Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop properties into a six (6) story mixed-use building with fifty (50) residential units, parking and commercial space. Entity Name: Celaya Capital, LLC Entity Address: Colts Neck, New Jersey 07722 Sale Amount: $61,247.84 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $100,800.00 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) 376 South Orange Avenue/Block 266/Lot 3/West Ward 394 South 11th Street/Block 266/Lot 32/West Ward 392 South 11th Street/Block 266/Lot 33/West Ward Additional Information: Total Price: Square Footage X PSF = 7,655.98 X $6.00 = $61,247.84. 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-f 071322