Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct a parking lot for the adjacent owned church. Entity Name: Calvary Touch of God Ministry, Inc. Entity Address: 636-638 Bergen Street, Newark, New Jersey 07108 Sale Amount: $79,200.00 Cost Basis: ( X ) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $154,000.00 Appraised Amount: N/A Contract Period: : To commence within three (3) months and be completed within twelve (12) 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) 630-634 Bergen Street/ Block 2685/Lot 43/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 5,280 X $15.00 = $79,200.00. 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-e 100125