Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To acquire city-owned property to expand existing trade contract business operations. Entity Name: Roman E&G Corp. Entity Address: 14 Ogden Street, Newark, New Jersey 07104 Sale Amount: $110,000.00 Cost Basis: () PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $110,000.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) months following transfer of 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) 44-58 Ogden Street/Block 570/Lot 38/North Ward Additional Information: Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.