1st Reading - Jersey City

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, ,Portion of PJP Landfill Site, Jersey City New JerseyTable of ContentsLetter Of TransmittalTitle PageCertification for Appraisal AssignmentsTable of CoIitentsAppraisal SummaryThe Appraisal Process'Scope of the Appraisal,General DataPurpose and Date of the AppraisalDefinition of Market ValueFunction of the AppraisalProperty Rights AppraisedDate of the Property InspectionIdentification and Title.' History, Use and OccupancyAssessment and Tax DataSite Data and Amilysis'Site DescriptionZoning'TC: MapZoning MapHighest and Best UseMethod of ValuationSàles Comparison Approach. Comparable Sales Adjustment Grid, Explanation of AdjustmentsSales Comparison Approach ~ ConclusionContributory Value of Site ImprovementsSummary of Value ConclusionsReconciliation and Estimate of Value,AddendaAssumptions and Limiting ConditionsQualifications of the Appraisers123456788 .899910101112121617 '181920213127313233 ,34353.639VALUE REEARCH GROUP, LLC 4
,Portion of PJP Landfill Site, Jersey City, New JerseyAppraisal SummaryOwner:Property Address:Edwin.L.5iegel and a related entity, Edlin, Ltd;400 Sip Avenue (Sip Avenue & Routes 1 &9)Block 1627, Lots 1.P, 2.A, 3.B, 5.ABlock 1639.A, Lots t.C, 3, 4, 4,C, 6.A, 7Jersey City, New Jersey.Lot Size: 32.52 acres (assessor's records)Zoning:The subject property is currently located withina redevelopment area established by the City ofJersey City on September 27, 2006.Prior to thedesignation, the subject property was located inthe I-Industrial and WPD Waterfront PlannedDevelopment districts; Therefore, the subjectproperty is valued under the terms andrequirements of these ,prior zoning districts.Property Description: The subject site contains 32.S2.,acres of landaccessible from the west side of Truck Route 1&9. Two a~res fronting on Routes 1 & 9 areleased to outside tenailtsand' improved with atruck stop/gas station and a commercial ., building. The Sip Avenue ditch, a man-madedrainage ditch that forms the subject property'ssouthern boundary; runs west to theHackensack River from a city storm seweroutlenit Truck Route 1 & 9. The. elevatedDate of Valuation: No'vemher 1, 2008Pulaski Skyway runs over the western portionof the property dividing the site into twodiscreet sections. Finally, the entire site is partof an active superfund site known as the PJPLandfìL 'Highest & Best Use: Warehouse 'development consistent with therequirements of Linden Zoning Ordinance.Market Value Indication: $12,682,000VALUE REEARCH GROUP, LLC 5
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Cit Clerk File No.Ordi 11-001Agenda
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City Clerk File No.. Agenda No.Agen
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. .Continuation of City Ordinance11
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COntinuatlònof City Ordinance 11-0
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Continuation of City Ordinance ll-U
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Continuation of City Ordinance11-.0
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LIBERTY HARBOR REDEVELOPMENT PLANMA
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. VIII. MAS .................;.....
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I. ,BOUNDARY DESCRIPTION, BEGINING
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C. ' Duration and Effective Date of
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This redevelopment plan authorizes
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y providing the pedestran environme
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or mechanical floor area adjacent t
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project sne. -V. ,Parking and servi
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, 'The Planing Board may grant devi
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C. Restriction of Occupancy or UseT
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1. Maximum height: heightshall be r
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. Buildings shall be constrcted on
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porton of the façade of the parkin
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econstrcted, non-conforrity with th
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MAPSc,, , ,, 25
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"CIRCULATION MAP.b~BiJt BO.UNOARY -
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-Residential, Mixed-UseDistrict Bou
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o~~. r--------------------'~ I r r
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~ __Ø)'June 2010MAP NO.9/ '
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o~"~zu~-LEGENDi- ~'.--------,.....,
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1-- -_~- -- ~- ~- --- ~~- ---'\LEGE
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Cit Clerk File No.Agenda No.Agenda
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ORDINANCE FACT SHEETDate Submitted
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TABLE OF CONTENTSAmendments to the
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The following Map Footnotes shall b
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11.-- DESCRIPTION OF PROJECTA. Rede
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golf courses, driving ranges, water
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· In no instance, no matter what t
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d. Modem, decorative, pedestrian fr
Page 72 and 73: StudioI Bedroom2 Bedroom & above0.5
Page 74 and 75: various plant species to be usedber
Page 76 and 77: d. Entrances and exits to parking a
Page 78 and 79: Additionally, the logo and/or hotel
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Page 82 and 83: In addition, all areas of the roof
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Page 102 and 103: Cit Clerk File No.Agenda No.Agenda
Page 104 and 105: Continuation at ~ity urqinance ,'pa
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Page 116 and 117: EXHIBIT BMETES AND BOUNDS(TO,BE PRO
Page 118 and 119: V A L DE RES E A RC H G ROD P, L LC
Page 120 and 121: , ~ ,SUMMARY APPRAISAL REPORTi PORT
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Page 160 and 161: Continuation of City Ordinance11-00
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Page 164 and 165: City Clerk File No,Agenda No.Agenda
Page 166 and 167: Cit Clerk File No. Ord. 11-0093. IA
Page 168 and 169: Continuation of City Ordinance"-::.
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Continuatiònof City Ordinance ll';
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ContinuatlònOf City Ordinance 11-0
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Continuatiònof City Ordinance 11-0
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1st Reading - Jersey City

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