Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for the rehabilitation of a two (2) family structure for affordable rental housing. Entity Name: AJL Investments, LLC Entity Address: Newark, New Jersey 07106 Sale Amount: $61,050.00 Cost Basis: ( ) PSF ( ) Negotiated ( ) N/A (X) Other: $61,050.00 Assessed Amount: $122,100.00 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) 108 Brookdale Avenue/Block 4063.01/Lot 67/West Ward Additional Information: Sale Price: 50% X Other: Assessed Amount = .50 X $122,100.00 = $61,050.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.