Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: An Agreement for the redevelopment of land. Entity Name: IGBO Catholic Community Heritage and Cultural Center, a New Jersey Non-Profit Corporation Entity Address: Newark, New Jersey 07108 Sale Amount: $103,773.12 minus a demolition credit in an amount not to exceed $43,870.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $789,700.00 Appraised Amount: $0.00 Contract Period: Not Applicable 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) 192-198 16th Avenue/Block 309.01/Lot 24/Central Ward 184-190 16th Avenue/Block 309.01/Lot 30/Central Ward 519 South 11th Street/Block 309.01/Lot 34/Central Ward 521-523 South 11th Street/Block 309.01/Lot 35/Central Ward 527 South 12th Street/Block 310.01/Lot 28/Central Ward 525 South 12th Street/Block 310.01/Lot 29/Central Ward 523 South 12th Street/Block 310.01/Lot 30/Central Ward 200 16th Avenue/Block 310.01/Lot 36/Central Ward 204-214 16th Avenue/Block 310.01/Lot 38/Central Ward 524 South 13th Street/Block 310.01/Lot 41/Central Ward Additional Information: The estimated cost to demolish existing structures on property located at 192-198 16th Avenue (Block 309.01, Lot 24) and 184-190 16th Avenue (Block 309.01, Lot 30) is $43,870.00, which shall be credited to Redeveloper.