Share to Facebook Share to Twitter Bookmark and Share
File #: 17-0703    Version: 1 Name: Striving Together Equals Progress Inc.
Type: Resolution Status: Adopted
File created: 4/11/2017 In control: Economic and Housing Development
On agenda: 8/22/2017 Final action: 8/22/2017
Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate property for use in operating a mentoring program focused on the well-being of Newark's male youth Entity Name: Striving Together Equals Progress Inc. Entity Address: P.O. Box 22192, Newark, New Jersey 07102 Sale Amount: $5,000.00 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $239,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 605 Orange Street/Blo...
Sponsors: Council of the Whole
Attachments: 1. certified resolution.pdf
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate property for use in operating a mentoring program focused on the well-being of Newark's male youth
Entity Name: Striving Together Equals Progress Inc.
Entity Address: P.O. Box 22192, Newark, New Jersey 07102
Sale Amount: $5,000.00
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $239,100.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within eighteen (18) 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)
605 Orange Street/Block 1901/Lot 6/West Ward
Additional Information:
Total Square Footage = 2,500 X $2.00 = $5,000.00
Sale at prices set forth by Ordinance 6S&Fh, adopted 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 West Ward of the City of Newark:

ADDRESS WARD BLOCK LOT SIZE SQ. FEET
605 Orange Street West 1901 6 25X100 2,500

Total Purchase Price: $5,000.00 ($2.00 per sf.); 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...

Click here for full text