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File #: 22-0701    Version: 1 Name: North Six, LLC
Type: Resolution Status: Returned to Administration
File created: 5/11/2022 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 property to adjacent redeveloper-owned lots and create four (4) semi attached multi-family homes. Entity Name: North Six, LLC Entity Address: West Orange, New Jersey 07052 Sale Amount: $15,000.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $18,800.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within eighteen (18) months following transfer of property 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) 228 North 6th Street/Block 1917/Lot 10/Central...
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: To combine the property to adjacent redeveloper-owned lots and create four (4) semi attached multi-family homes.
Entity Name: North Six, LLC
Entity Address: West Orange, New Jersey 07052
Sale Amount: $15,000.00
Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $18,800.00
Appraised Amount: $0.00
Contract Period: To be commenced within three (3) months and be completed within eighteen (18) months following transfer of property 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)
228 North 6th Street/Block 1917/Lot 10/Central Ward
Additional Information:
Sale Price: Total Square Footage x PSF = 2,500 X $6.00 = $15,000.00.
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-l 090822
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WHEREAS, the purpose of this Resolution is to approve the sale and redevelopment of the following City-owned property located in the Central Ward of the City of Newark:

ADDRESS
BLOCK
LOT(S)
SIZE
SQ. FEET
228 North 6th Street
1917
10
25X100
2,500

Purchase Price: $15,000.00 ($6.00 per s.f.); and

WHEREAS, the City of Newark (the "City") 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 Property at such prices an...

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