24-0878

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.

Resolution Adopted Introduced June 12, 2024

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