Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate the properties into a one (1) two-family home and one (1) three-family home as affordable rental housing. Entity Name: RNG Industries, LLC Entity Address: Franklin Lakes, New Jersey 07417 Sale Amount: $36,042.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $72,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) months following 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) 508 15th Avenue/Block 284/Lot 1/Central Ward 440 South 7th Street/Block 301/Lot 71/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 6,007 X $6.00 = $36,042.00. 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-b 031622 Deferred 7R2-a 040622 Deferred 7R2-a 042022 Deferred 7R2-a 050422