Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitating the property for use as a parking lot for the Redeveloper’s adjacent property. Entity Name: International Federal of Chaplains Inc. Entity Address: 827 Clinton Avenue, Newark, New Jersey 07108 Sale Amount: $23,100.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other:Half of the Assessed Value Assessed Amount: $46,200.00 Appraised Amount: n/a Contract Period: To commence within three (3) months and be completed within eighteen (18) months following transfer of property ownership from the City to the Redeveloper 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) 819 Clinton Avenue/Block 3017/Lot 19/South Ward Additional Information: Sale Price: $23,100.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.