Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop one (1) two-family home and two (2) three-family homes for purchase. Entity Name: Jarid Jamar Construction Company, Inc. Entity Address: West Orange, New Jersey 07052 Sale Amount: $62,640.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $97,500.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) 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) 147 South 10th Street/Block 1826/Lot 20/West Ward 149-151 South 10th Street/Block 1826/Lot 22/West Ward 163-165 South 10th Street/Block 1826/Lot 29/West Ward Additional Information: Total Price: Square Footage X PSF = 10,440 X $6.00 = $62,640.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.