Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to Agreement for the Sale and Redevelopment of Land to to Ali Muslim to amend the Entity Name Entity Name: 302-304 West Runyon Newark, LLC Entity Address: 308 West Runyon Street, Newark, New Jersey 07108-0710 Sale Amount: $80,000.00 Cost Basis: (X) $16.00PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $34,400.00 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) 302-304 West Runyon Street/Block 3036/Lot 34/Additional Lot 35/South Ward Additional Information: Resolution 7R2-d adopted on February 18, 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 amend the Entity Name.