24-0877
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Newly construct three (3), two-family dwellings to rent at market rate Entity Name: RK Kirlew Holdings LLC Entity Address: 2 Gateway Center, Suite 2600, Newark, New Jersey 07102 Sale Amount: $82,500.00 Cost Basis: ( X ) $11.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $114,100.00 Appraised Amount: N/A 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) 789 South 18th Street/ Block 2638/ Lot 41/ South Ward 128-130 Goodwin Avenue/ Block 3624/Lot 36/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 7,500 X $11.00 = $82,500.00. 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
- RK Kirlew Holdings LLC
- 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
- June 11, 2024
- On agenda
- December 18, 2024
- Passed
- December 18, 2024
Where it was heard
Municipal CouncilWatch what Newark buys
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