Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate properties into four (4) three-family homes, three (3) of which shall be sold at fair market value and one (1) shall include affordable housing. Entity Name: JSTWH, LLC Entity Address: Ewing, New Jersey 08638 Sale Amount: $154,364.60 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $335,300.00 Appraised Amount: 0.00 Contract Period: To commence within three (3) months and be completed within 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) 372 Hillside Avenue/Block 3558/Lot 30/South Ward 441 Avon Avenue/Block 2635/Lot 29/South Ward 443 Avon Avenue/Block 2636/Lot 27/South Ward 16-18 White Terrace/Block 3041/Lot 103/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 11,874.2 X $13.00 = $154,364.60 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.