Share to Facebook Share to Twitter Bookmark and Share
File #: 22-0186    Version: 1 Name: Resolution: Private Sale/Redevelopment - Littleton Partners, LLC
Type: Resolution Status: Adopted
File created: 2/10/2022 In control: Economic and Housing Development
On agenda: 9/8/2022 Final action: 9/21/2022
Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To combine the properties with adjacent redeveloper-owned properties to create an apartment building. Entity Name: Littleton Partners, LLC Entity Address: Newark, New Jersey 07103 Sale Amount: $37,068.24 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $38,700.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper 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) 365 South 20th Street/Block 1789...
Sponsors: Council of the Whole
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To combine the properties with adjacent redeveloper-owned properties to create an apartment building.
Entity Name: Littleton Partners, LLC
Entity Address: Newark, New Jersey 07103
Sale Amount: $37,068.24
Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $38,700.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper
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)
365 South 20th Street/Block 1789.01/Lot 6/West Ward
367-369 South 20th Street/Block 1789.01/Lot 8/West Ward
Additional Information:
Total Price: Square Footage X PSF = 4,633.53 X $8.00 = $37,068.24.
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-i 090822
body

WHEREAS, the Department of Economic and Housing Development seeks 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(S)
SIZE SQ. FEET
365 South 20th Street
434-436 South 10th ST

1789.01 1789.01

6
8

25X94.8 2,370.00
59.10X38.3 2,263.53

Purchase Price: $37,068.24 ($8.00 per s.f.); and

WHEREAS, the City of Newark (the "City") has determined that the above referenced City-owned Properties (the "Properties") are no longer needed ...

Click here for full text