Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Redevelop the properties as affordable rental or for-sale housing
Entity Name: Adams Construction and D.C., LLC
Entity Address: 156 N. Livingston Avenue, Livingston, New Jersey 07039
Sale Amount: $49,300.00
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $520,100.00
Appraised Amount: $0.00
Contract Period: To be commenced 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)
451 S 17th Street/Block 321/Lot 30/West Ward
451 1/2 S 17th Street/Block 321/Lot 31/West Ward
454 S 18th Street/Block 321/Lot 39/West Ward
458 1/2 S 18th Street/Block 321/Lot 66/West Ward
459 S 18th Street/Block 322/Lot 35/West Ward
461 S 18th Street/Block 322/Lot 36/West Ward
Additional Information:
Total Square Footage = 12,325.0 X $4.00 = $49,300.00
Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned properties
body
WHEREAS, the purpose of this resolution is to approve the sale and redevelopment of the following City-owned Properties located in the West Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
451 S 17th Street West 321 30 20X100 2,000
451 1/2 S 17th Street West 321 31 20X100 2,000
454 S 18th Street West 321 39 25X100 2,...
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