Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for the refurbish and rehabilitation of an existing structure adjacent to Entity-owned property. Entity Name: Stephanie N. Baker Entity Address: Newark, Jersey 07107 Sale Amount: $20,000.00 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A Other Assessed Amount: $101,800.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed with twenty-four (24) 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) 77 South 14th Street/Block 1865/Lot 22/West Ward Additional Information: Sale Price: Total Square Footage X $8.00 = 2,500 X $8.00 = $20.000.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.