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File #: 13-1767    Version: 1 Name: CAPC RDA
Type: Resolution Status: Filed
File created: 9/13/2013 In control: Economic and Housing Development
On agenda: 3/11/2014 Final action: 3/11/2014
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Redevelopment of Various Properties Entity Name: Community Asset Preservation Corporation Entity Address: 59 Lincoln Park, Suite 50, Newark, New Jersey 07102 Sale Amount: $ Cost Basis: ( X ) $ 2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $ Appraised Amount: $ Contract Period: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (Address/Block/Lot/Ward) REFER TO EXHIBITS A & B (Total Properties 156) Exhibit A, City Owned (21) Exhibit B, Privately Owned (135) Additional Information: Ordinance 6...
Sponsors: Council of the Whole
Attachments: 1. 13-1767 Certified Resolution.pdf
Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Redevelopment of Various Properties
Entity Name: Community Asset Preservation Corporation
Entity Address: 59 Lincoln Park, Suite 50, Newark, New Jersey 07102
Sale Amount: $
Cost Basis: ( X ) $ 2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $
Appraised Amount: $
Contract Period:
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
List of Property:
(Address/Block/Lot/Ward)
REFER TO EXHIBITS A & B (Total Properties 156)
Exhibit A, City Owned (21)
Exhibit B, Privately Owned (135)
Additional Information:
Ordinance 6S&FC 032107; Authorized an Abandoned Property List
Ordinance 6PHS&FF 062106; Established the Affordable Housing Trust Fund
Resolution 7RG 110605; Established the Community and Economic Development Dedicated Trust Fund
Resolution 7RDO(AS) 061505; Designated the entire City an area in need of rehabilitation
body

WHEREAS, based upon the recommendation of the Central Planning Board, on June 15, 2005 the Municipal Council of the City of Newark (the "Municipal Council") adopted Resolution 7RDO (A.S.) 061505, designating the entire City as an area in need of rehabilitation in accordance with the provisions of the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq. (the "LRHL"), and such designation became effective on June 17, 2005 upon the transmission of the resolution to the New Jersey Department of Community Affairs by the City Clerk; and

WHEREAS, subsequent to the designation of the City as an area in need of rehabi...

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