Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop the properties into three (3) multi-family homes. Entity Name: Affine Group, LLC Entity Address: 525 Route 73 North, Suite 104, Marlton, New Jersey 08053 Sale Amount: $77,335.80 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $185,800.00 Appraised Amount: $0.00 Contract Period: To commenced within three (3) months and be completed within eighteen (18) 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) 717 South 14th Street/Block 2621/Lot 34/South Ward 713-715 14th Street/Block 2621/Lot 35/South Ward 717-719 Springfield Avenue/Block 2640/Lot 40/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 12,889.30 X $6.00 = $77,335.80. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.