Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Settlement Agreement Purpose: Authorizing Execution of Settlement Agreement with ABL RPC Residential Credit Acquisition, LLC Entity Name: ABL RPC Residential Credit Acquisition, LLC Entity Address: 30 Montgomery Street, Suite 150, Jersey City, New Jersey 07302 Sale Amount: N/A Cost Basis: ( ) $ PSF ( ) Negotiated (X) N/A ( ) Other: Assessed Amount: Appraised Amount: Contract Period: To commence within three (3) months and be completed within two (2) years from the transfer of ownership by the City Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 379 Avon Avenue/Block 2632/Lot 22.01/South Ward 381 Avon Avenue/Block 2632/Lot 22.02/South Ward 687 Clinton Avenue/Block 3008/Lot 1.01/South Ward Additional Information: