File #: 09-1264    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/25/2009 In control: Economic and Housing Development
On agenda: 9/16/2009 Final action: 10/7/2009
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of single family homes for sale as Workforce Housing to low-income families earning 30% or less of AMI. Entity Name: Habitat for Humanity Newark, Inc. Entity Address: 294 So. Orange Avenue, Newark, NJ 07103 Sale Amount: $47,388.96 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: ______ Assessed Amount: $226,000.00 Appraised Amount: Information not provided Contract Period: To commence within three (3) months for a period not to exceed 24 months from transfer of Title. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS (X) Fair & Open ( ) Non-Fair & Open (X) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: All within the Central Ward (Address/Block/Lot/Ward) 424 So. Ninth St./290/48 438-440 So. Ninth St./2...

Title

Dept/ Agency:  Economic & Housing Development

Action:  (   ) Ratifying     (X) Authorizing     (  ) Amending

Type of Service:  Private Sale/Redevelopment

Purpose: Construction of single family homes for sale as Workforce Housing to low-income families earning 30% or less of AMI.

Entity Name:  Habitat for Humanity Newark, Inc.

Entity Address:  294 So. Orange Avenue, Newark, NJ 07103

Sale Amount: $47,388.96

Cost Basis: (X) $2.00 PSF  (   ) Negotiated   (   ) N/A    (   ) Other: ______

Assessed Amount: $226,000.00

Appraised Amount:  Information not provided

Contract Period:  To commence within three (3) months for a period not to exceed 24 months  from transfer of Title.

Contract Basis: (   ) Bid   (   ) State Vendor  (   ) Prof.  Ser.  (   ) EUS  

(X) Fair & Open (   ) Non-Fair & Open  (X) RFP  (   ) RFQ  (X) Private Sale

(   ) Grant  (   ) Sub-recipient   (   ) n/a

List of Property: All within the Central Ward

(Address/Block/Lot/Ward)

424 So. Ninth St./290/48

438-440 So. Ninth St./290/39, 40

595 So. Ninth St./339/22

510 So. Seventeenth St./334/35

529 So. Fourteenth St./332/25

527 So. Fourteenth St./332/24

517-519 So. Fourteenth St./332/19

511 So. Fourteenth St./332/16

Additional Information:  N/A

Deferred 7R3-e 091609

Invitation: Economic & Housing Development Director, October 6, 2009