Title
Dept./ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To construct an eleven (11) unit dwelling for chronically homeless individuals.
Entity Name: Essex County LGBTQ RAIN Foundation
Entity Address: 168 Park Street, East Orange, New Jersey 07017
Sale Amount: $10,000.00
Cost Basis: ($2.00 ) X PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $24,400.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within two (2) years 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)
25-27 Roseville Avenue/Block 1873/Lot 1/West Ward
Additional Information:
body
WHEREAS, the purpose of this resolution to approve the sale and redevelopment of the following City-owned Properties located in the West Ward of the City of Newark:
ADDRESS BLOCK LOT SIZE SQ. FEET
25-27 Roseville Avenue Block 1873 Lot 1 50x100 5000
Total Square Footage: 5,000
Total Purchase Price: $10,000.00 ($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 said 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 Council previously adopted Resolution 7Rdo(AS) on June 15, 2005, designating the entire City as an "area...
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