Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop properties into four (4) two-family homes. Entity Name: Blackmon Homes, LLC Entity Address: Plainfield, New Jersey 07060 Sale Amount: $61,350.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $169,200.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) months following the 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) 192 Fairmount Avenue/Block 262/Lot 19/West Ward 628 South 12th Street/Block 315/Lot 5/South Ward 161 South 8th Street/Block 1812/Lot 28/West Ward 734 Bergen Street/Block 2707/Lot 49/South Ward Additional Information: Total Square Footage = 10,225 X $6.00 = $61,350.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.