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File #: 19-0660    Version: 1 Name: Ester Lee - Chester Ave.
Type: Resolution Status: Returned to Administration
File created: 4/10/2019 In control: Economic and Housing Development
On agenda: 7/10/2019 Final action: 8/7/2019
Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct a two (2) family home for sale or rent. Entity Name: Esther Lee Entity Address: 95 Passaic Avenue, Belleville, New Jersey 07109 Sale Amount: $31,640.00 Cost Basis: (X ) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $118,400.00 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) 65-67 Chester Avenue/Block 678/Lot 60/North Ward Additional Information: Total Sale Price: ...
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To construct a two (2) family home for sale or rent.
Entity Name: Esther Lee
Entity Address: 95 Passaic Avenue, Belleville, New Jersey 07109
Sale Amount: $31,640.00
Cost Basis: (X ) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $118,400.00
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)
65-67 Chester Avenue/Block 678/Lot 60/North Ward
Additional Information:
Total Sale Price: Square Footage x PSF = 4,520 X $7.00 = $31,640.00
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-c 071019
body

WHEREAS, the purpose of this resolution to approve the sale and redevelopment of the following City-owned Properties located in the North Ward of the City of Newark:

ADDRESS
BLOCK
LOT
SIZE
SQ. FEET
65-67 Chester Avenue
678
60
40X113
4,520.
Purchase Price: $31,640.00 ($7.00 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 Property at such prices and upon such terms as it deems reasonable and said conveyance is made in conjunction with the applicable Redevelopment Plan, as amended; and

WHEREAS, the Municipal...

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