Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for the construction of two (2) three (3) story multi-family dwellings. Entity Name: S.G. Global Enterprise, LLC Entity Address: Hackensack, New Jersey 07601 Sale Amount: $63,200.00 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A (X) Other Assessed Amount: $43,200.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) months following transfer of properties 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) 312-314 South 19th Street/Block 1793/Lot 48/West Ward 292 South 19th Street/Block 1793/Lot 59/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 7,900 X $8.00 = $63,200.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.