Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate properties as rental or for-sale housing
Entity Name: Teron Winstead
Entity Address: 87 Howard Street, Irvington, New Jersey 07111
Sale Amount: $16,320.00
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $155,200.00
Appraised Amount: $0.00
Contract Period: To commence 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)
104 Highland Avenue/Block 540/Lot 86/North Ward
386 S 20th Street/Block 1792/Lot 31/West Ward
Additional Information:
Total Square Footage = 4,080 X $4.00 = $16,320.00
Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties.
Deferred 7R2-e 111317
body
WHEREAS, the purpose of this resolution is to approve the sale and rehabilitation of the following City-owned Properties located in the North Ward and West Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
104 Highland Avenue North 540 86 15.8X100 1,580
386 S 20th Street West 1792 31 25X100 2,500
Total Square Footage: 4,080
Total Purchase Price: $16,320.00 ($4.00 per sf.); and
WHEREAS, the City of Newark has determined that the above referenced City-owned Properties (the "Properties") are no longer needed for public use; and
WHEREAS, pursuant to N.J.S.A. 40A:12A-8(g), the City of Newark is proceed...
Click here for full text