Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To build a three-family contemporary townhome and build two (2) townhomes. Entity Name: Seymour and Lyons, LLC Entity Address: East Orange, New Jersey 07107 Sale Amount: $59,400.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other: $59,400.00 Assessed Amount: $59,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be 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) 367-369 Seymour Avenue/Block 3603/Lot 7/South Ward 253-255 Lyons Avenue/Block 3631/Lot 12/South Ward Additional Information: Sale Price: Assessed Amount = $59,400.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.