Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to the Agreement for the Sale and Redevelopment of Land to 512-520 South 19th Street Associates, LLC to amend the Scope of the Project, Sale Price and Property Addresses Entity Name: 512-520 South 19th Street Associates, LLC Entity Address: 290 Ferry Street, New Jersey 07105 Sale Amount: $90,000.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $174,800.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within eighteen (18) months from the transfer of ownership by the City 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) 522 South 19th Street/Block 336/Lot 1.01/West Ward 520 South 19th Street/Block 336/Lot 1.02/West Ward 518 South 19th Street/Block 336/Lot 1.03/West Ward 516 South 19th Street/Block 336/Lot 1.04/West Ward 514 South 19th Street/Block 336/Lot 1.05/West Ward 512 South 19th Street/Block 336/Lot 1.06/West Ward Additional Information: Resolution 7R2-h (s), adopted on August 19, 2021, authorized the Private Sale/Redevelopment pursuant to the Agreement for the Sale and Redevelopment of Land. This Resolution authorizes a First Amendment to the Agreement for the Sale and Redevelopment of Land to amend the Scope of the Project, Sale Price, and correct the Property Addresses.