Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To renovate the Property, to use as a community outreach center Entity Name: In the Name of Jesus Healing and Deliverance Ministries, Inc. Entity Address: 216 South 11th Street, Newark, New Jersey 07107 Sale Amount: $32,400.00 Cost Basis: ( X ) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $125,000.00 Appraised Amount: $N/A Contract Period: To commence within three (3) months ownership 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) 307 16th Avenue/ Block 336/ Lot 32/ West Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,160 X $15.00 = $32,400.00. 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-j 121824