Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New construction of two multi-family homes with 3 affordable units and 2 market rate units. Entity Name: All For the Family LLC Entity Address: 1080 Lawrence Avenue, Westfield, New Jersey 07090 Sale Amount: $56,221.00 Cost Basis: ( X ) $11.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $140,300.00 Appraised Amount: $0.00 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) 143 Sunset Avenue/Block 4061.01/Lot 74 / West Ward 213 4th Street/Block 1914/ Lot 9/ Central Ward Additional Information: Sale Price: Total Square Footage X PSF =5,111X $11.00 = $56,221.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.