Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To develop a headquarters for the Bronze Shields of Newark, New Jersey and Community Center with parking.
Entity Name: The Bronze Shields of Newark, New Jersey
Entity Address: 43 William Street, Newark, New Jersey 07102
Sale Amount: $85,661.48
Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $107,100.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twenty-four (24) 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)
23-27 Wright Street/Block 2800/Lot 1/South Ward
29-31 Wright Street/Block 2800/Lot 41/South Ward
33 Wright Street/Block 2800/Lot 5/South Ward
35 Wright Street/Block 2800/Lot 6/South Ward
168-176 Brunswick Street/Block 2800/Lot 40/South Ward
178 Brunswick Street/Block 2800/Lot 32/South Ward
180 Brunswick Street/Block 2800/Lot 31/South Ward
182 Brunswick Street/Block 2800/Lot 30/South Ward
184 Brunswick Street/Block 2800/Lot 29/South Ward
Additional Information:
Total Price: Square Footage X PSF = 42,830.74. X $2.00 = $85,661.48
body
WHEREAS, the purpose of this resolution to approve the sale and redevelopment of the following City-owned properties located in the South Ward of the City of Newark (the "Properties"):
ADDRESS
BLOCK
LOT
SIZE
SQ. FEET
23-27 Wright St.
2800|1010|78.9X104.6
8,252.94
29-31 Wright St.
2800
41
30.6X100
3,060.
33 Wright St.
2800|1010|25X130.6
3,265.
35 Wright St.
2800|1010|25X128.3
3,207.5
168-176 Brunswick St.
2800
40
114X107.7
12,277.8
178 Brunswick S...
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