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) two-family affordable housing units. Entity Name: Moss Holdings, Inc. Entity Address: West Orange, New Jersey 07052 Sale Amount: $51,277.510 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $104,700.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (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) 25 Vanderpool Street/Block 2793/Lot 31/South Ward 91 Ridgewood Avenue/Block 2679/Lot 8/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 5,127.75 X $10.00 = $51,277.510. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. No Action Taken 7R2-f 111323