24-0460
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide a new construction of a multi-unit development for seniors, (20) units with a mix of affordable and market rate rentals. Entity Name: 266 Clinton Ave Holdings, LLC Entity Address: 325 Ferry Street, Suite 108, Newark, New Jersey 07105 Sale Amount: $33,135.36 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $114,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be 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) 266 Clinton Avenue/Block 2671/Lot 3/South Ward 268 Clinton Avenue/Block 2671/Lot 2/South Ward 270 Clinton Avenue/Block 2671/Lot 1/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 4,141.92 X $8.00 = $33,135.36. 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
- $114K
- 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 22, 2024
- On agenda
- July 10, 2024
- Passed
- July 10, 2024
Where it was heard
Municipal CouncilWatch 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.
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.