Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Amending Private Sale Resolution # 7R3-f 031809, and entering into a Revised First Amended Agreement For the Sale of Land and Redevelopment.
Entity Name: Episcopal Community Development, Inc.
Entity Address: 31 Mulberry Street, Newark, New Jersey 07102
Original Amount: Not to exceed $275,000.00
Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: _________
Sale Amount: Not to exceed $304,950.00
Assessed Amount: $385,100.00
Contract Period: Extend Redeveloper 60 days to execute Revised Agreement
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 Added Property:
Address/Block/Lot/Ward
434 Avon Avenue/ 2646/4/ SW
509 Avon Avenue/2640/29/SW
503 Avon Avenue/2639/28/SW
746-748 Bergen Street/2707/42/SW
11-15 Emmet Street/2804/15, 16, 17/SW
20 Hawthorne Avenue/3554/7/SW
22 Hawthorne Avenue/3554/8/SW
278 Johnson Avenue/3554/12/SW
723 Springfield Avenue/2640/37/ SW
Additional Information: N/A
Invitation: Economic & Housing Development Director, May 17, 2011