Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Expand Marion P. Thomas Charter School to improve access to campus
Entity Name: Friends of Marion P. Thomas Charter School
Entity Address: 125 Sussex Avenue, Newark, New Jersey 07103
Sale Amount: $10,000.00
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $60,000.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twelve (12) months from the transfer of ownership 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)
429 15th Avenue/Block 292/Lot 7/Central Ward
427 15th Avenue/Block 292/Lot 8/Central Ward
Additional Information:
(Address/Ward/Block/Lot/Size/Sq. Feet)
429 15th Avenue/Central/292/7/25X100/2,500
427 15th Avenue/Central/292/8/25X100/2,500
Total Square Footage: 5,000
Total Purchase Price: $10,000.00 ($2.00 per sf.)
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-e 090618
Deferred 7R2-a 091918
Deferred 7R2-a 101118
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WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned Properties located in the Central Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
429 15th Avenue Central 292 7 25X100 2,500
427 15th Avenue Central 292 8 25X100 2,500
Total Square Footage: 5,000
Total Purchase Price: $10,000.00 ($2.00 per sf.); and
WH...
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