Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct four (4) two-family unit homes. Entity Name: 204-210 Properties, LLC Entity Address: Belleville, New Jersey 07109 Sale Amount: $34,944.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $107,500.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within eighteen (18) months following 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) 204 14th Avenue/Block 282/Lot 46/Central Ward 206 14th Avenue/Block 282/Lot 45/Central Ward 208 14th Avenue/Block 282/Lot 44/Central Ward 210 14th Avenue/Block 282/Lot 43/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 5,824 X $6.00 = $34,944.00. 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 111521 Deferred 7R2-c 120121 Deferred 7R2-c 121521 Failed - 7R2-a 010522