24-0395
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide a new headquarters for Brilliant Smiles Pediatric Dentistry with the second and third floors owner-occupied. Entity Name: Suffiyah L. Webb Entity Address: 2 Center Street, Apt. 1205, Newark, New Jersey 07102 Sale Amount: $222,780.00 Cost Basis: (X) $79.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $454,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and completed within twenty-four (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) 257 Martin Luther King Boulevard/Block 2857/Lot 13/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,820 X $79.00 = $222,780.00. 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
- $454K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- March 12, 2024
- On agenda
- November 26, 2024
- Passed
- November 26, 2024
Where it was heard
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