Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitating the property for use as a parking lot for the Redeveloper's commercial business
Entity Name: Antonio Mozzarella Factory, Inc.
Entity Address: 631 Frelinghuysen Avenue, Newark, NJ
Sale Amount: $96,001.00
Cost Basis: (X) $12.80 PSF ( ) Negotiated ( ) N/A ( ) Other: _________
Assessed Amount: $159,200.00
Appraised Amount: Information not provided
Contract Period: Must be commenced within 3 months and be completed within 18 months from the transfer of ownership
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
655 Frelinghuysen Ave/3742/8/South
657-659 Frelinghuysen Ave/3742/6, 7/South
Additional Information: February 2009 Rolling Sale/City-Owned Vacant Land and Structures