Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To utilize City-owned property to restore a historic home to its original condition. Entity Name: Saint Holdings of New Jersey, LLC Entity Address: Colonia, New Jersey 07067 Sale Amount: $67,500.00 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $256,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) months following the transfer of property ownership by the City 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) 33-35 Randolph Place/Block 3041/Lot 39/South Ward Additional Information: Total Price: Square Footage X PSF = 6,750 X $10.00 = $67,500.00. 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 111422 Deferred 7R2-d (s) 112222