Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide new construction of two-unit apartment buildings on each lot. Entity Name: Baker Capital Partners, LLC Entity Address: North Plainfield, New Jersey 07060 Sale Amount: $39,020.40 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $46,800.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months 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) 289 Chadwick Avenue/Block3597/Lot 22/South Ward 291 Chadwick Avenue/Block 3597/Lot 23/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 6,503.40 X $6.00 = $39,020.40. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.