Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct properties into five (5) modern two-family homes. Entity Name: Shine Development NJ, LLC Entity Address: 69 Hillcrest Drive, Saddle River, New Jersey 07458 Sale Amount: $69,870.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $169,800.00 Appraised Amount: $0.00 Contract Period: To commence 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) 497 Bergen Street/Block 2611/Lot 29/Central Ward 499 Bergen Street/Block 2611/Lot 30/Central Ward 211-213 Rose Street/Block 2611/Lot 36/Central Ward 215 Rose Street/Block 2611/Lot 38/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 11,645.0 X $6.00 = $69,870.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. No Action Taken 7R2-f (s) 081721 Deferred 7R2-f (s) 081921