Dept./Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: Amending Resolution 7R2-i adopted on May 6, 2020, to correct the purchase price from $35,078.08 to $35,186.08. Entity Name: 131-133 Highland Avenue, LLC Entity Address: 238 S 11th Street, Newark, New Jersey 07107 Sale Amount: $35,186.08 Cost Basis: (X) $8.00 and $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $221,600.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (24) 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) 35-37 Highland Avenue/Block 507/Lot 54/North Ward 37 3rd Street/Block 1878/Lot 27/Central Ward Additional Information: Amending Resolution 7R2-i adopted on May 6, 2020 to correct the purchase price from $ $35,078.08 to $35,186.08.