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File #: 19-0706    Version: 1 Name: Isaac Ezirim - S 9th St.
Type: Resolution Status: Adopted
File created: 4/18/2019 In control: Economic and Housing Development
On agenda: 8/7/2019 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 create a side-yard for the adjacent owner occupied home. Entity Name: Isaac Ezirim Entity Address: 424 S. 9th Street, Newark, New Jersey 07103 Sale Amount: $8,200.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $31,300.00 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) 422 S 9th Street/Block 290/Lot 49/Central Ward Additional Information: Total Sale Price: Square F...
Sponsors: LaMonica R. McIver, John Sharpe James
Attachments: 1. 19-0706 certified resolution.pdf
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To create a side-yard for the adjacent owner occupied home.
Entity Name: Isaac Ezirim
Entity Address: 424 S. 9th Street, Newark, New Jersey 07103
Sale Amount: $8,200.00
Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $31,300.00
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)
422 S 9th Street/Block 290/Lot 49/Central Ward
Additional Information:
Total Sale Price: Square Footage x PSF = 2,050 X $4.00 = $8,200.00
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 Property located in the Central Ward of the City of Newark:

ADDRESS BLOCK LOT SIZE SQ. FEET
422 S 9th Street 290 49 20.5X100 2,050.

Total Purchase Price: $8,200.00 ($4.00 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 made in conjunction with the applicable Redevelopment Plan, as amended; and

WHEREAS, the Municipal Council previou...

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