Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Acquire and rehabilitate the existing structure to conduct classes and training, and develop a community garden on the vacant land.
Entity Name: Muhammad Mosque of Islam 25
Entity Address: 170 Littleton Avenue, Newark, New Jersey 07103
Sale Amount: $25,187.34
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $296,400.00
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)
425 Central Avenue/Block 1847/Lot 16/Central Ward
427-431 Central Avenue/Block 1847/Lot 17/Central Ward
9 3rd Street/Block 1847/Lot 20/Central Ward
11 3rd Street/Block 1847/Lot 21/Central Ward
Additional Information:
Total Square Footage = 12,593.67 X $2.00 = $25,187.34
Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties.
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WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned properties located in the Central Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
425 Central Avenue Central 1847 16 25X100 2,500.00
427-431 Central Avenue Central 1847 17 68.3X74.9 5,115.67
9 3rd Street Central 1847 20 27.4X95 2,603.00
11 3rd Street Central 1847 21 25X95 ...
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