24-0369
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide new construction of one (1) six (6) unit dwelling and one (1) three (3) unit dwelling, both having affordable rent and renovation of a two-family house with affordable rent. Entity Name: WBS Real Estate Developing, LLC Entity Address: Irvington, New Jersey 07111 Sale Amount: $72,000.00 Cost Basis: (X) $9.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $268,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (24) months following transfer of property ownership from the City to the Redeveloper 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) 19 Ferdinand Street/Block 1789.01/Lot 15/West Ward 21 Ferdinand Street/Block 1789.01/Lot 16/West Ward 293 South 18th Street/Block 1793 /Lot 2/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 8,000 X $9.00 = $72,000.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.
What this record is
- Amount
- $268K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Construction
construction contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- March 8, 2024
- On agenda
- May 22, 2024
- Passed
- May 22, 2024
Where it was heard
Municipal CouncilWatch what Newark buys
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