Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop properties into three (3) multi-family homes. Entity Name: T3 Management, LLC Entity Address: Paterson, New Jersey 07502 Sale Amount: $52,950.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $93,800.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within eighteen (18) 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) 436 South 11th Street/Block 283/Lot 33/Central Ward 438 South 11th Street/Block 283/Lot 34/Central Ward 327 7th Avenue W/Block 1914/Lot 1/Central Ward 329 7th Avenue W/Block 1914/Lot 2/Central Ward Additional Information: Total Square Footage = 8,825.0 X $6.00 = $52,950.00. 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-f 012022