24-0767
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate a three (3) family home, of which one (1) unit will become owner occupied, and of which the other two (2) units will be rented at market rate. Entity Name: One Stop Construction LLC Entity Address: 298 South 6th Street, Newark, New Jersey 07103 Sale Amount: $65,880.00 Cost Basis: ( X ) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $156,200.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 56 Seymour Avenue/Block 3000/Lot 48/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 4,392 X $15.00 = $65,880.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Failed 7R2-f 080724
What this record is
- Held by
- One Stop Construction LLC
- Amount
- $156K
- 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
- May 16, 2024
- On agenda
- August 7, 2024
- Passed
- September 5, 2024
Where it was heard
Municipal Council Municipal CouncilWatch what Newark buys
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