File #: 10-1140    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/17/2010 In control: Economic and Housing Development
On agenda: 8/17/2010 Final action: 8/17/2010
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of distribution center and/or manufacturing facility and a police gun range Entity Name: Doremus Newark II, LLC Entity Address: 704-738 Doremus Ave., Newark, NJ (c/o Donald A. Levine, Equity Industrial Partners Corp., 145 Rosemary Street, Suite E, Needham, Massachusetts, 02494 Sale Amount: $4,450,000.00 ($667, 500. at closing & $3,782,500. as a note and mortgage) Cost Basis: ( ) $____ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $2,766,000.00 Appraised Amount: Not Provided Contract Period: Sixty (60) days from issuance of all permits through twelve (12) months of commencement Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipien...
Related files: 19-1383, 15-1120
Title
Dept/ Agency:  Economic & Housing Development
Action:  (   ) Ratifying     (X) Authorizing     (   ) Amending
Type of Service:  Private Sale/Redevelopment
Purpose: Construction of distribution center and/or manufacturing facility and a police gun range
Entity Name:  Doremus Newark II, LLC
Entity Address:  704-738 Doremus Ave., Newark, NJ (c/o Donald A. Levine, Equity Industrial Partners Corp., 145 Rosemary Street, Suite E, Needham, Massachusetts, 02494
Sale Amount: $4,450,000.00 ($667, 500. at closing & $3,782,500. as a note and mortgage)
Cost Basis: (   ) $____ PSF  (X) Negotiated   (   ) N/A    (   ) Other:
Assessed Amount: $2,766,000.00
Appraised Amount: Not Provided
Contract Period: Sixty (60) days from issuance of all permits through twelve (12) months of commencement
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)
704-738 Doremus Avenue/ Block 5074/ Lot 1/East
Additional Information:  
Further rescinds previously authorized sale to Glopak Corp. by Resolution: 7RD 100406