25-0771
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying ( x ) Authorizing ( x ) Amending Type of Service: Private Sale/Redevelopment Purpose: Authorize Execution of the Second Amendment of the Agreement for the Sale and Redevelopment of 140-166 Raymond Boulevard Entity Name: 140 Raymond Urban Renewal, LLC Entity Address: 494 Broad Street, Newark, New Jersey 07102 Sale Amount: $3,200,000.00 subject to certain credits as set forth in the Agreement Cost Basis: () PSF ( X ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $0.00 Appraised Amount: $0.00 Contract Period: Construction shall commence no later than six (6) months from closing and completed within twenty-four (24) months from commencement of construction 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) 140-166 Raymond Boulevard /Block 5002/Lot 3/East Ward 140-156 Raymond Boulevard Rear/Block 5002/Lot 14/East Ward Additional Information:
What this record is
- Amount
- $3.20M
- 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.
- Committee
- Economic and Housing Development
- Introduced
- May 21, 2025
- On agenda
- July 2, 2025
- Passed
- July 2, 2025
Where it was heard
Municipal CouncilWatch what Newark buys
This is one award. Newark signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.
Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.