26-0169

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a new three-family residential dwelling, with each unit to be rented at market rate. Entity Name: Roma Development, LLC Entity Address: 102 Pancake Hollow Drive, Wayne, New Jersey 07470 Sale Amount: $53,200.00 Cost Basis: (X) $19.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $20,500.00 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) 152-154 Ridge Street/Block 508/Lot 10/ North Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,800.00X $19.00 = $53,200.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.

Resolution Adopted Introduced February 4, 2026

What this record is

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