Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to Master Redevelopment Agreement with RPM Development, LLC and Urban League of Essex County Opportunity Corporation for various properties located within the Fairmount Commons Redevelopment Plan Area. Entity Name: RPM Development, LLC and Urban League of Essex County Opportunity Corporation, jointly the Redevelopers Entity Address: RPM Development, LLC, 77 Park Street, Montclair, New Jersey 07042; and Urban League of Essex County Opportunity Corporation, 508 Central Avenue, Newark, New Jersey 07107 Sale Amount: $314,747.92 Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $0.00 Appraised Amount: $0.00 Contract Period: Project Schedule attached hereto as Exhibit C 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) 331-335 South 11th Street/Block 1784/Lot 6/West Ward 339-341 South 11th Street/Block 1784/Lot 10/West Ward 343 South 11th Street/Block 1784/Lot 11/West Ward 345 South 11th Street/Block 1784/Lot 13/West Ward 347 South 11th Street/Block 1784/Lot 14/West Ward 349 South 11th Street/Block 1784/Lot 15/West Ward 351 South 11th Street/Block 1784/Lot 16/West Ward 353 South 11th Street/Block 1784/Lot 17/West Ward; 381-395 South Orange Avenue/Block 1784/Lot 35/West Ward 354 South 12th Street/Block 1784/Lot 55/West Ward 350-352 South 12th Street/Block 1784/Lot 57/West Ward 348 South 12th Street/Block 1784/Lot 58/West Ward 346 South 12th Street/Block 1784/Lot 59/West Ward 342-344 South 12th Street/Block 1784/Lot 61/West Ward 340 South 12th Street/Block 1784/Lot 62/West Ward 338 South 12th Street/Block 1784/Lot 63/West Ward 336 South 12th Street/Block 1784/ Lot 64/West Ward 334 South 12th Street/Block 1784/Lot 65/West Ward 332 South 12th Street/Block 1784/Lot 66/West Ward 330 South 12th Street/Block 1784/Lot 67/West Ward 343-345 South 12th Street/Block 1785/Lot 11, Add’l Lot 12/West Ward 347 South 12th Street; Block 1785, Lot 13/West Ward 349 South 12th Street; Block 1785, Lot 14/West Ward 351 South 12th Street; Block 1785, Lot 15/West Ward 353 South 12th Street; Block 1785, Lot 16/West Ward 355 South 12th Street; Block 1785, Lot 17/West Ward 357-359 South 12th Street; Block 1785, Lot 18/West Ward 361 South 12th Street/Block 1785/Lot 20/West Ward 363 South 12th Street/Block 1785/ Lot 21/West Ward 365 South 12th Street/Block 1785/Lot 22/West Ward 367 South 12th Street/Block 1785/Lot 23/West Ward 369 South 12th Street/Block 1785/Lot 24/West Ward 371-373 South 12th Street/Block 1785/Lot 64/West Ward Additional Information: Total Price: Square Footage X PSF = Sites A and A1 (27,589 SF) sold at $4.00 PSF ($110,356.00) Sites B and C (102,196.46 SF) sold at $2.00 PSF ($204,392.92) All Sites (129,785 SF) = $314,747.92 Sale at prices set forth in Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.