24-1488

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 Rising Plains 570 LLC, to amend the Scope of the Project Entity Name: Rising Plains 570 LLC Entity Address: 1515 Morris Place, Hillside, New Jersey 07205-0720 Sale Amount: $115,206.84 Cost Basis: (X) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $328,200.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 497-499 Bergen Street/Block 2611/Lots 29, 30 and 36/Central Ward 509-513 Bergen Street/Block 2611/Lot 32/Central Ward 507 Bergen Street/Block 2611/Lot 33/Central Ward 215 Rose Street/Block 2611/Lot 38/Central Ward Additional Information: Resolution 7R2-a, adopted on February 7, 2024, authorized the Private Sale/Redevelopment, pursuant to the Agreement for the Sale and Redevelopment of Land. This Resolution authorizes a First Amendment to the Agreement for the Sale and Redevelopment of Land, to amend the Scope of the Project. Failed 7R2-b (s) 121024

Resolution Adopted Introduced October 30, 2024

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