7 -
Yes:
Patrick O. Council, Carlos M. Gonzalez, Luis A. Quintana, Anibal Ramos
Jr., Louise Scott-Rountree, Michael J. Silva, and C. Lawrence Crump
1 - Dupré L. Kelly
Absent:
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Private Sale/Redevelopment
Purpose: First Amendment to the Agreement for the Sale and
Redevelopment of Land, to Rising Plains 570 LLC, to amend the Scope
of the Project
Entity Name: Rising Plains 570 LLC
Entity Address: 1515 Morris Place, Hillside, New Jersey 07205-0720
Sale Amount: $115,206.84
Cost Basis: (X) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other:
Assessed Amount: $328,200.00
Appraised Amount: $0.00
Contract Period: To commence within three (3) months and be
completed within eighteen (18) months from the transfer of 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)
497-499 Bergen Street/Block 2611/Lots 29, 30 and 36/Central Ward
509-513 Bergen Street/Block 2611/Lot 32/Central Ward
507 Bergen Street/Block 2611/Lot 33/Central Ward
215 Rose Street/Block 2611/Lot 38/Central Ward
Additional Information:
Resolution 7R2-a, adopted on February 7, 2024, authorized the Private
Sale/Redevelopment, pursuant to the Agreement for the Sale and
Redevelopment of Land.
This Resolution authorizes a First Amendment to the Agreement for the
Sale and Redevelopment of Land, to amend the Scope of the Project.
A motion was made by the Council of the Whole to Adopt. The motion Failed
by the following votes:
3 - Patrick O. Council, Louise Scott-Rountree, and C. Lawrence Crump
1 - Dupré L. Kelly
Yes:
Absent:
Abstain:
4 -
Carlos M. Gonzalez, Luis A. Quintana, Anibal Ramos Jr., and Michael J.
Silva
Dept/ Agency: Economic and Housing Development Department
Action: ( ) Ratifying ( x ) Authorizing ( x ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: First Amendment to the Agreement for the Sale and