Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To authorize the execution of a Redevelopment Agreement with Brandywine Acquisition and Development, LLC, as the designated redeveloper of the Traffic and Signals Facility, as part of a public-private partnership entered into under the Local Redevelopment and Housing Law. Entity Name: Brandywine Acquisition and Development, LLC Entity Address: 2 Ponds Edge Drive, Chadds Ford, Pennsylvania 19317 Sale Amount: $322,955.00 Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $5,348,700.00 Appraised Amount: $0.00 Contract Period: Project Schedule attached as Exhibit D to the Redevelopment Agreement 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) 361-377 Irvine Turner Boulevard/Block 2675/Lot 1/South Ward 81-83 Hillside Avenue/Block 2675/Lot 25/South Ward 379-383 Irvine Turner Boulevard/Block 2675/Lot 46/South Ward Additional Information: