File #: 24-0291    Version: 1 Name: RPM Development/Urban League First Amendment Master Redevelopment Agreement
Type: Resolution Status: Adopted
File created: 2/28/2024 In control: Economic and Housing Development
On agenda: 3/6/2024 Final action: 3/6/2024
Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to Master Redevelopment Agreement with RPM Development, LLC and Urban League of Essex County Opportunity Corporation for various properties located within the Fairmount Commons Redevelopment Plan Area. Entity Name: RPM Development, LLC and Urban League of Essex County Opportunity Corporation, jointly the Redevelopers Entity Address: RPM Development, LLC, 77 Park Street, Montclair, New Jersey 07042; and Urban League of Essex County Opportunity Corporation, 508 Central Avenue, Newark, New Jersey 07107 Sale Amount: $314,747.92 Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $0.00 Appraised Amount: $0.00 Contract Period: Project Schedule attached hereto as Exhibit C Contract Basis: ( ) Bid ( ) State Vendor ( ) Pro...
Sponsors: Dupré L. Kelly, Louise Scott-Rountree
Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: First Amendment to Master Redevelopment Agreement with RPM Development, LLC and Urban League of Essex County Opportunity Corporation for various properties located within the Fairmount Commons Redevelopment Plan Area.
Entity Name: RPM Development, LLC and Urban League of Essex County Opportunity Corporation, jointly the Redevelopers
Entity Address:
RPM Development, LLC, 77 Park Street, Montclair, New Jersey 07042; and Urban League of Essex County Opportunity Corporation, 508 Central Avenue, Newark, New Jersey 07107
Sale Amount: $314,747.92
Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $0.00
Appraised Amount: $0.00
Contract Period: Project Schedule attached hereto as Exhibit C
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)
331-335 South 11th Street/Block 1784/Lot 6/West Ward
339-341 South 11th Street/Block 1784/Lot 10/West Ward
343 South 11th Street/Block 1784/Lot 11/West Ward
345 South 11th Street/Block 1784/Lot 13/West Ward
347 South 11th Street/Block 1784/Lot 14/West Ward
349 South 11th Street/Block 1784/Lot 15/West Ward
351 South 11th Street/Block 1784/Lot 16/West Ward
353 South 11th Street/Block 1784/Lot 17/West Ward;
381-395 South Orange Avenue/Block 1784/Lot 35/West Ward
354 South 12th Street/Block 1784/Lot 55/West Ward
350-352 South 12th Street/Block 1784/Lot 57/West Ward
348 South 12th Street/Block 1784/Lot 58/West Ward
346 South 12th Street/Block 1784/Lot 59/West Ward
342-344 South 12th Street/Block 1784/Lot 61/West Ward
340 South 12th Street/Block 1784/Lot 62/West Ward
338 S...

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