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File #: 22-0773    Version: 1 Name: New Life Construction & Property Mgmt, LLC
Type: Resolution Status: Adopted
File created: 5/24/2022 In control: Economic and Housing Development
On agenda: 9/8/2022 Final action: 9/8/2022
Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop properties into an eighteen (18) unit, residential building with commercial space and secured underground parking and a newly constructed two-family home. Entity Name: New Life Construction and Property Mgmt, LLC Entity Address: Bloomfield, New Jersey 07003 Sale Amount: $115,585.00 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $96,800.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of properties 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...
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To develop properties into an eighteen (18) unit, residential building with commercial space and secured underground parking and a newly constructed two-family home.
Entity Name: New Life Construction and Property Mgmt, LLC
Entity Address: Bloomfield, New Jersey 07003
Sale Amount: $115,585.00
Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $96,800.00
Appraised Amount: N/A
Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of properties 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)
794 South 19th Street/Block 2638/Lot 31/South Ward
147-149 Chadwick Avenue/Block 3019/Lot 72/South Ward
145 Chadwick Avenue/Block 3019/Lot 74/South Ward
Additional Information:
Sale Price: Total Square Footage X PSF = 11,558.5 X $10.00 = $115,585.00.
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 properties located in the South Ward of the City of Newark:

ADDRESS
BLOCK
LOT(S)
SIZE SQ. FEET
794 South 19th Street 147-149 Chadwick Avenue
145 Chadwick Avenue
2638
3019

3019
31
72

74
25X100 2,500.00
54X111.4 6,015.60

27X112.7 3,042.90
Total Square Footage: 11,558.5 sq. ft.
P...

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