Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To build a two-family residential home. Entity Name: Solace Realty Concepts, LLC Entity Address: Newark, New Jersey 07112 Sale Amount: $21,200.00 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $31,500.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) 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) 488 South12th Street/Block 287/Lot 42/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,650 X $8.00 = $21,200.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Deferred 7R2-c 110123 No Action Taken 7R2-b 111323 Deferred 7R2-b 112123 Deferred 7R2-a 120623 Deferred 7R2-a 122023