Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To create a parking lot for adjacent redeveloper-owned properties. Entity Name: Christ Life Community Development, Inc. Entity Address: Maywood New Jersey 07607 Sale Amount: $57,720.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $193,500.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) 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) 23-27 4th Street/Block 1848/Lot 21/West Ward 29 4th Street/Block 1848/Lot 23/West Ward 31 4th Street/Block 1848/Lot 24/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 9,620 X $6.00 = $57,720.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.