25-1455
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New construction of a two-family home, where one unit will be owner occupied and the other unit will be leased through the Section 8 Housing Choice Voucher Program. Entity Name: Novo Holdings LLC Entity Address: 101 Tillinghast Street, Newark, New Jersey 07108 Sale Amount: $73,836.78 Cost Basis: (X) $ 17.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $88,000.00 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) 290-292 Chadwick Avenue/Block 3590/Lot 22/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 4,343.34 X $17.00 = $73,836.78 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties Deferred 7R2-c 071526
What this record is
- Held by
- Novo Holdings LLC
- Amount
- $88K
- 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
- October 31, 2025
- On agenda
- July 15, 2026
- Passed
- August 5, 2026
Where it was heard
Municipal Council Municipal CouncilWatch what Newark buys
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