Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Private sale and redevelopment of the following City-owned properties: Block 2614, Lots 1, 2, 4, 5, 28, 30, 31, 32, 33, and 34, commonly known as 606 South10th Street, 9-11 Brenner Street, 15 Brenner Street, 521 Springfield Avenue, 523 Springfield Avenue, 527 Springfield Avenue, and 529 Springfield Avenue- forth-five (45) affordable housing units and a surface parking lotEntity Name: HELP Springfield Avenue Urban Renewal, LP
Entity Address: 5 Hanover Square, 17th Floor, New York, New York 10004
Sale Amount: $95,832.00
Cost Basis: ( ) $ PSF ( ) Negotiated (X ) N/A ( ) Other:
Assessed Amount: $
Appraised Amount: $
Contract Period: The effective date till the issuance of a Certificate of Completion of the entire Project)
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)
606 South10th Street, 9-11 Brenner Street, 15 Brenner Street, 521 Springfield Avenue, 523 Springfield Avenue, 527 Springfield Avenue, and 529 Springfield Avenue/Block 2614/Lots 1, 2, 4, 5, 28, 30, 31, 32, 33, and 34/South Ward
Additional Information:
Resolutions 7Rm050405, 7RDo(AS)061505, and 7Rg110685
Ordinance 6PHS&FF062106
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WHEREAS, the City, in connection with its efforts to redevelop the entire City, by Resolution 7Rm adopted on May 4, 2005, directing the Central Planning Board of the City of Newark (the "City") (the "Central Planning Board") to undertake an investigation to determine, if the City satisfied the statutory criteria as an "area in need of rehabilitatio...
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