Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitating the property to develop a community center
Entity Name: Fellowship Community Development Corp.
Entity Address: 83 Elizabeth Avenue, Newark, NJ 07108
Sale Amount: $36,300.00
Cost Basis: (X) $10.024 PSF ( ) Negotiated ( ) N/A ( ) Other: _________
Assessed Amount: $64,000.00
Appraised Amount: 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
(X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
Address/Block/Lot/Ward/Size = Sq.Feet
69 Elizabeth Avenue/2672/3/South/30 X 120.7 = 3621
Additional Information: N/A
Invitation: Economic & Housing Development Director, March 1, 2011