avenue North 540 86 15.85x100 1,585.
Total Purchase Price: $25,000.00; and
WHEREAS, the City of Newark has determined that the above referenced City-owned property (the "Property") is no longer needed for public use; and
WHEREAS, pursuant to N.J.S.A. 40A:12A-8(g), the City of Newark is proceeding with the rehabilitation of the area and is conveying properties at such prices and upon such terms as it deems reasonable and said conveyance is made in conjunction with the applicable Redevelopment Plan, as amended; and
WHEREAS, the Municip...
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