7R2-e 23-1516 Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for new Construction of a mixed-use residential building with four (4) affordable residential units and a retail space. Entity Name: Detail Oriented Contracting, LLC Entity Address: Newark, New Jersey 07103 Sale Amount: $26,955.00 Cost Basis: (X) $9.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $44,600.00 Appraised Amount: $0.00 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) 723 Springfield Avenue/Block 2640/Lot 37/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,995 X $9.00 = $26,955.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. - Product Development

Meeting: Municipal Council on 2024-04-10 12:30 PM - REGULAR MEETING

Meeting Time: August 15, 2024 at 10:30am PDT

Note: The online Request to Speak window has expired.

The online Comment window has expired

Agenda Item

7R2-e 23-1516 Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for new Construction of a mixed-use residential building with four (4) affordable residential units and a retail space. Entity Name: Detail Oriented Contracting, LLC Entity Address: Newark, New Jersey 07103 Sale Amount: $26,955.00 Cost Basis: (X) $9.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $44,600.00 Appraised Amount: $0.00 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) 723 Springfield Avenue/Block 2640/Lot 37/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,995 X $9.00 = $26,955.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.

Legislation Text 23-1516 Redevelopment Agreement - RDA 23-1516 Preliminary Designated Letter 23-1516 Exhibit A 23-1516 Exhibit C Ord 6PSF-C 061715 First Source 23-1516 Vital 23-1516 Disclosure Forms 23-1516 Res 7Rdo(AS)061505 Entire City Redev 23-1516 Ord 6S&Fd(S)081705-SW 23-1516 Res 7RG110685 Comm Econ Dedicated Trust 23-1516 Ord 6PhS&Ff062106 Affordable Hsng Trust 23-1516 Ord 6PhS&Fd040595 Minority Set Aside 23-1516 Res 7Rbp 030195 Affirmative Action 23-1516 EO 11375 23-1516 EO 12086 23-1516 Ord 6S&FH 040704 Min Sale Price 23-1516 Checklist 23-1516 certified resolution picked up agreement letter