Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To reconstruct the property as a mixed-use property to be used as the company’s new headquarters, training center, and living quarters for its staff. Entity Name: CODEIT Development, a New Jersey Nonprofit Corporation Entity Address: 89 Market Street, 4th Floor, Newark, New Jersey 07102 Sale Amount: $20,216.00 Cost Basis: (X) $8.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $99,900.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) months from 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) 24 Hudson Street/Block 2850/Lot 44/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,527 X $8.00 = $20,216.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.