Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To combine the properties with adjacent redeveloper-owned properties to create an apartment building. Entity Name: Littleton Partners, LLC Entity Address: Newark, New Jersey 07103 Sale Amount: $37,068.24 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $38,700.00 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) 365 South 20th Street/Block 1789.01/Lot 6/West Ward 367-369 South 20th Street/Block 1789.01/Lot 8/West Ward Additional Information: Total Price: Square Footage X PSF = 4,633.53 X $8.00 = $37,068.24. 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-i 090822