Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to the Agreement for the Sale and Redevelopment of Land to Springfield Blossom, LLC to amend the scope of the Project. Entity Name: Springfield Blossom, LLC Entity Address: 1212 Springfield Avenue, Irvington, New Jersey 07111 Sale Amount: $110,015.55 Cost Basis: (X) $9.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $207,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months from the transfer of ownership by the City 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) 626-638 Springfield Avenue/Block 363/Lot 8.02/South Ward Additional Information: Resolution 7R2-h adopted on January 10, 2024 authorized the Private Sale, pursuant to the Agreement for the Sale and Redevelopment of Land. This Resolution authorizes a First Amendment to the Agreement for the Sale of Land and Redevelopment to amend the scope of the Project.

What this record is

Held by

Springfield Blossom, LLC 2 records across this site

Amount

$207K

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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Springfield Blossom, LLC also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose:… $207K Newark, NJ

Committee

Economic and Housing Development

Introduced

June 12, 2024

On agenda

June 25, 2024

Passed

June 25, 2024

Where it was heard

Municipal Council Jul 10, 2024 Adopt Pass Municipal Council Jun 25, 2024 Adopt Pass

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