Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate properties into three (3) multi-family homes. Entity Name: Black Congress Enterprises, LLC Entity Address: Newark, New Jersey 07112 Sale Amount: $85,768.40 Cost Basis: (X) $10.00 and $12.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $209,400.00 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) 485 Springfield Avenue/Block 2608/Lot 11/Central Ward 54 Parkhurst Street/Block 2822/Lot 28/East Ward 53 Park View Terrace/Block 3697Lot 1/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 6,026.84 X $10.00 + $12.00 X 2,125.00 = $85,768.40. 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-d (s) 062122 Deferred 7R2-b 071322 Deferred 7R2-e 080322