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File #: 17-0823    Version: 1 Name: Fhak 2.0 Academy
Type: Resolution Status: Adopted
File created: 4/27/2017 In control: Economic and Housing Development
On agenda: 6/21/2017 Final action: 6/21/2017
Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate building for use as an after school program for at-risk inner-city youth Entity Name: Fhak 2.0 Academy Entity Address: 357 Lincoln Avenue, Orange, New Jersey, 07050 Sale Amount: $5,000.00 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $40,000.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within twelve (12) months from the transfer of ownership by the City 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) 483 15th Avenue/Block 289/Lot 4/Central Ward Additional...
Sponsors: Council of the Whole
Attachments: 1. 17-0823 certified resolution.pdf
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate building for use as an after school program for at-risk inner-city youth
Entity Name: Fhak 2.0 Academy
Entity Address: 357 Lincoln Avenue, Orange, New Jersey, 07050
Sale Amount: $5,000.00
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $40,000.00
Appraised Amount: $0.00
Contract Period: To be commenced within three (3) months and be completed within twelve (12) months from the transfer of ownership by the City
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)
483 15th Avenue/Block 289/Lot 4/Central Ward
Additional Information:
Total Square Footage = 2,500 X $2.00 = $5,000.00
Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned property.
body

WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned property located in the Central Ward of the City of Newark:

ADDRESS WARD BLOCK LOT SIZE SQ. FEET

483 15th Avenue Central 289 4 25X100 2,500

Total Square Footage: 2,500

Total Purchase Price: $5,000.00 ($2.00 per sq. ft.); and

WHEREAS, the City of Newark has determined that the above referenced City-owned properties (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 ...

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