Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment, Assignment and Assumption to the Agreement for the Sale and Redevelopment of Land to Summit St. Development Group, LLC Entity Name: Summit St. Development Group, LLC Entity Address: 211 Warren Street, Newark, New Jersey 07103 Sale Amount: $10,459.40 Cost Basis: (X) $7.00 PSF ( ) Negotiated (X) N/A ( ) Other: Assessed Amount: $32,200.00 Appraised Amount: N/A 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) 110 James Street/Block 2828/ Lot 1/Central Ward Additional Information: Resolution 7R2-a adopted on January 21, 2021, designating Mission Realestate Projects, LLC as the redeveloper and authorizing an Agreement for the Sale and Redevelopment of Land.