25-0511

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 CO Enterprises, LLC, to change the Entity Name and amend the scope of the Project. Entity Name: Sheila Y Oliver Senior Housing Community, LLC Entity Address: 28 Valley Road Suite 1, Montclair, New Jersey 07042 Sale Amount: $185,580.00 Cost Basis: (X) $9.00PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $332,300.00 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) 117 Aldine Street/ Block 3051/ Lot 21/South Ward 119-121 Aldine Street/ Block 3051/Lot 22 and 23/South Ward 295 Lyons Avenue/ Block 3051/ Lot 24/South Ward 297-299 Lyons Avenue/ Block 3051/ Lot 25 and 26/South Ward 301Lyons Avenue/ Block 3051/ Lot 27/South Ward 303 Lyons Avenue/Block 3051/Lot 28/South Ward Additional Information: Resolution 7R2-c adopted on March 20, 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 change the Entity Name and amend the scope of the Project.

Resolution Adopted Introduced April 3, 2025

What this record is

Read automatically from the title of the official record. The source document below is authoritative.