Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for a new construction of senior housing with (67) affordable units at 60% AMI. Entity Name: CO Enterprises, LLC Entity Address: 28 Valley Road, Montclair, New Jersey 07042 Sale Amount: $185,580.00 Cost Basis: (X) $9.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $332,300.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (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) 295 Lyons Avenue/ Block 3051/ Lot 24/South Ward 297-299 Lyons Avenue/ Block 3051/ Lot 25 and 26/South Ward 301Lyons Avenue/ Block 3051/ Lot 27/South Ward 303 Lyons Avenue/Block 3051/Lot 28/South Ward 117 Aldine Street/ Block 3051/ Lot 21/South Ward 119-121 Aldine Street/ Block 3051/ Lot 22 and 23/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 20,620 X $9.00 = $185,580.00. 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

Held by

CO Enterprises, LLC 3 records across this site

Amount

$332K

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

Compared to

$280K – $1.10M the middle half of 7 other CO Enterprises, LLC contracts; median $332K

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.

CO Enterprises, LLC also holds

Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Rescind Resolution 7R2-d adopted o… $17.6M Newark, NJ Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose:… $332K Newark, NJ

Committee

Economic and Housing Development

Introduced

March 8, 2024

On agenda

March 20, 2024

Passed

March 20, 2024

Where it was heard

Municipal Council Mar 20, 2024 Adopt Pass

Watch what Newark buys

This is one award. Newark signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.

Watch this

Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.