Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: Authorize Execution of an Amended and Restated Agreement for the Sale and Redevelopment of Land Between the City of Newark and Virginia Street Fidelco, LLC Entity Name: Virginia Street Fidelco, LLC Entity Address: 225 Millburn Avenue, Suite 202, Millburn, New Jersey 07041 Sale Amount: $13,810,000.00, less the Remediation and Demolition Credit [maximum aggregate credit not to exceed $3,810,000.00] Contract Period: 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) 41-45 McClellan Street/Block 3773/Lots 15/Additional Lot41/South Ward 47-63 McClellan Street/Block 3773/Lot 43/South Ward 980-990 Frelinghuysen Avenue Rear/Block 3773/Lot 53/South Ward Additional Information: