Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Amending Private Sale/Redevelopment Purpose: To rescind Resolution 7R2-c(AS) adopted on November 18, 2019 due to the entity’s name change to HBP RAIN Foundation, a NJ Nonprofit Corporation from Essex County LGBTQ RAIN Foundation. Entity Name: HBP RAIN Foundation, a NJ Nonprofit Corporation Entity Address: 168 Park Street, East Orange, New Jersey 07017 Sale Amount: $10,000.00 Cost Basis: ($2.00 ) X PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $24,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months from the transfer of 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) 25-27 Roseville Avenue/Block 1873/Lot 1/West Ward Additional Information: Total Price: Square Footage X PSF = 5,000 X $2.00 = $10,000.00. Sale at prices set forth by Ordinance 6S&FH, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. This resolution rescinds Resolution 7R2-c(AS) adopted on November 18, 2019 due to the entity’s name change to HBP RAIN Foundation, a NJ Nonprofit Corporation from Essex County LGBTQ RAIN Foundation. The project is to construct an eleven (11) unit dwelling for chronically homeless individuals who may have a disability and identify as LGBTQ, all other terms and conditions of the agreement will remain in effect.