Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New Construction of a 3-family home for rent, two (2) affordable units and one (1) at market rate. Entity Name: Legacy Builders. The Future LLC Entity Address: 132 Verona Avenue, Newark, New Jersey 07104 Sale Amount: $30,380.35 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $15,600.00 Appraised Amount: N/A 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) 106 Watson Avenue/ Block 3573/ Lot 6/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,336.95 X $13.00 = $30,380.35. 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

Future LLC 2 records across this site

Amount

$30K

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.

Future LLC also holds

Ratification and Approval of an Agreement Renewal with For The Future, Inc. for Medi-Cal Specialty Mental Health Services, in the Maximum Amount of $7… $713K Ventura County, CA ends Jun 30, 2026

Committee

Economic and Housing Development

Introduced

August 6, 2025

On agenda

January 21, 2026

Passed

January 21, 2026

Where it was heard

Municipal Council Jan 21, 2026 Adopt Pass

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