Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To develop the properties into four (4) multi-family homes.
Entity Name: Andre R. Consultants, LLC
Entity Address: Newark, New Jersey 07106
Sale Amount: $60,360.00
Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $0.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twelve (18) 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)
573 South 19th Street/Block 339/Lot 11/West Ward
595 South 19th Street/Block 339/Lot 22/West Ward
603 South 19th Street/Block 339/Lot 26/West Ward
620 South 18th Street/Block 350/Lot 50/West Ward
Additional Information:
Sale Price: Total Square Footage X PSF = 10,060 X $6.00 = $60,360.00.
Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.
body
WHEREAS, the Department of Economic and Housing Development seeks to approve the sale and redevelopment of the following City-owned Properties located in the West Ward of the City of Newark:
ADDRESS
BLOCK
LOT(S)
SIZE
SQ. FEET
573 South 19th Street
339
11
2,500
595 South 19th Street
339
22
25.6X100
2,560
603 South 19th Street
339
26
2,500
620 South 18th Street
350
50
25X100
2,500
Total Square Footage: 10,060 sq. ft.
Purchase Price: $60,360.00 ($6.00 per s.f.); and
WHEREAS, the City of Newark (the "City") has determined that the above referenced City-owned Properties (the "Properties") are no long...
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