Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop properties into quality affordable housing units. Entity Name: Uplift Newark, LLC Entity Address: Newark, New Jersey 07102 Sale Amount: $89,274.10 Cost Basis: (X) $6.00 for Vacant Lot and $10.00 for Structures PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $334,300.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 49 Rose Terrace/Block 2624/Lot 24/South Ward 272 Goldsmith Avenue/Block 3719.04/Lot 18/South Ward 69 Richelieu Terrace/Block 4171/Lot 3/West Ward Additional Information: Total Price: Square Footage X PSF = 6,887.41 X $10.00 + 3,400 X $6.00 $89,274.10. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Failed 7R2-d 031622 Deferred 7R2-a (s) 062122 Deferred 7R2-a 071322 Failed 7R2-a 080322