Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To build four (4) luxury homes in the Fairmount and University Heights neighborhoods. Entity Name: Genesis Capital Investments, LLC Entity Address: Branchburg, New Jersey 08876 Sale Amount: $61,800.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $95,500.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within eighteen (18) months following transfer of property ownership by the City 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) 105 South 13th Street/Block 1860/Lot 9/ West Ward 126 South 13th Street/Block 1859/Lot 49/West Ward 142 South 13th Street/Block 1859/Lot 41/West Ward 70 11th Avenue/Block 1811/Lot 1/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 10,300 X $6.00= $61,800.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.