Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: On 80-84 19th Avenue, new construction of two (2) two-family homes; 36 Livingston Street will construct a new two-family home; and a single-family home to sell at market rate on 38 Livingston Street. Entity Name: Level 6ix Group LLC Entity Address: 226 Isias Court Building 76, Perth Amboy New Jersey 08861 Sale Amount: $217,402.50 Cost Basis: (X) $21.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $175,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) 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) 36 Livingston Street / Block 2520/ Lot 46/ Central Ward 38 Livingston Street / Block2520/ Lot 45/ Central Ward 80-84 19th Avenue / Block 356/ Lot 27/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 10,352.50 X $21.00 = $217,402.50. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties Deferred 7R2-c 012126 Deferred 7R2-a 020426