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.