Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: On 80-84 19th Avenue, new construction of two (2) two-family homes; 36 Livingston Street will construct a new two-family home; and a single-family home to sell at market rate on 38 Livingston Street.
Entity Name: Level 6ix Group LLC
Entity Address: 226 Isias Court Building 76, Perth Amboy New Jersey 08861
Sale Amount: $217,402.50
Cost Basis: (X) $21.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $175,100.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper
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)
36 Livingston Street / Block 2520/ Lot 46/ Central Ward
38 Livingston Street / Block2520/ Lot 45/ Central Ward
80-84 19th Avenue / Block 356/ Lot 27/ South Ward
Additional Information:
Sale Price: Total Square Footage X PSF = 10,352.50 X $21.00 = $217,402.50.
Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties
Deferred 7R2-c 012126
body
WHEREAS, the purpose of this Resolution is to approve the sale and redevelopment of the following City-owned property located in the Central Ward and South Ward of the City of Newark:
ADDRESS
BLOCK
LOT(S)
SIZE SQ. FEET
36 Livingston Street
2520
46
2,512.5 25X100.5
38 Livingston Street
2520
45
1,140 ...
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