Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide reconstruction and remodeling of existing three-family house. Entity Name: SVS & M Construction, LLC Entity Address: Fairview, New Jersey 07022 Sale Amount: $30,000.00 Cost Basis: (X) $12.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $175,300.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and 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) 149 Sherman Avenue/Block 2792/Lot 21/South Additional Information: Total Price: Total Square Footage X $12.00 = $30,000.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.