Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Amending Private Sale Resolution
Purpose: Extend the Due Diligence Period, address the Environmental Conditions discovered to date, and permit the expeditious redevelopment of the Property, or portions thereof, while the Environmental Conditions are being addressed and effectuate certain business terms and conditions related to the filing of applications for HDSRF Grants from the New Jersey Department of Environmental Protection.
Entity Name: The Friends of TEAM Academy Charter School and Ashland School Inc.
Entity Address: N/A
Original Amount: Two Hundred Sixty-One Thousand Five Hundred Seventy-Six and 88/100 Dollars ($261,576.88)
Amended Amount: N/A
Assessed Amount: N/A
Appraised Amount: N/A
List of Deleted Property:
(Address/Block/Lot/Ward)
N/A
List of Remaining Property:
(Address/Block/Lot/Ward)
City of Newark as Block 317, Lots 1, 2, 3, 4, 5, 6, 7, 13, 15, 56, and 58, and Block 2853, Lots 19, 21, 23, 28, 29 and 30
424-430 S. Orange Avenue/317/1, 2, 3, 4/West Ward
418-422 S. Orange Avenue/317/5, 6, 7/West Ward
406-408 S. Orange Avenue/317/13/West Ward
9 Ashland Street/317/15/West Ward
410-414 S. Fourteenth Street/317/56/West Ward
416-422 S. Fourteenth Street/317/58/West Ward
18 Newark Street/2853/19/Central Ward
16 Newark Street/2853/21/Central Ward
14 Newark Street/2853/23/Central Ward
268 Orange Street/2853/28/Central Ward
266 Orange Street/2853/29/Central Ward
262-264 Orange Street/2853/30/Central Ward
Additional Information:
This resolution authorizes an amendment to the Redevelopment Agreement with The Friends of TEAM Academy Charter School and Ashland School Inc. (collectively, the Redeveloper), authorized by Resolution 7R3-n 090513, ...
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