Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate the property to create additional access to its contiguous business located at 66-88 Hecker Street, Block 2843, Lot 21
Entity Name: Dickerson Development, LLC
Entity Address: 201-203 Sussex Avenue, Newark, New Jersey 07107
Sale Amount: $15,000.00
Cost Basis: ( ) $ PSF ( X ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $ 36,000.00
Appraised Amount: $20,000.00
Contract Period: To be commenced within 3 months, and be completed within 18 months, from the transfer of ownership by the City
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
69 Hudson Street/Block 2843/Lot 13/Central Ward
Additional Information:
Approximately $6.309 per sq. ft.
body
WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation, as may be applicable, of the following City-owned property located in the Central Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
69 Hudson St. Central 2843 13 25X95.1 2,377.5
Total Purchase Price: $15,000.00; and
WHEREAS, the City of Newark has determined that the above referenced City-owned property (the "Property") is no longer needed for public use; and
WHEREAS, pursuant to N.J.S.A. 40A:12A-8(g), the City of Newark is proceeding with the rehabilitation of the area and is conveying properties at such prices and upon such terms as it deems reasonable and said conveyance is made in conjunction with the applicable Rede...
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