Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitating the properties for sale as affordable housing in accordance with requirements of the Federal HOME Program
Entity Name: The Urban League of Essex County
Entity Address: 508 Central Avenue, Newark, NJ 07107
Sale Amount: $32,140.00
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $801,200.00
Appraised Amount: $N/A
Contract Period: Commenced within (3) months and be completed within 18 months from the transfer of ownership.
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/Sq. Feet/Assessed Value)
203 Littleton Avenue/1778/17.01/West/4,065/$200,300.00
205-207 Littleton Avenue/1778/17.02/West/4,035/$200,300.00
209 Littleton Avenue/1778/17.03/West/4,000/$200,300.00
211-213 Littleton Avenue/1778/17.04/West/3,970/$200,300.00
Additional Information: N/A
Invitation: Director of Economic & Housing Development, November 22, 2011