Title
AN ORDINANCE AUTHORIZING THE PRIVATE SALE OF CITY OWNED PROPERTY LOCATED AT 17 BURNET STREET, NEWARK, NEW JERSEY 07102, KNOWN AS BLOCK 43, LOT 18, TO THE ADJACENT PROPERTY OWNER, THE CORPORATION OF THE PRESIDING BISHOP OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS, FOR THE FAIR MARKET VALUE OF FOUR THOUSAND FIVE HUNDRED DOLLARS ($4,500.00), PURSUANT TO THE PROVISIONS OF N.J.S.A. 40A:12-13(b) (5). (CENTRAL WARD)
No Action Taken 6F-b. 051513
Deferred 6PSF-d 060613
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WHEREAS, the City of Newark owns the property located at 17 Burnet Street, Block 43, Lot 18 (the "Property"); and
WHEREAS, the Property is undersized and cannot be developed without the approval of variances; and
WHEREAS, the City of Newark has determined that the above referenced property is City owned and not needed for municipal purposes; and
WHEREAS, N.J.S.A. 40A:12-13(b)(5) provides that a parcel such as the property may be sold by private sale to an adjacent property owner pursuant to an ordinance and without conducting a public auction, provided that (i) the property is undersized; (ii) there are no capital improvements on the property; (iii) the sale of the property is made at the fair market value; and (iv) the purchaser is an adjacent property owner, and subject to the satisfaction of certain conditions and/or requirements, if any; and
WHEREAS, the Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, is the only adjacent property owner to the City property and the statute (N.J.S.A. 40A:12-13(b)(5) allows this sale at the fair market value without the need for a public auction; and
WHEREAS, pursuant to the abovementioned statutory authority, the Department of Economic and Housing Development has determined to convey and the Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints is willing to purchase the property at the fair market value of Fou...
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