Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct three (3) multi-family residential homes and a six (6) story eco-friendly luxury apartment building with thirty (30) units of residential space and underground parking spaces. Entity Name: St. Dean Enterprise Series, LLC Entity Address: 26 Washington Street, East Orange, New Jersey 07017 Sale Amount: $142,848.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $290,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) 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) 455-457 15th Avenue/Block 291/Lot (s) 1, 2/Central Ward 451-453 15th Avenue/Block 291/Lot (s) 3, 4/Central Ward 449 15th Avenue/Block 291/Lot 6/Central Ward 447 15th Avenue/Block 291/Lot 7/Central Ward 438 South 10th Street/Block 282/Lot 9.04/Central Ward 434-436 South 10th Street/Block 282/Lot 9.05/Central Ward 432 South 10th Street/Block 282/Lot 9.06/Central Ward Additional Information: Total Price: Square Footage X PSF = 23,808 X $6.00 = $142,848.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.