Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New Construction of (1) Two-family home and (1) Three family home to provide five total affordable rental units Entity Name: Concrete Property L.L.C. Entity Address: 22 Mapes Terrace, Newark, New Jersey 07112 Sale Amount: $63,672.20 Cost Basis: ( X ) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $67,800.00 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) 340 South 20th Street/Block 1794/ Lot 35/ West Ward 54 Fabyan Place/Block 3076/Lot 5/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 6,367.22 X $10.00 = $63,672.20. 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

Concrete Property L.L.C 2 records across this site

Amount

$68K

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.

Concrete Property L.L.C also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose:… $89K Newark, NJ

Committee

Economic and Housing Development

Introduced

October 11, 2024

On agenda

February 19, 2025

Passed

February 19, 2025

Where it was heard

Municipal Council Feb 19, 2025 Returned to Administration Pass

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