Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To combine the property with adjacent redeveloper owned lots to create a one-story warehouse-distribution building with loading docks and associated parking and driveways. Entity Name: SPG 2013 McCarter Hwy Urban Renewal, LLC Entity Address: 100 Front Street, Suite 350, Conshohocken, Pennsylvania 19428 Sale Amount: $124,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $124,000.00 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) 2035-2045 McCarter Highway/Block 825/Lot 30/North Ward Additional Information: Sale Price: $124,000.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.