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26-0117

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 M.T.A. & Associates, LLC to correct the property description Entity Name: M.T.A. & Associates, LLC Entity Address: 455 Stuyvesant Avenue, Irvington, New Jersey 07111 Sale Amount: $45,000.00 Cost Basis: (X) $9.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $34,400.00 Appraised Amount: N/A 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) 684-686 South 18th Street/Block 357/Lot 37/South Ward Additional Information: Resolution 7R2-e adopted on April 24, 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 correct the Scope of Project.

Resolution Adopted Introduced January 28, 2026

What this record is

Held by
& Associates, LLC
Amount
$45K
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
amendment

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

Committee
Economic and Housing Development
Introduced
January 28, 2026
On agenda
June 17, 2026
Passed
June 17, 2026

Where it was heard

Municipal Council Jun 17, 2026 Adopt Pass

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