26-1265

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to the Private Sale/Redevelopment with Clinton View, LLC to adjust the Sale Amount due to Environmental Remediation. Entity Name: Clinton View, LLC Entity Address: 40 Clifton Street, Newark, New Jersey 07114 Sale Amount: $972,000.00 minus an Environmental Remediation credit not to exceed $194,400.00 Cost Basis: ( ) $PSF (X ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $227,500.00 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) 176-178 Clinton Avenue/Block 2802/ Lot 47/ South Ward Additional Information: Resolution 7R2-g adopted on June 17, 2026, 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 adjust the Sale Amount due to Environmental Remediation that must be provided on the Property.

Resolution Adopted Introduced September 1, 2026

What this record is

Held by: Clinton View, LLC 2 records across this site
Amount: $194K
Runs until: no end date published in this record
Type: amendment

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Clinton View, LLC also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose:… $972K Newark, NJ

Committee: Economic and Housing Development
Introduced: September 1, 2026
On agenda: September 9, 2026
Passed: September 9, 2026

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Where it was heard

Municipal Council Sep 9, 2026 Adopt Pass

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